101 Market StOskaloosa, IA 52577

For Sale
$450,000

High-Return Mixed-Use Investment

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional 18,000-square-foot mixed-use building in Oskaloosa, Iowa, presents a compelling value-add investment opportunity. Priced at $450,000 ($25/sq ft), this 1910-constructed property boasts a prime downtown location at 101 S Market St, 52577, within the DC - Downtown Commercial zoning district. Currently operating at 100% occupancy with a diverse tenant mix including retail and residential units (Brown Shoes Fit occupies the ground floor, with apartments above), this property offers immediate cash flow. The building's strategic location ensures high visibility and foot traffic, maximizing rental income potential. The flexible layout allows for various usage options, catering to diverse investor preferences. Significant upside potential exists through submarket rent increases and modernization. This property, even featuring a loft showcased on HGTV, is ideal for investors seeking to capitalize on the strong potential for value appreciation in a thriving downtown area. The NNN lease structure minimizes landlord responsibilities. This multi-tenant building offers a blend of commercial and residential income streams, enhancing overall investment stability and return. The property's proximity to local amenities, businesses, and transportation hubs further enhances its appeal.

Highlights

  • Prime commercial real estate investment opportunity in Oskaloosa, IA.
  • Mixed-use building with Brown Shoes Fit occupying the ground floor and apartments above.
  • Excellent redevelopment potential with upside through rent increases and modernization.
  • High-traffic downtown location ensures strong visibility and foot traffic.
  • Diverse income streams from commercial and residential tenants.
  • Strong potential for value appreciation.

Property Details for 101 Market St

Property type
Other retail properties, Individual retail properties
Square Feet
18,000 SF
Year Built
1910
Buildings
1

Location Insight

City
Oskaloosa
County
Mahaska
State
Iowa
Latitude
41.295134
Longitude
-92.6454117
101 Market St, Oskaloosa, Iowa

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101 Market St
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