405 Park Pl Audubon, IA 50025-1215
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.
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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.