Commercial Sale For Sale

107 Salem Avenue, Indianola, Iowa 50125

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Property Description

This is a rare opportunity to acquire a mixed-use property on the popular Indianola Square! With 7,445 sq. ft of Commercial use and 2 Residential units comprised of a studio apt. & a good-sized 2 bedroom apt., this property would be a valuable addition to your investment portfolio.
The Commercial portion has separate H20, gas & electric. It offers (3) 1/2 baths and (1) 3/4 baths & an office. There is enough space to personalize or add more rental opportunities with a back door to the alley.
Residential is all electric with window air conditioning and convenient, shared Laundry. Both units offers 1 full bath each. The 3rd level does provide an opportunity to convert the Commercial’s 3rd level into another studio apartment…Sooo many options with this property!

Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Price : $315,000
Status : Active
Days On Market : 32
Year Built : 1890
Lot Area : 0.13 Acre
Features
Heating System : Forced air, Gas, Electric
Cooling System : Central Air, Window Unit(s)
Water/Sewer : Public Sewer
Construction
Roof Deck : Rubber
Foundation : Block
Zoning : C MR
Other
LotSizeArea : 0.13 Sqft
MLSAreaMajor : Indianola
LotSizeSquareFeet : 5,850 Sqft
TaxAnnualAmount : $5,986
BuildingAreaTotal : 6,640 Sqft
Insurance Fee : $0
Taxes : $0
Listing Office Info
Listing ID : 701231
List Office MLSID : SO
List Office Name : Iowa Realty South
List Agent Email : bradyjackson@iowarealty.com
List Agent Full Name : Brady Jackson
List Agent MLSID : 6425
List Agent Cell Phone : 515-453-6732
Location
Street Number : 107
Street Suffix : Avenue
Street : Salem
Country : US
State : IA
County : Warren
City : Indianola
Zipcode : 50125
Longitude : W94° 26' 19''
Latitude : N41° 21' 36.1''
Parcel Number : 48020170030
StreetDirPrefix : W
Directions : On the Indianola square: South of the Justice Center
Commercial Sale For Sale
  • Listing ID : 701231
  • Lot Area : 0.13 Acre
  • Visits : 36 in 32 days
$315,000
Agent info
Matt Karjalahti
RE/MAX Partners Realty
932 Main St., Grinnell, IA 50012
Contact Agent

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