601 2nd St Ida Grove, IA 51445-1011
- Storefront properties
- 14,000 SF
- 0.16 lot acres
Current Use by Public Records
- Jepsen's Simply Rustic Boutique & Wellness / Clothing Store
Property Details for 601 2nd St
- Year built
- 1910
- Construction
- BRICK
- Lot size
- 0.16 lot acres
- Property size
- 14,000 SF
- Property type
- Storefront properties
- APN
- 18080401
- APU
- 18080401
Property Overview
This is a 14,000 square foot commercial building located in Ida Grove, Iowa. The property offers potential for various uses, including retail, event space, restaurant, coffee shop, short-term rentals, or apartment housing. The north side entrance leads to a boutique space on the east side. Stairs provide access to further potential, and to the west is another versatile space, leading to a spacious room in the back, previously used as a yoga studio and event space. The property includes a security system with cameras and a coded side door, operable from an app. The building features a seamless tin roof and gutters. Storefront windows have been updated. Electrical and HVAC systems have been updated throughout, providing the ability to support 2 finished levels.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $285,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $195,000
- 6.5%
- $205,000
- 7%
- $195,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $240,000
- Geo Method
- $250,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $230,000
- Retail
- $205,000
- Mixed-Use
- $230,000
- Hospitality
- $195,000
- Educational
- $195,000
- Residential Income
- $190,000
- Energy
- $250,000
- Income-Based Land
- $215,000
- Food Service
- $195,000
Location Insight
- Map
- Local Demand
- City
- Ida Grove
- County
- Ida
- State
- Iowa
- Longitude
- -95.4729
- Latitude
- 42.3448
