Property profile

918 1St St Sumner, IA 50674

OFF-MARKET
Retail properties & Spaces
Property ID
US25-1300370
6,222 SF 0.8 ac lot Built 1945
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Property summary

AI-generated overview

This exceptional Sumner, IA property presents a rare opportunity to acquire a thriving, long-established floral business and boutique. Located at 918 W 1st Street, this 6,222 square foot property sits on a 0.8-acre lot and offers significant potential for continued success and expansion. The current business, known for its high reputation and strong community ties, has operated continuously since the 1940s. The property includes a charming home at the front, currently used as office and storage space, complete with a kitchen. This residential component could easily be converted into a rental unit, generating additional income streams. The main retail area of the floral shop and boutique comprises approximately 1,500 square feet, providing ample space for displays and customer interaction. Beyond the retail space, the property boasts extensive greenhouse facilities, including a 475 square foot winter greenhouse on the main level, a 1,000 square foot greenhouse, and a 1,080 square foot heated garden center. Additional storage is available in the basement of the home, along with a walk-in cooler. A convenient garage provides further storage options. This turnkey operation offers a unique blend of established business, residential potential, and significant expansion opportunities, making it an ideal investment for a discerning buyer. The asking price is $155,000.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1945
Total area 6,222 SF
Lot 0.8 ac (34,848 SF)
UPID US25-1300370

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Florist

Location

918 1St St Sumner, IA 50674
Sumner metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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