300 Chestnut StElliott, IA 51532

For Sale
$295,000

Grain Storage & Salon - High Return Potential

Overview

Added:
Feb 3
Days on market:
37
This exceptional 1.88-acre mixed-use property at 300 Chestnut Street in Elliott, Iowa, presents a compelling investment opportunity. The property boasts a rich history, originally serving as the town's grain elevator. Now, it offers a unique blend of income-generating assets. Five grain bins provide substantial private grain storage capacity, totaling 285,000 bushels. This established storage operation offers immediate income potential and strong future prospects within the agricultural sector. Complementing the grain storage is a separate metal building currently leased to a thriving salon business. This adds a diversified revenue stream and demonstrates the property's versatility. The 1,800 square foot metal building is subject to existing tenant rights, requiring 24-hour notice for showings. This ensures the current tenant's business operations are not disrupted. The property's location in Elliott, Iowa, offers access to a strong agricultural market and provides a solid foundation for continued growth and profitability. This is a rare opportunity to acquire a well-established, income-producing property with significant potential for future expansion and development. The combination of established grain storage and a successful salon business makes this a truly unique and attractive investment. Serious inquiries are encouraged.

Property Details for 300 Chestnut St

Property type
Mixed-use properties, Other mixed-use properties
Square Feet
1,800 SF
Lot Size (sq. ft)
81,893 SF

Location Insight

City
Elliott
County
Montgomery
State
Iowa
Latitude
41.149
Longitude
-95.16132
300 Chestnut St, Elliott, Iowa

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300 Chestnut St
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