2208 Broadway StGranger, IA 50109

Property Details for 2208 Broadway St

Year built

1905

Lot size

0.04 AC

Property size (Sq ft)

1,104 SF

Property type

Office buildings

APN

812203016

APU

812203016

Description

This exceptional 1,104-square-foot mixed-use property at 2208 Broadway Street in Granger, Iowa, presents a rare investment opportunity. Built in 1905 and extensively renovated in 2024, this single-story building offers a blend of executive office and storefront space, perfect for an owner-user. The property sits on a 1,950-square-foot lot and is zoned for commercial use. Inside, you'll find high ceilings, exposed original brick walls, and brand-new air conditioning. The space is ready for a buyer's personal touch, with the installation of flooring and paint left to the new owner's preferences. Exterior features include a spacious backyard area, ideal for creating a patio or other outdoor amenity. The building's recent updates, combined with its charming character and prime location in Granger, IA (zip code 50109), make it an attractive proposition for a variety of businesses. A lockbox is located at the rear door, providing convenient access. This property offers a unique chance to establish a thriving business in a desirable community. The previous owner completed renovations to open an ice cream shop, but pursued other opportunities. This presents a turnkey opportunity for a new business owner.

• CAP approach

  CAP return

  Valuation

  6%

  $192,452

  6.5%

  $177,648

  7%

  $164,959

• Comparable approach

  Method

  Valuation

  Relative Method

  $56,348

  Geo Method

  $56,348

• Alternative Use

  Use

  Valuation

  Residential

  $220,283

  Hospitality

  $201,778

  Educational

  $167,877

  Medical

  $173,651

  Retail

  $261,142

Location Insight

City

Granger

County

Dallas

State

Iowa

Latitude

41.7598

Longitude

-93.8208

CBSA code

19780

CBSA name

DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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