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Property profile & analytics
OFF-MARKET
Commercial real estate

708 47th Ave Amana, IA 52203-8031

1,966 SF 0.31 ac lot Built 1854
Individually Owned 3-yr Hold ~ Est. High Equity
Property ID
US25-0059806
Property summary
AI-generated overview

This exceptional mixed-use property in the heart of historic Amana, Iowa presents a rare investment opportunity. Situated on a 0.31-acre lot at 708 47th Avenue, this building offers a versatile first-floor commercial space perfectly suited for a variety of retail uses, such as a boutique shop, art gallery, or cafГ©. The prime location within Amana's town center ensures high visibility and accessibility to both residents and the many tourists drawn to the area's rich history and unique charm. Ample parking is readily available nearby. Above the commercial space, a cozy and comfortable residential unit provides a charming living space. This upper unit is ideal for owner occupancy, offering a convenient live-work lifestyle, or it could be utilized as a short-term rental to generate additional income, capitalizing on the consistent tourist traffic. The property's blend of commercial and residential space provides a unique opportunity to own a piece of Amana's heritage while establishing a thriving business and enjoying a comfortable living environment. The asking price for this remarkable property is $174,950. Don't miss this chance to own a piece of Amana's history and create your ideal lifestyle.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1854
Construction FRAME
Total area 1,966 SF
Lot 0.31 ac (13,504 SF)
APN 1040-0608-1
UPID US25-0059806
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
Current use
Occupant on record · Public records
  • Iron horizon Home Decor Store Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Linda S Taylor · 3 yrs held
Linda S Taylor
since 2022
Last sale
$119,000
1 recorded transaction
2022
$119,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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