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$190,000
Est. payment /mo
5,800 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 5,800 sqft
Price per Sqft $32
MLS Listing ID 834684
Year Built 1919
Annual Tax Amount $2,184
Tax Year 2025
Lot Size 3,049 Sqft
Acres 0.07
Property Sub-Type Commercial
Property Description
Turnkey mixed-use building in the heart of downtown Cherokee, offering a rare combination of stable commercial income and residential upside in one address. This well-positioned property features two fully leased commercial spaces on the ground floor, providing immediate, dependable cash flow from day one, along with three residential apartments above that add further rental income and long-term value. Ideally located on Main Street, the property benefits from strong foot traffic and visibility, making it an attractive spot for established commercial tenants and residential renters alike. Whether you're an investor looking to add a low-maintenance, income-producing asset to your portfolio, or an owner-operator interested in commercial space with built-in rental income to offset costs, this property checks the boxes: diversified income streams, downtown location, and minimal vacancy risk with all commercial units currently occupied.
Location
State IA
County Cherokee
Area Surrounding Areas/Other Areas
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Listed by Gateway Real Estate Advisors
Nearby School & Business
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