249 Center Street

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249 Center Street

Elgin, IA 52141
Asking Price
$225K
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 249 Center Street
  • Located in the town of Elgin, Iowa
  • Total asking price for the property is $225,000
  • Versatile layout suitable for various commercial retail uses
  • Situated within the 52141 zip code area

What's Special

Elgin provides a quiet, steady environment for small business operations within the broader Iowa landscape. Positioned at 249 Center Street, this retail storefront offers a functional footprint for local commerce. The property is well-suited for entrepreneurs looking to establish a presence in a central storefront setting where visibility and accessibility are foundational to daily business operations. This asset allows for various retail configurations, catering to a stable local demographic seeking goods and services within the immediate community. Prospective buyers will find this space adaptable for a range of professional or commercial storefront applications, benefitting from a location that maintains connection to the town's primary thoroughfares. The facility is priced at $225,000, presenting a clear path for business owners or investors focused on establishing or expanding a retail footprint in this region.

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NOI
$80,000
Cap Rate
35.56%
DSCR
5.99
Strong
Cash-on-Cash
98.73%
Monthly Payment
$1,113.177
Annual Cash Flow
$66,641.873

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