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    OFF-MARKET
    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
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Yellow Brick Road Properties LLC
    Yellow Brick Road Properties LLC
    since 2026
    1 recorded transaction
    2026
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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