604 8th St Grundy Center, IA 50638-1328
This unique mixed-use building in Grundy Center, Iowa, presents a compelling investment opportunity at an asking price of $99,500. Located at 604 8th St, zip code 50638 (42.3622003, -92.7737272), this property offers a versatile layout suitable for a variety of commercial ventures. The main floor provides ample space adaptable to office, retail, or storage uses, catering to diverse business needs. The upper level features an apartment, ideal for rental income generation or conversion into an Airbnb, adding another revenue stream. This presents a chance to establish a thriving business in a well-situated location within Grundy County. The property's flexibility allows for creative business strategies, maximizing its potential for return on investment. The building's substantial space and adaptable design make it an attractive option for entrepreneurs seeking a multi-faceted commercial property in a growing community. This is a rare opportunity to acquire a mixed-use building with significant upside potential in a desirable Iowa location. Serious inquiries are encouraged to explore the full range of possibilities this property offers. The building is classified as a traditional office space within a mixed-use context, offering a blend of commercial and residential elements.
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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
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.