2501 Broadway St Red Oak, IA 51566-1011
This exceptional 40,000-square-foot free-standing retail building, situated on a 5.35-acre lot in Red Oak, Iowa, presents a remarkable investment opportunity. Built in 1979, the property boasts a highly desirable location at the corner of Highway 30 and North Broadway Street, offering unparalleled visibility and accessibility. Previously occupied by K-Mart, the single-tenant building is currently vacant and ready for immediate occupancy. Ample parking is available, providing significant potential for expansion to suit a variety of uses. The building's layout includes a former automotive department, easily adaptable into office space, and a convenient rear storage area ideal for deliveries. Located in Montgomery County, this property benefits from its position on Red Oak's main thoroughfare, ensuring maximum exposure to a substantial customer base. The building's size and prominent location make it an ideal candidate for a wide range of retail, commercial, or even light industrial uses. This is a rare chance to acquire a substantial property in a prime location with significant upside potential. The address is 2501 N Broadway St, Red Oak, IA 51566.
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Sears Appliance Repair Home Appliance Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.