600 Main StDonnellson, IA 52625

Property Details for 600 Main St

Year built

1911

Lot size

0.16 AC

Property size (Sq ft)

6,817 SF

Property type

Retail space

APN

01-33-07-32-437-0090

APU

13307324370090

Description

This exceptional commercial property located at 600 N Main Street, Donnellson, Iowa, presents a unique investment opportunity. Spanning three levels, this building offers a generous amount of space, ideal for a variety of commercial uses. High ceilings throughout create an open and inviting atmosphere, perfect for showcasing merchandise or creating a comfortable workspace. A key feature is the included mezzanine level, providing additional square footage that can be utilized as office space, storage, or a display area, depending on the business needs. The property also boasts a fully equipped commercial kitchen, making it suitable for restaurants, catering businesses, or any venture requiring food preparation facilities. A recent addition to the property is a large garage, offering ample space for storage, vehicle parking, or workshop activities. The lot size is 0.16 acres, providing sufficient space for the building and potential for outdoor use. Priced at $82,000, this property represents a significant value for its size, features, and location in Donnellson, Iowa. The building's versatile design and ample space make it an attractive option for entrepreneurs and investors seeking a blank canvas to develop their business vision. The property is ready for immediate occupancy and awaits its next owner to unlock its full potential.

• CAP approach

  CAP return

  Valuation

  6%

  $2,681,030

  6.5%

  $2,474,797

  7%

  $2,298,026

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,339,262

  Geo Method

  $1,339,262

• Alternative Use

  Use

  Valuation

  Residential

  $2,087,584

  Hospitality

  $1,912,216

  Educational

  $1,590,941

  Medical

  $1,645,656

  Retail

  $2,474,797

Location Insight

City

Donnellson

County

Lee

State

Iowa

Latitude

40.6436

Longitude

-91.5648

CBSA code

22800

CBSA name

FORT MADISON-KEOKUK, IA-IL-MO MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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