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Listed by Timothy Lalk • Century 21 Signature Real Estate-Waverly
$ 729,900
Est. payment | /mo
9,147 Sqft Lot
$ 729,900
Est. payment | /mo
9,147 Sqft Lot
Key Details
Property Type Commercial
Sub Type Office/Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20261588
Year Built 1968
Annual Tax Amount $12,422
Tax Year 2025
Lot Size 9,147 Sqft
Acres 0.21
Property Sub-Type Office/Retail
Property Description
Positioned in the heart of a thriving community directly across from Wartburg College, this property offers a rare opportunity to own a high-visibility, mixed-use asset with significant upside potential. Whether you continue operating the existing multi-office layout or reimagine the main level into a dynamic space designed to serve the evolving needs of the community and campus, the possibilities are wide open. The second floor features five residential units — four 2-bedroom, 1-bath apartments and one 1-bedroom, 1-bath apartment — providing steady rental income. Tenants enjoy access to a shared coin-operated laundry area, and each apartment is separately metered for added efficiency and ease of management. Major capital improvements include a new rubber roof (2024), updated windows (2019), and new furnaces and central air units (2014), offering peace of mind for years to come. This is a unique opportunity to invest in a prime location with built-in demand and long-term growth potential. Schedule your private showing today and explore the possibilities.
Location
State IA
County Bremer
Zoning C-2A
Interior
Heating Forced Air, Natural Gas, Radiant
Cooling Central Air, Multi Units
Flooring Concrete
Fireplace N
Exterior
Utilities Available Electricity Available, Natural Gas Available, Water Available, Sewer Available, Fiber Optics
View Y/N true
Roof Type Membrane
Building
Sewer Public Sewer
Structure Type Block
Others
Acceptable Financing NBR20261588
Listing Terms NBR20261588
Special Listing Condition Normal Sale
Nearby Locations
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Brokerage | License ID: T06463000