1131 Court AveMarengo, IA 52301

Property Details for 1131 Court Ave

Year built

2000

Lot size

0.22 AC

Property size (Sq ft)

8,320 SF

Property type

Retail space

APN

7328-1507-4

APU

732815074

Description

This exceptional commercial property, located at 1131 Court Avenue in the heart of Marengo, Iowa, presents a unique opportunity for a diverse range of businesses. Boasting a prominent location on the town square, this former retail store offers unparalleled visibility and convenient street parking, ensuring easy access for customers and employees. The property sits on a 0.22-acre lot and features a spacious, open floor plan, providing maximum flexibility for customization. The adaptable layout allows for a multitude of uses, making it ideal for retail operations, office spaces, or other commercial ventures. The absence of internal walls allows for creative design and efficient space planning to meet the specific requirements of any business. The high foot traffic associated with the central location promises significant exposure and potential for customer interaction. This property represents a rare chance to establish a thriving business in a vibrant and accessible location. The asking price is $275,000. The square footage is not currently specified. This property is ready for immediate occupancy and offers a strong foundation for future success. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $2,013,259

  6.5%

  $1,858,393

  7%

  $1,725,650

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,070,125

  Geo Method

  $1,070,125

• Alternative Use

  Use

  Valuation

  Residential

  $1,567,624

  Hospitality

  $1,435,935

  Educational

  $1,194,681

  Medical

  $1,235,768

  Retail

  $1,858,393

Location Insight

City

Marengo

County

Iowa

State

Iowa

Latitude

41.8001

Longitude

-92.0705

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].