218 Main St, Mcgregor, IA 52157
- $259,000
Courtesy of Colton Day with RE/MAX Gold. 608-306-2865
- List Price
- $259,000
- Status
- ACTIVE
- MLS#
- 2016669
- Acres
- 0.06
- Year Built
- 1890
Property Description
Prime mixed-use investment opportunity in the heart of downtown McGregor. This historic brick building features a main-level commercial storefront currently leased as a coffee shop and three residential apartments, creating multiple income streams in a highly visible Main Street location. The residential layout includes a newly remodeled one-bedroom, one-bath unit on the main level, an upstairs efficiency apartment, and a two-bedroom, one-bath unit with interior stairs and a private balcony. All units are in great condition and offer rustic charm consistent with the building’s character. Well maintained with newer HVAC systems and recent roof and plumbing updates. When fully leased, the property offers gross rental potential of approximately $34,800 annually. Strong opportunity for investors seeking income and long-term value in a desirable river town with consistent tourism and small-business activity.
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Additional Information
- Architecture
- Apartment
- Style
- Apartment
- Garage Description
- Other
- School District
- Mfl Marmac
- Elementary School
- Call School District
- Middle School
- Call School District
- High School
- Call School District
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