307 Main St Knoxville, IA 50138-2571

This exceptional investment opportunity is located in the heart of Knoxville, Iowa, at 307 E Main Street. The property encompasses a substantial mixed-use building featuring three commercial spaces and five apartments, presenting a unique blend of income streams and potential for owner-occupancy. Undergoing extensive renovations beginning in 2016, the building boasts significant upgrades. These improvements include a completely refreshed facade, new interior walls and flooring, updated electrical systems, a new city sewer connection, a comprehensive sprinkler system, new plumbing and water heaters, reinforced ceilings, and a new HVAC system throughout. The property sits on a 0.14-acre lot and benefits from readily available fiber internet service. This prime location is poised for continued growth, situated within a revitalized downtown area experiencing significant investment. Recent and planned developments include streetscape improvements, facade and signage grants, and Community Development Block Grant (CDBG) projects, all contributing to a thriving and attractive business environment. The asking price for this turnkey investment is $750,000. This presents a rare chance to acquire a well-maintained, income-producing property in a rapidly developing downtown core. The combination of commercial and residential units offers flexibility and diverse income potential. Detailed financial records are available upon request.