218 Main Street, Mcgregor, IA 52157
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218 Main Street, Mcgregor, IA 52157
218 Main Street, Mcgregor, IA 52157
218 Main Street, Mcgregor, IA 52157
218 Main Street, Mcgregor, IA 52157
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Listed by RE/MAX Gold • 608-306-2865
$ 259,000
Est. payment /mo
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218 Main Street Mcgregor, IA 52157

3 Beds

2 Baths

1,300 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Apartment building,2 story,Other

Listing Status Active

Purchase Type For Sale

Square Footage 1,300 sqft

Price per Sqft $199

MLS Listing ID 2016669

Bedrooms 3

Full Baths 2

Year Built 1890

Annual Tax Amount $1,902

Tax Year 2024

Lot Size 2,613 Sqft

Acres 0.06

Property Sub-Type Apartment building,2 story,Other

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.

Location

State IA

County Clayton

Area Iowa State

Zoning Commercial

Direction 200 Block of McGregor's Main Street

Rooms

Basement Full, Other foundation

Interior

Heating Forced air

Inclusions Washer, Dryer, Microwave, 3 Stoves, 3 Refridgerators, window ac

Heat Source Propane

Exterior

Parking Features Outside

Utilities Available Separate elec meters, Separate gas meters

Building

Water Municipal sewer, Municipal water

Structure Type Brick

Schools

Elementary Schools Call School District

Middle Schools Call School District

High Schools Call School District

School District Mfl Marmac


South Central Wisconsin MLS (SCWMLS)

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218 Main Street