You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET
Investment properties

418 2nd St Gladbrook, IA 50635-7719

0.07 ac lot
Individually Owned 9-yr Hold Free & Clear
Property ID
US25-1577110
Property summary
AI-generated overview

This unique 7,200 square foot mixed-use property located at 418 2nd Street, Gladbrook, IA, presents a compelling investment opportunity. Situated on a 0.07-acre lot, the building offers a diverse range of income streams. The main floor comprises two offices, a barber shop, and restrooms, providing immediate rental income potential. Upstairs, the property boasts three apartments: one two-bedroom unit and two one-bedroom units. Recent updates have been made to both the apartments and the building itself, enhancing their appeal and value. A convenient coin-operated laundry adds another revenue stream. The property also features ample parking spaces located at the rear, along with a useful deck area. This versatile property is ideal for an investor seeking a blend of commercial and residential income, offering a strong return on investment with its established tenant base and diverse income streams. The property's location in Gladbrook, IA, provides easy access to local amenities and services. This is a rare opportunity to acquire a well-maintained, income-generating property in a desirable location. Don't miss out on this chance to expand your portfolio with a truly unique and profitable investment.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Lot 0.07 ac (3,136 SF)
APN 05.09.406.008
UPID US25-1577110
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
  • Bowman & Miller PC Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Jerry Dean Alejo · 9 yrs held
Jerry Dean Alejo
since 2017
1 recorded transaction
2017
$30,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 418 2nd St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message