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    Property profile & analytics
    OFF-MARKET Estimated value $650,000
    Medical Office Space

    820 Smt St, Winterset, IA 50273-2206

    4,782 SF 0.48 ac lot Built 1969
    Individually Owned 2-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US25-1566842
    Property summary
    AI-generated overview

    This exceptional 4,782 square foot office building, situated on a spacious 2.55-acre lot in Winterset, Iowa, presents a compelling investment opportunity. Built in 1969 with a significant renovation in 2007, the property boasts a desirable location near the local hospital. Previously occupied by a physical therapy practice and a dental office, this versatile space is ideal for an owner-user or an investor seeking multiple tenants. The building features a new roof, convenient ADA access, and ample parking. The layout includes a walk-out lower level equipped with four overhead doors, offering significant storage or expansion potential. The property is zoned commercial and offers a flexible floor plan easily adaptable to various medical or traditional office uses. With its prime location, recent renovations, and substantial square footage, this property represents a rare opportunity in the thriving Winterset market. The asking price is $985,000, translating to $205.98 per square foot. The two-story building is situated at 820 W Summit St, Winterset, IA 50273.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 1969
    Total area 4,782 SF
    Lot 0.48 ac (20,995 SF)
    APN 820005200032000
    UPID US25-1566842
    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
    • E3 Millennium Therapy Services - Winterset Medical Clinic
    • Millennium Therapy Medical Clinic
    • Dr. Christopher W. Blanchard, DDS Dental Office
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $650k
    Owner & transaction history
    Christopher William Blanchard · 2 yrs held
    Christopher William Blanchard
    since 2024
    1 recorded transaction
    2024
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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