149 Chestnut AveEarlham, IA 50072

For Sale
$160,000

Historic Main Street building, 2376 sq ft.

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional 2,376 square foot retail property, located at 149 S. Chestnut Ave in Earlham, Iowa, presents a unique investment opportunity. Built in 1900, this historic building boasts charming interior brick-face and offers ample space ideal for a variety of retail or office uses. The asking price is $160,000, translating to a price per square foot of $67.34. A pro-forma NOI of $14,400 projects a 9.00% cap rate based on a 5-year lease term. Recent improvements include new carpet and paint throughout the interior. The property's prime Main Street location in Earlham, IA, 50072, offers excellent visibility and accessibility. Furthermore, the building's historical character may qualify it for potential future grants designed to support downtown facade improvements and exterior enhancements. This presents a significant opportunity to enhance the property's value and curb appeal. The property is situated in Madison County, Iowa.

Highlights

  • Main Street, Earlham, IA location.
  • Potential for downtown facade grant funding.
  • Recently renovated with new carpet, paint, and interior finishes.
  • Building boasts historical significance.

Property Details for 149 Chestnut Ave

Property type
Other retail properties, Retail properties
Square Feet
2,376 SF
Year Built
1900

Location Insight

City
Earlham
County
Madison
State
Iowa
Latitude
41.4909535
Longitude
-94.1232925
149 Chestnut Ave, Earlham, Iowa

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149 Chestnut Ave
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