Property profile

604 8th St Grundy Center, IA 50638

OFF-MARKET
Investment properties
Property ID
US25-2274335
3,190 SF 0.08 ac lot Built 1920
Individually Owned 17-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1920
Construction CONCRETE BLOCKS
Total area 3,190 SF
Lot 0.08 ac (3,515 SF)
APN 871712263003
UPID US25-2274335

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Social Service Agency Charitable Organization

Location

604 8th St Grundy Center, IA 50638-1328
Grundy Center metro Census 960300 WATERLOO-CEDAR FALLS, IA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$220k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

since 2009
2 recorded transactions
2022
Price N/A
2009
$69,500

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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