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    FOR SALE
    Banks

    323 E Reed St, Red Oak, IA 51566

    14,729 SF 0.77 ac lot Built 1880
    Entity Owned Free & Clear
    Property ID
    US25-2125300
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a historic two-story bank building located at 323 E Reed St in Red Oak, Iowa. Boasting 7,655 square feet, this single-unit property is situated on a highly visible corner lot directly across from the Montgomery County Courthouse, offering unparalleled exposure and accessibility. Built in 1880 and renovated in 1960, the building presents a blend of historical charm and updated functionality. The asking price is $350,000, translating to a price per square foot of $45.72. The property includes a dedicated on-site parking lot, a significant advantage in a high-traffic area. This prime location, combined with the building's substantial size and historical significance, makes it an ideal investment for a variety of uses. The property's convenient location and ample parking make it an attractive option for businesses seeking high visibility and accessibility. The building's history and unique character offer a compelling opportunity for adaptive reuse or continued operation as a financial institution. Serious inquiries are encouraged to explore the potential of this remarkable property. The zip code is 51566.

    Property profile
    Verified
    Property type Banks
    Use group FINANCIAL BUILDING
    Year built 1880
    Total area 14,729 SF
    Lot 0.77 ac (33,600 SF)
    APN 600628162017000
    UPID US25-2125300
    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
    Current use
    Occupant on record · Public records
    • U.S. Bank Branch Bank Loan Service
    • US Bank Mortgage Loan Service Bank
    • U.S. Bank ATM Atm
    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
    FIRSTAR BANK RED OAK
    FIRSTAR BANK RED OAK
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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