323 Reed StRed Oak, IA 51566

For Sale
$350,000

Historic Bank Building, 7,655 SF

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional investment opportunity presents a historic two-story bank building located at 323 E Reed St in Red Oak, Iowa. Boasting 7,655 square feet, this single-unit property is situated on a highly visible corner lot directly across from the Montgomery County Courthouse, offering unparalleled exposure and accessibility. Built in 1880 and renovated in 1960, the building presents a blend of historical charm and updated functionality. The asking price is $350,000, translating to a price per square foot of $45.72. The property includes a dedicated on-site parking lot, a significant advantage in a high-traffic area. This prime location, combined with the building's substantial size and historical significance, makes it an ideal investment for a variety of uses. The property's convenient location and ample parking make it an attractive option for businesses seeking high visibility and accessibility. The building's history and unique character offer a compelling opportunity for adaptive reuse or continued operation as a financial institution. Serious inquiries are encouraged to explore the potential of this remarkable property. The zip code is 51566.

Highlights

  • $350,000 asking price for a 7,655 SF retail bank building.
  • Located at 323 E Reed St, Red Oak, IA 51566.
  • Features one unit in a two-story building, built in 1880 and renovated in 1960.
  • $45.72 price per square foot.
  • Excellent corner location across from the County Courthouse with on-site parking.

Property Details for 323 Reed St

Property type
Other retail properties, Individual retail properties
Square Feet
7,655 SF
Year Built/Renovated
1880/1960
Buildings
1
Stories
2
Units
1

Location Insight

City
Red Oak
County
Montgomery
State
Iowa
Latitude
41.00970927
Longitude
-95.22822736
323 Reed St, Red Oak, Iowa

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323 Reed St
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