604 Sherman Ave, Ackley, IA 50601-1446
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.
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.