About 218 Main Street
INVESTMENT OPPORTUNITY IN DOWNTOWN MCGREGOR! Located right on Main Street, this mixed-use property offers multiple income streams with commercial space on the main level and three residential apartments. When fully leased, the property offers gross rental potential of approximately $34,800 annually. Whether you're looking to expand your rental portfolio, operate your own business while generating rental income, or take on a value-add investment, this property offers plenty of potential in the heart of historic McGregor. The property is currently being offered AS-IS and has been priced to reflect its present condition. Known roof leakage is present, and the seller is offering buyers the opportunity to purchase at the current price before repairs are completed. If the seller elects to complete repairs, the listing price is subject to increase accordingly. Bring your ideas and take advantage of the opportunity to purchase this versatile Main Street property at its current AS-IS price.
Features of 218 Main Street
| MLS® # | 2016669 |
|---|---|
| Price | $229,000 |
| Year Built | 1890 |
| Type | Multi Family |
| Status | Active |
| Detailed Status | Active |
| Net Taxes | $1,902 |
| Tax Year | 2024 |
Community Information
| Address | 218 Main Street |
|---|---|
| Area | Iowa State |
| City | McGregor |
| County | Clayton |
| State | IA |
| Zip Code | 52157 |
Amenities
| Utilities | Separate elec meters, Separate gas meters |
|---|
Interior
| Heating | Forced air |
|---|
Exterior
| Exterior | Brick |
|---|
School Information
| District | MFL MarMac |
|---|---|
| Elementary | Call School District |
| Middle | Call School District |
| High | Call School District |
Additional Information
| Zoning | Commercial |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Assessed Value | $128,982 |
| Year Assessed | 2025 |
Open House Information
Listing Details
| Office | RE/MAX Gold |
|---|---|
| Contact Info | 608-306-2865 |