418 E Coolbaugh St - Storefront Retail/Residential FOR SALE


Red Oak, IA 51566
$350,000 USD
402-660-9078
418 E Coolbaugh St, Red Oak, IA for Sale
$350,000 USD
Storefront Retail/Residential - FOR SALE
1/27
null | Request Cap Rate

418 E Coolbaugh St
Red Oak, IA 51566


HIGHLIGHTS

  • Historic Victorian architecture with refreshed façade
  • Four residential units plus two commercial storefronts
  • Prime downtown location with strong local traffic
  • Reliable tenant base and consistent occupancy
  • Optional bundle with adjacent redevelopment property

OVERVIEW

This mixed-use opportunity in the heart of Red Oak offers investors a compelling combination of stable residential income and high-visibility commercial space. The property features four well-maintained two-bedroom apartment units, each with access to common-area laundry and individual storage closets located just outside the unit doors. In addition, the building includes two storefronts ready for tenant build out along a walkable downtown corridor with strong local traffic. Red Oak’s affordable housing market, loyal tenant base, and supportive business community contribute to reliable occupancy on both the residential and retail sides. This historic building showcases classic Victorian architectural elements that reflect Red Oak’s late-19th-century downtown character. Its detailed brickwork, tall windows, and traditional façade capture the craftsmanship and charm typical of the period. The façade was freshly painted in 2015 in traditional colors, preserving its historic character while giving it a refreshed, well-maintained appearance. Adding to its significance, the property was Red Oak’s original post office anchoring it in the town’s civic history. Buildings like this played a central role in early community life, serving not only as mail centers but also as gathering points and symbols of local progress. Its dual identity—as a Victorian-era commercial building and a former federal use—makes it a rare piece of Red Oak’s architectural and cultural heritage.

FOR SALE DETAILS

PRICE

$350,000 USD

PRICE/SF

$50 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

C, L

APN/PARCEL ID

600-62-83-260070-00

ASK ABOUT THIS PROPERTY

Lisa PringleBHGRE CommercialMore Info
402-660-9078

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Lisa PringleBHGRE CommercialMore Info
402-660-9078

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