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Property profile & analytics
OFF-MARKET Estimated value $270,000
Automotive properties

604 Sherman Ave Ackley, IA 50601-1446

4,000 SF 0.72 ac lot Built 1946
Entity Owned ~ Est. High Equity
Property ID
US25-1897218
Property summary
AI-generated overview

This exceptional commercial property in Ackley, Iowa presents a remarkable investment opportunity. The main building, a former car dealership and garage, boasts a substantial 10,510 square feet of space. This includes well-appointed office areas, a spacious showroom ideal for showcasing products or services, and a large garage/shop area featuring four overhead doors, perfect for vehicle storage, equipment maintenance, or various industrial uses. The building also benefits from a sizable asphalt parking area, ensuring ample space for customers or employees. Adding to the property's versatility is a second building, a 1,800 square foot metal frame cold storage structure located behind the main building. This secondary building offers additional storage or could be adapted for a variety of uses depending on the buyer's needs. The entire property sits on a 0.72-acre lot, providing ample space for expansion or outdoor activities. The combined square footage of both buildings offers significant space for a competitive price, making this a truly unique opportunity for entrepreneurs and investors seeking a versatile and spacious commercial property in a convenient location. The property's existing infrastructure and layout provide a solid foundation for a wide range of commercial ventures. The possibilities are numerous, making this a compelling investment with significant potential for future growth and profitability.

Property profile
Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Year built 1946
Total area 4,000 SF
Lot 0.72 ac (31,200 SF)
APN 891902202001
UPID US25-1897218
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k
Owner & transaction history
Yellow Brick Road Properties LLC
Yellow Brick Road Properties LLC
since 2026
1 recorded transaction
2026
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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