604 8Th StGrundy Center, IA 50638

Property Details for 604 8Th St

Year built

1920

Construction

CONCRETE BLOCKS

Lot size

0.08 AC

Property size (Sq ft)

3,190 SF

Property type

Investment properties

Property subtype

Live-work space

APN

871712263003

APU

871712263003

Description

This unique mixed-use building in Grundy Center, Iowa, presents a compelling investment opportunity at an asking price of $99,500. Located at 604 8th St, zip code 50638 (42.3622003, -92.7737272), this property offers a versatile layout suitable for a variety of commercial ventures. The main floor provides ample space adaptable to office, retail, or storage uses, catering to diverse business needs. The upper level features an apartment, ideal for rental income generation or conversion into an Airbnb, adding another revenue stream. This presents a chance to establish a thriving business in a well-situated location within Grundy County. The property's flexibility allows for creative business strategies, maximizing its potential for return on investment. The building's substantial space and adaptable design make it an attractive option for entrepreneurs seeking a multi-faceted commercial property in a growing community. This is a rare opportunity to acquire a mixed-use building with significant upside potential in a desirable Iowa location. Serious inquiries are encouraged to explore the full range of possibilities this property offers. The building is classified as a traditional office space within a mixed-use context, offering a blend of commercial and residential elements.

• CAP approach

  CAP return

  Valuation

  6%

  $525,109

  6.5%

  $484,716

  7%

  $450,094

• Comparable approach

  Method

  Valuation

  Relative Method

  $162,818

  Geo Method

  $162,818

• Alternative Use

  Use

  Valuation

  Residential

  $601,048

  Hospitality

  $550,557

  Educational

  $458,057

  Medical

  $473,810

  Retail

  $712,533

Location Insight

City

Grundy Center

County

Grundy

State

Iowa

Latitude

42.3622

Longitude

-92.7737

CBSA code

47940

CBSA name

WATERLOO-CEDAR FALLS, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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