307 Main St Knoxville, IA 50138

Property Details for 307 Main St

Year built

1920

Lot size

0.14 lot acres

Property size

2,120 SF

Property type

Retail space

APN

842787100

APU

842787100

Description

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.

Location Insight

City

Knoxville

County

Marion

State

Iowa

Longitude

-93.096

Latitude

41.3192

CBSA code

37800

CBSA name

PELLA, IA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments