102 Iowa AveWashington, IA 52353

For Sale
$700,000

Historic 5-story office, 16,768 SF

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional five-story office building, situated at the heart of Washington, Iowa's vibrant downtown on the northeast corner of Washington Square, presents a unique investment opportunity. Originally constructed in 1912, this 16,768 square foot building boasts a prominent location within the city's retail, financial, and public gathering area. The building features a spacious layout with the first and second floors each encompassing 4,028 square feet, while the upper three floors offer 2,754 square feet each. Convenient elevator access serves all floors. Currently, the ground floor accommodates a blend of retail and office spaces, while the upper floors are dedicated to office use. While previously used as apartments, the top three floors are currently leased on a short-term basis, mirroring a similar arrangement for portions of the first and second floors. The property is zoned B-1 and sits on a 0.13-acre lot. The asking price is $700,000, translating to $47.71 per square foot. This presents a compelling opportunity to acquire a substantial, historically significant commercial property in a thriving Iowa community.

Highlights

  • Five-story, 16,768 SF office building in downtown Washington, IA.
  • Prominent location on the northeast corner of Washington Square.
  • Floor plates: 4,028 SF (1st & 2nd floors), 2,754 SF (3rd-5th floors); elevator access.
  • Mixed-use: ground floor retail/office, upper floors office (currently short-term leases).
  • B-1 zoning, 0.13-acre lot; $700,000 asking price ($47.71/SF).

Property Details for 102 Iowa Ave

Property type
Other office properties, Office properties
Square Feet
16,768 SF
Year Built
1912
Lot Size (sq. ft)
5,663 SF

Location Insight

City
Washington
County
Washington
State
Iowa
Latitude
41.2995579
Longitude
-91.6914174
102 Iowa Ave, Washington, Iowa

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102 Iowa Ave
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