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Property profile & analytics
FOR SALE
Medical Office Space

820 W Summit St Winterset, IA 50273

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
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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