501 Lake StBlairsburg, IA 50034

Property Details for 501 Lake St

Year built

1975

Construction

WOOD FRAME

Lot size

0.35 AC

Property size (Sq ft)

1,960 SF

Property type

Office properties

APN

40892435254015

APU

40892435254015

Description

This exceptional mixed-use property, situated on a 0.3-acre lot in the heart of downtown Blairsburg, Iowa, presents a unique investment opportunity. Located at 501 Lake Street, its central location offers unparalleled accessibility and visibility. The building's versatility allows for a wide range of potential uses, making it an ideal choice for entrepreneurs and investors alike. Whether you envision a small business venture, a storage facility, or a combination of uses, this property provides the flexibility to adapt to your specific needs. The property's size, while not specified in square footage, offers ample space for various configurations. Its prime downtown location ensures high foot traffic and easy access for customers and clients. The asking price of $25,000 represents a compelling value for a property with such significant potential in a thriving community. This is a rare opportunity to acquire a versatile commercial property in a desirable location at an attractive price point. Don't miss out on this chance to establish your business or expand your investment portfolio in the vibrant town of Blairsburg. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $322,638

  6.5%

  $297,819

  7%

  $276,546

• Comparable approach

  Method

  Valuation

  Relative Method

  $100,038

  Geo Method

  $100,038

• Alternative Use

  Use

  Valuation

  Residential

  $369,296

  Hospitality

  $338,273

  Educational

  $281,439

  Medical

  $291,118

  Retail

  $437,794

Location Insight

City

Blairsburg

County

Hamilton

State

Iowa

Latitude

42.4808

Longitude

-93.6425

Property Tax & Assessments

FAQs

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