Elgin IA Commercial for Sale

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Type:
General Commercial
Sq.Ft.:
4,892
Status:
Active
Beds:
n/a
Lot size:
0.1 Acres
Year built:
1945
Baths:
MLS#:
20243313

ADDITIONAL INFORMATION

Nestled in the charming town known as “Little Switzerland,” this property is strategically positioned near the Turkey River and Gilbertson’s campground in Elgin. The former Dotzy's restaurant, known for a unique penny mosaic floor and the 2019 Iowa Cattleman's Top 10 Burger. Ideal for prospective owners or savvy investors, the building boasts a 2-bedroom apartment and a 1-bedroom apartment at the rear of the first floor, both generating steady income. In 2021, the current owner invested in a new roof TPO membrane. Additionally, recent renovations include updated kitchen flooring and restoration of the second story to a usable space. So, secure your pre-approval today and contact your preferred real estate agent to discover everything this property has to offer.

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Albert Wright Page, License B62241000, Xome Inc., License FO5635000, [email protected], 844-400-XOME (9663), 4471 North Billman Estates, Shelbyville, IN 46176

Information is provided exclusively for consumers personal, non - commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2024 Northeast Iowa Regional Board of Realtors. All rights reserved. Information is deemed reliable but is not guaranteed.



Elgin Real Estate

The median home value in Elgin, IA is $169,000. This is higher than the county median home value of $118,200. The national median home value is $338,100. The average price of homes sold in Elgin, IA is $169,000. Approximately 70% of Elgin homes are owned, compared to 16.86% rented, while 13.14% are vacant. Elgin real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Elgin real estate agent to arrange a tour today!

Elgin, Iowa has a population of 779. Elgin is more family-centric than the surrounding county with 36.46% of the households containing married families with children. The county average for households married with children is 27.2%.

The median household income in Elgin, Iowa is $55,481. The median household income for the surrounding county is $50,973 compared to the national median of $69,021. The median age of people living in Elgin is 41.8 years.

Elgin Weather

The average high temperature in July is 82.8 degrees, with an average low temperature in January of 7.7 degrees. The average rainfall is approximately 36.6 inches per year, with 37.8 inches of snow per year.

Elgin Real Estate Market Conditions

  • Median sales price

    $169,000
    15.1% change since last quarter
  • # Active listings

    5
    30-day change

Elgin Schools and Demographics

Education near Elgin, IA

Metric City County
High School Graduates 96.03 92.57
College Degree - 2 year 13.23 11.75
College Degree - 4 year 15.12 17.2
Graduate Degree 2.08 3.39
Expenditures per Student 14,321 14,321
Students per Teacher 13.7 13.7

Elementary Schools near Elgin, IA

School Grades Students P/T Ratio ZIP
Cora B Darling Elementary/Middle School PK - 06 387 12.4 52162
Elkader Elementary School PK - 05 244 16 52043
Valley Elementary School PK - 06 238 14.1 52141
West Union Elementary School PK - 04 356 16 52175

Middle Schools near Elgin, IA

School Grades Students P/T Ratio ZIP
North Fayette Elementary Fayette Center 05 - 06 105 11.3 52142
North Fayette-Valley Middle School 07 - 08 158 12.7 52141

High Schools near Elgin, IA

School Grades Students P/T Ratio ZIP
Central Community Junior-Senior High School 06 - 12 236 15.8 52043
John R Mott High School 07 - 12 269 11.4 52162
North Fayette High School 09 - 12 359 13.3 52175

Demographics near Elgin, IA

Metric City County
Neighborhood Type Small Town
Population 779 19,582
Population Density 1,177 27
Median Age 41.8 43
People per Household 2.6 2.3
Median Household Income 55,481 50,973
Average Income per Capita 28,709 28,795