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Listed by RE/MAX Gold
$ 259,000
Est. payment | /mo
2,613 Sqft Lot
$ 259,000
Est. payment | /mo
2,613 Sqft Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality MCGREGOR
MLS Listing ID 2016669
Year Built 1890
Annual Tax Amount $1,902
Tax Year 2024
Lot Size 2,613 Sqft
Property Description
Prime mixed-use investment opportunity in the heart of downtown McGregor. This historic brick building features a main-level commercial storefront currently leased as a coffee shop and three residential apartments, creating multiple income streams in a highly visible Main Street location. The residential layout includes a newly remodeled one-bedroom, one-bath unit on the main level, an upstairs efficiency apartment, and a two-bedroom, one-bath unit with interior stairs and a private balcony. All units are in great condition and offer rustic charm consistent with the building?s character. Well maintained with newer HVAC systems and recent roof and plumbing updates. When fully leased, the property offers gross rental potential of approximately $34,800 annually. Strong opportunity for investors seeking income and long-term value in a desirable river town with consistent tourism and small-business activity.
Location
State IA
County Clayton
Zoning Commercial
Rooms
Basement Full
Interior
Heating Lp Gas, Lp Gas
Cooling Forced Air
Inclusions Washer, Dryer, Microwave, 3 Stoves, 3 Refridgerators, window ac
Exterior
Utilities Available Separate Electric Meters, Separate Gas Meters
Building
Dwelling Type Apartment Building,2 Story
Story 1 - 2
Sewer Municipal Water, Municipal Sewer
Structure Type Brick
New Construction N
Schools
Elementary Schools Call School District
Middle Schools Call School District
High Schools Call School District
School District Mfl Mar Mac
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