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Property profile & analytics
OFF-MARKET
Specialty properties

395 Iowa Ave Martensdale, IA 50160-7714

1,650 SF 0.09 ac lot Built 1950
Individually Owned 1-yr Hold ~ Est. High Equity
Property ID
US25-1864780
Property summary
AI-generated overview

This 1,650 square foot commercial building, located at 395 Iowa Avenue in Martensdale, Iowa, presents a unique opportunity for a variety of businesses. Situated on a 0.09-acre lot, the property boasts a recently renovated interior, including new ceilings and paint in the main area, and two updated public restrooms with new toilets. The building features a substantial kitchen, ideal for food service operations, complete with a restaurant-style range on rollers, a work sink, and ample space. A large meeting area provides flexibility for various uses. Additional features include a sizable storage room, two refrigerators, a freezer, and a dishwasher sanitizer. The building's mechanical systems are well-maintained, with a furnace approximately 10 years old, and significant exterior improvements have been made, including newer windows, siding, and roofing. The property's previous use as a Lyons Club facility speaks to its adaptability and suitability for a range of commercial ventures, including but not limited to daycare centers, restaurants, offices, or retail shops. The asking price is $110,000. This is a move-in ready property with significant recent upgrades, offering immediate occupancy and potential for immediate revenue generation. The combination of updated amenities and versatile space makes this an attractive investment opportunity.

Property profile
Verified
Property type Specialty properties
Use group CHARITABLE ORGANIZATION
Year built 1950
Total area 1,650 SF
Lot 0.09 ac (3,750 SF)
APN 54020030085
UPID US25-1864780
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
  • Martensdale Lions Club Charitable Organization
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Kristie Jacobe · 1 yrs held
Kristie Jacobe
since 2025
Last sale
$105,000
1 recorded transaction
2025
$105,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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