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Property profile & analytics
OFF-MARKET
Retail space

405 Park Pl Audubon, IA 50025-1215

1,500 SF 0.08 ac lot Built 1906
Individually Owned Absentee Owner Free & Clear
Property ID
US25-1336899
Property summary
AI-generated overview

This exceptional brick building, situated on a 0.08-acre lot at 405 S Park Place in Audubon, Iowa, presents a compelling investment opportunity. Ideally located directly across from the city square, this property offers unparalleled visibility and accessibility. The building currently houses two separate office spaces, each providing a distinct and functional area for individual businesses. Each office is currently leased, generating immediate rental income for the new owner. The main floor also includes two half-bathrooms and shared storage space, catering to the needs of multiple tenants. The building's prime location makes it suitable for a variety of uses, including office space, retail ventures, or other commercial applications. The existing leases provide a stable income stream, while the strategic location offers significant potential for future growth and increased rental income through lease renegotiation or occupancy by the new owner. This property represents a rare chance to acquire a well-positioned commercial building in a thriving downtown area. The solid brick construction ensures durability and longevity, making it a sound investment for the discerning buyer. The existing tenants and their leases provide a strong foundation for immediate return on investment, while the prime location offers significant upside potential for future growth and profitability. This is a turnkey opportunity for an investor seeking a stable, income-producing asset in a desirable location.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1906
Total area 1,500 SF
Lot 0.08 ac (3,500 SF)
APN 05-05-21-310-188
UPID US25-1336899
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
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
NICKOLEEN WIEDERSTEIN
NICKOLEEN WIEDERSTEIN
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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