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About the Listing 23394 - 50460
Prime mixed-use investment opportunity in the heart of downtown McGregor. This historic brick building features a main-level commercial storefront currently leased as a coffee shop and three residential apartments, creating multiple income streams in a highly visible Main Street location. The residential layout includes a newly remodeled one-bedroom, one-bath unit on the main level, an upstairs efficiency apartment, and a two-bedroom, one-bath unit with interior stairs and a private balcony. All units are in great condition and offer rustic charm consistent with the building’s character. Well maintained with newer HVAC systems and recent roof and plumbing updates. When fully leased, the property offers gross rental potential of approximately $34,800 annually. Strong opportunity for investors seeking income and long-term value in a desirable river town with consistent tourism and small-business activity.
Listing Highlights
Status
Active With Contingency
Days on Site
103
Property Type
Multi-Family
MLS ®
2016669
Year Built
1890
Total Square Footage
700
Lot/Acreage
0.06
County
Clayton
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Full,Other foundation
- Other: Family/Rec rm,Eat-in kitchen,Balcony/patio,Air conditioning,Range/oven,Refrigerator,Washer/dryer,Individual heat control,Primary bedroom bath,In-unit laundry,Vaulted ceiling(s),Pantry,Shared basement
- Water:
Exterior Details
- Lot Description: 117608
- Garage Capacity: N/A
- Zoning: Commercial
- Roof:
- Others:
- Sewer:
- Parking Features: Street
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2024
Payment Calculator
Monthly Payment
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- in Taxes
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Questions About..
218 Main St McGregor, IA 52157
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