203 Adams StCreston, IA 50801

Property Details for 203 Adams St

Year built

1885

Lot size

0.04 AC

Property size (Sq ft)

3,293 SF

Property type

Medical offices

Property subtype

Medical centers

APN

501461022

APU

501461022

Description

This exceptional Creston, IA commercial property, located on Adams Street in the Uptown district, offers 6,400 square feet of versatile space. The main floor, totaling 3,200 square feet, has undergone a recent remodel, featuring a large reception area with storefront windows, a sizable attached office, ten individual offices, a spacious conference room, two bathrooms, laundry hookups/room, and a kitchen/lounge area. The modern updates include new lighting, plumbing, and interior finishes, making it ideal for healthcare, multiple businesses, or independent rental spaces. The adaptable design allows for easy conversion to prime retail space. Upstairs, an additional 3,200 square feet of unfinished space awaits, boasting high ceilings, large windows, and original brick walls, offering a unique opportunity for a designer's vision, whether commercial or residential. This upper level overlooks the historic Creston Depot. The exterior has been meticulously restored, showcasing repairs to the original facade and new windows. This property presents a rare opportunity to own a significant piece of Creston's vibrant downtown. The asking price is $395,000.

• CAP approach

  CAP return

  Valuation

  6%

  $576,938

  6.5%

  $532,558

  7%

  $494,518

• Comparable approach

  Method

  Valuation

  Relative Method

  $168,075

  Geo Method

  $168,075

• Alternative Use

  Use

  Valuation

  Residential

  $660,372

  Hospitality

  $604,897

  Educational

  $503,267

  Medical

  $520,575

  Retail

  $782,860

Location Insight

City

Creston

County

Union

State

Iowa

Latitude

41.0576

Longitude

-94.3629

Property Tax & Assessments

FAQs

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