395 Iowa Ave Martensdale, IA 50160-7714
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.
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Martensdale Lions Club Charitable Organization
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
Property description
Physical attributes from public recordsZoning & alternative use
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.