503 1st St Carroll, IA 51401-2911

This exceptional 9,865 square foot commercial property located at 503 E 1st Street in Carroll, Iowa, presents a unique investment opportunity. Situated on a 0.41-acre lot, the building offers remarkable versatility and potential for a variety of uses. Currently configured with three apartments, one of which is recently renovated and immediately available for occupancy, the property also boasts a substantial attached 2,300 square foot garage. Beyond the apartments and garage, over 3,400 square feet of additional space is available for development, allowing for the creation of additional apartments, office spaces, or even a residential unit. The possibilities are extensive, allowing for a mixed-use approach or a focus on a single use type. A full basement provides ample storage or the potential for expansion. The asking price for this adaptable property is $375,000. Its central location in Carroll, Iowa, offers excellent access to local amenities and transportation routes. This property is ideal for investors seeking a high-return opportunity or entrepreneurs looking to establish a thriving business in a dynamic community. The existing apartments generate immediate income potential, while the expansive additional space allows for future growth and customization to meet specific needs. Contact us today to schedule a viewing and explore the full potential of this remarkable property.