115 Broad StReinbeck, IA 50669

Property Details for 115 Broad St

Year built

1909

Construction

BRICK

Lot size

0.06 AC

Property size (Sq ft)

1,870 SF

Property type

Office buildings

APN

871528204007

APU

871528204007

Description

This meticulously maintained 1,870 square foot office building is ideally situated in downtown Reinbeck, Iowa, at 115 Broad Street. Its prime location places it directly adjacent to Dig Inn on Main & Broad Street, ensuring high visibility and convenient access. The property boasts a recently replaced roof (2022) and a new HVAC system, minimizing maintenance concerns for the new owner. Parking is readily available with two dedicated stalls located at the rear of the building, supplemented by ample public street parking directly in front. The interior layout is highly functional and versatile, featuring an open office area with four workstations, three private offices providing individual workspaces, a dedicated conference room for meetings and presentations, and two convenient bathrooms. The flexible design makes this property suitable for a variety of office and retail uses, offering significant potential for diverse businesses. The 0.06-acre lot provides a manageable footprint, while the building's excellent condition and desirable location represent a compelling investment opportunity in the heart of Reinbeck. The asking price is $89,950.

• CAP approach

  CAP return

  Valuation

  6%

  $307,823

  6.5%

  $284,144

  7%

  $263,848

• Comparable approach

  Method

  Valuation

  Relative Method

  $95,445

  Geo Method

  $95,445

• Alternative Use

  Use

  Valuation

  Residential

  $352,338

  Hospitality

  $322,740

  Educational

  $268,516

  Medical

  $277,751

  Retail

  $417,692

Location Insight

City

Reinbeck

County

Grundy

State

Iowa

Latitude

42.3251

Longitude

-92.5981

CBSA code

47940

CBSA name

WATERLOO-CEDAR FALLS, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].