The Kibbey Building in downtown Marshalltown presents a compelling mixed-use investment opportunity with stabilized income and unique historic character. Originally constructed in 1895, this property underwent a full restoration between 2016 and 2018, including replacement of all major systems such as electrical, plumbing, HVAC, roof membrane, and fire suppression. Today, it offers diversified revenue streams across three commercial suites and four loft-style residential apartments, each with two bedrooms. Occupancy has remained at 100% since completion, supported by CPI-escalating net leases on the commercial spaces that extend through 2028 and 2029, ensuring predictable cash flow for years ahead. Residential units add further income stability, generating over $55,000 annually. Included in the sale is the adjacent 0.15-acre Gallery Garden, a landscaped green space currently under deed restriction until 2032, with redevelopment rights restored thereafter. Located in Marshalltown’s central business district, the Kibbey Building benefits from E Main Street frontage, proximity to restaurants, retailers, financial institutions, and free public parking. With a purchase price of $760,000 and an 8.74% cap rate alongside a net operating income of $66,431, this property offers investors long-term upside in a market characterized by steady demand and moderate operating costs.