247 Center Street

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247 Center Street

Elgin, IA 52141
Asking Price
$47K
Asset Type
Storefront Retail
Class
Class B

AI Property Summary

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

  • Retail storefront available for purchase at 247 Center Street
  • Asset located in the municipality of Elgin, Iowa
  • Priced at 47,000 dollars for acquisition
  • Suitable for small business owners or retail investors
  • Property features a standard storefront design for visibility

What's Special

For sale at 247 Center Street in Elgin, Iowa, this retail storefront presents a functional space for an investor or an owner-occupier. The asset is situated within the small community of Elgin, where the property serves as a localized commercial point of interest. Investors seeking an entry-level commercial asset in a rural Midwestern setting may find this offering fits their portfolio strategy. The interior layout accommodates various retail operations or business services. Given the storefront configuration, the building is well-suited for a boutique retail shop, a professional service office, or a local service provider catering to the surrounding residents. Elgin remains a quiet, traditional municipality in Fayette County, providing a steady environment for business operations. This property provides a straightforward acquisition path for parties interested in establishing or expanding a footprint in a regional Iowa submarket.

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NOI
$80,000
Cap Rate
170.21%
DSCR
28.67
Strong
Cash-on-Cash
547.59%
Monthly Payment
$232.53
Annual Cash Flow
$77,209.636

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