217 1st St NW - Retail FOR SALE


Mount Vernon, IA 52314
$595,000 USD
319-731-3400
217 1st St NW, Mount Vernon, IA for Sale
$595,000 USD
Retail - FOR SALE
1/6
null | Request Cap Rate

217 1st St NW
Mount Vernon, IA 52314


HIGHLIGHTS

  • Previously approved brewery and restaurant concept completed by ownership.
  • Historic former fire station with adaptive reuse potential.
  • Dedicated off-street parking supports customer and employee access.
  • Architectural plans and renderings available to qualified buyers under NDA.

OVERVIEW

A rare opportunity to transform one of Mount Vernon's most iconic historic buildings. Located in the heart of downtown, this former fire station offers exceptional potential for a brewery, restaurant, retail, office, or other commercial use. Ownership has completed significant due diligence, including a brewery/restaurant concept that was fully designed and previously approved by the city, saving a future owner valuable time and expense. The current owner also previously secured Grayfield and IDEA grants, adding significant value to the redevelopment process. The property features dedicated off-street parking and the opportunity for outdoor patio space, rare amenities for a downtown property. Architectural plans and renderings are available to qualified Buyers upon execution of an NDA. Owner may also consider leasing to a qualified tenant. Contact Listing Agent for additional information and showing instructions. One member of the ownership entity is a licensed real estate agent in the State of Iowa.

FOR SALE DETAILS

PRICE

$595,000 USD

PRICE/SF

$136 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

CBD

APN/PARCEL ID

17103-11010-00000

ASK ABOUT THIS PROPERTY

Angie GlickGLD CommercialMore Info
319-731-3400

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Angie GlickGLD CommercialMore Info
319-731-3400

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.