112 1St StKnoxville, IA 50138

Property Details for 112 1St St

Year built

1945

Lot size

0.17 AC

Property size (Sq ft)

3,068 SF

Property type

Medical offices

Property subtype

Medical centers

APN

1073900000

APU

1073900000

Description

This exceptional 3,068 square foot commercial office building is ideally situated in the heart of Knoxville, Iowa, just one block from the town square. Its prime location ensures high visibility and significant foot traffic, making it an excellent opportunity for a variety of businesses. The property sits on a 0.17-acre lot and offers ample space adaptable to diverse business needs. Its proximity to major attractions significantly enhances its appeal. Located a short drive from Lake Red Rock, Iowa's largest lake, this property benefits from the year-round influx of tourists and outdoor enthusiasts. Furthermore, its convenient location near the renowned Knoxville Raceway, home to the Knoxville Nationals, guarantees a consistent stream of visitors throughout the year. This strategic positioning provides unparalleled access to a large and diverse customer base, presenting a unique opportunity to establish a thriving business within a vibrant community. The asking price for this exceptional property is $199,000. Don't miss this chance to own a cornerstone property in a thriving Iowa town.

• CAP approach

  CAP return

  Valuation

  6%

  $575,090

  6.5%

  $530,853

  7%

  $492,935

• Comparable approach

  Method

  Valuation

  Relative Method

  $156,591

  Geo Method

  $156,591

• Alternative Use

  Use

  Valuation

  Residential

  $658,257

  Hospitality

  $602,960

  Educational

  $501,656

  Medical

  $518,908

  Retail

  $780,353

Location Insight

City

Knoxville

County

Marion

State

Iowa

Latitude

41.3183

Longitude

-93.099

CBSA code

37800

CBSA name

PELLA, IA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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