Lisa Lynes
- Buy
- Sell
https://www.ruhlmortgage.com/BlakeEller.html
Description
Opportunity awaits with this versatile commercial building currently operating as retail but adaptable to a wide variety of uses including office, service-based business, or continued retail. Located on the city square, this building offers strong visibility and recent updates. This property offers both immediate income and future upside. The main level features a spacious retail area that the current owner can vacate within 30 days if needed, allowing flexibility for an owner-occupant or new tenant placement. A service elevator adds convenience and accessibility between levels. The property includes two occupied apartments, providing steady rental income: Unit 1: 2-bedroom (1 bath) with several additional non-conforming bedrooms Unit 2: 1-bedroom (1 bath) with 1 non-conforming bedroom Currently, the owner pays utilities, offering potential to increase cash flow by restructuring leases or separating utilities in the future. Rolled rubber roof replaced approximately 3 years ago Front exterior recently redone Grandfathered awning in place Two newer furnaces (installed in 2017) Whether you're looking to expand your business, invest in rental income, or reimagine the space entirely, this property offers flexibility, functionality, and future opportunity. Rental details available upon request.
Property Highlights
Property Type: Commercial - Investment
Year Built: 1885
General Information
County: Keokuk
Listed By:
Legacy Insurance & Real Estate
319-461-7455
No Coast MLS
MLS ID: 6335644
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105 E Marion Street, Sigourney, IA 52591.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $149,900 | $149,900 | $149,900 |
| Down Payment | $29,980 | $5,247 | $37,475 |
| Monthly Mortgage Amount | $690 | $847 | $896 |
| Taxes | $209 | $209 | $209 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $66 | $0 |
| Monthly Estimated Total | $999 | $1,222 | $1,205 |
Lisa Lynes
REALTOR®
Cell: (319) 330-5077
Licensed in IA
Iowa City Office
1075 Highway 1 West
Iowa City, IA 52246
(319) 351-7845
Iowa City, IA 52246
(319) 351-7845
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Listings courtesy of No Coast MLS as distributed by MLS GRID.
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