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Property profile & analytics
OFF-MARKET
Retail space

246 2nd St Madrid, IA 50156-1212

7,040 SF 0.13 ac lot Built 1898
Individually Owned Absentee Owner Free & Clear
Property ID
US25-1224994
Property summary
AI-generated overview

This exceptional investment opportunity presents two retail buildings located at 246 W 2nd Street in the desirable city of Madrid, Iowa. Situated conveniently near the Trestle Trail, this property offers unparalleled access and visibility. The buildings are being sold together as a package deal, representing a unique chance to acquire a significant presence in a thriving community. Both structures have undergone substantial pre-preparation work, with the heavy lifting already completed. This means significant upfront costs are eliminated, allowing you to focus on customizing the interior spaces to perfectly suit your business needs. The buildings are offered "as-is," providing flexibility and potential for creative design and development. The sale price of $165,000 represents an attractive entry point into the Madrid market, a city known for its strong community and desirable location. This is a rare chance to establish or expand your business in a prime retail location with minimal upfront renovation expenses. The property's proximity to the Trestle Trail adds to its appeal, offering increased foot traffic and visibility. Don't miss this opportunity to own a piece of Madrid's vibrant commercial landscape. The buildings are ready for immediate occupancy and customization, allowing for a swift and efficient launch of your business venture. This is a truly unique opportunity for a savvy investor seeking a turnkey retail space in a highly sought-after location.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1898
Total area 7,040 SF
Lot 0.13 ac (5,808 SF)
Zoning code INC
APN 88226361286105
UPID US25-1224994
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
MADRID TRESTLE LLC,
MADRID TRESTLE LLC,
Zoning & alternative use
INC · Madrid, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source MODEL CODE OF ORDINANCES
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