318 Locust St NE

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318 Locust St NE

Blairstown, IA 52209
Asking Price
$85K
Asset Type
Restaurant Office
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • The property is located in Blairstown, Iowa.
  • This asset features a total of 3,250 square feet.
  • The building is currently configured for office or restaurant use.
  • The asking price for this commercial building is 85,000 dollars.
  • The location is situated at 318 Locust St NE.

What's Special

Blairstown, Iowa, serves as a steady community within Benton County, providing a quiet environment that supports local enterprise and regional commerce. Positioned at 318 Locust St NE, this 3,250 square foot asset presents a functional layout for business owners seeking a foothold in the local market. The property is currently classified as office space but maintains the physical characteristics of a restaurant sub-type, offering flexibility for investors or end-users looking to repurpose the structure. Its location within this established municipality allows for accessibility to the surrounding residential and commercial pockets of Iowa. Entrepreneurs can leverage the existing square footage for various professional operations, ranging from administrative services to food service ventures. The building provides a clear canvas for buyers interested in acquiring a value-add property at a competitive price point in a traditional Midwestern setting.

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NOI
$80,000
Cap Rate
94.12%
DSCR
15.85
Strong
Cash-on-Cash
293.94%
Monthly Payment
$420.534
Annual Cash Flow
$74,953.597

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