266 Main StLansing, IA 52151

Property Details for 266 Main St

Year built

1916

Lot size

0.03 AC

Property size (Sq ft)

1,610 SF

Property type

Bars

Property subtype

Pubs

APN

829426028

APU

829426028

Description

This 1,210 square foot mixed-use storefront property at 266 Main Street, Lansing, Iowa, 52151 is available for $195,000. Currently vacant, this Class C building offers a unique opportunity. Previously operating as a successful short-term rental and banquet hall, "The Little Nashville," it boasts a proven track record and existing bookings. The property's location in the charming river town of Lansing, Allamakee County, provides access to both local and tourist markets. The turnkey nature of the business allows for immediate operation or expansion of existing services. The property's versatility allows for various uses, making it an attractive investment in Northeast Iowa's vibrant tourism sector. The building's 1,210 square feet provide ample space for a variety of commercial ventures. This is a rare chance to acquire a profitable, established business in a desirable location. The property is ready for a new owner to capitalize on its potential. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $389,585

  6.5%

  $359,617

  7%

  $333,930

• Comparable approach

  Method

  Valuation

  Relative Method

  $207,079

  Geo Method

  $207,079

• Alternative Use

  Use

  Valuation

  Residential

  $303,350

  Hospitality

  $277,867

  Educational

  $231,182

  Medical

  $239,133

  Retail

  $359,617

Location Insight

City

Lansing

County

Allamakee

State

Iowa

Latitude

43.362

Longitude

-91.2166

Property Tax & Assessments

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