Huge Price Reduction! Discover an exceptional investment opportunity in downtown Fort Madison, Iowa with this historic commercial property featuring two storefronts totaling 4,624 sq. ft., currently housing the renowned Faeth's Cigar Storeâ??a neighborhood institution for over 100 yearsâ??as well as (4) 1-bedroom and (1) 2-bedroom apartments upstairs, all with original hardwood floors and built-ins awaiting refurbishment. The main floor boasts high tin ceilings and charming original woodwork, offering a versatile space ideal for retail, offices, restaurant or showrooms. The adjoining graveled lot provides ample parking and could also serve as an outdoor venue, enhancing its appeal for various business opportunities. This property presents the ideal blend of income generation potential and historic charm, with the option to purchase as a turnkey business, making it a rare find in downtown real estate. Don't miss outâ??contact us today to explore this unique opportunity further.
Discover an incredible opportunity in the heart of downtown Fort Madison! This versatile commercial building is ready to host your next venture. With significant recent upgrades, it's the perfect canvas to launch a new business or mixed-use space. Recent modern upgrades include a new membrane roof that ensures long-term protection and reduced maintenance costs. The electrical service has been updated to meet current standards, ready to support your business's needs. An attractive refreshed facade, front door, and windows offer excellent curb appeal. Inside, spray foam insulation provides superior energy efficiency and comfort, while restrooms are framed with new plumbing, allowing you to finish them to your specific requirements. A unique feature of this property is its residential potential. The city permits up to 50% of the building's back half to be used as a residence, providing an excellent live-work opportunity or an additional income stream. The building also includes two convenient parking spaces at the back. This property is ideal for retail, office space, studios, or even a café. The residential allowance adds further flexibility. With essential upgrades already completed, you can focus on tailoring the interior to suit your business needs. Whether youâ??re an entrepreneur looking to launch your next business or an investor seeking a mixed-use opportunity, this building offers endless possibilities. Donâ??t miss out! Call your favorite Realtor today!
Business Opportunity Awaits! Prime Location! Many updates to the building have already been done & plenty of fixtures will remain! Call your agent for a private appointment please. Lots of paved parking space, great commercial building with high visibility and centrally located, check it out!
This is a huge 4390 sg. ft. space on the main floor. So many options, could be divided into many small boutiques or one large space. There is a bar with sink on the east side of main floor. Also has a bath on the main level. The owners did a very nice job bringing the space up to date and is one of the nicest interiors downtown. The second level also has 4390 sq. ft. and includes 2 huge, 2 bedroom/1 bath apartments with living and kitchen open floor plans. There are also 2 storage rooms on the 2nd level. There is also a huge 3rd floor that could be finished off. Plus parking in back. Since purchasing owners have put new roof, 2 furnaces, 2 central air units, security cameras, updated bath on main level. Cameras do work but need to be hooked to wifi. This building would be a great investment with 2 apartments upstairs that have great cash flow.
Professional office space offered for sale next to downtown Fort Madison. Many upgrades over the years. Multiple offices, conference space, built-ins throughout, easily accessible for clients with some off-street parking. There is a nice reception area immediately upon entrance to the building, a kitchenette area available, 2 restrooms, gas-forced air heat, and central air. This could be the space your business has been looking for, or maybe this is the investment you've wanted.
The median home value in Fort Madison, IA is $99,750. This is lower than the county median home value of $112,200. The national median home value is $338,100. The average price of homes sold in Fort Madison, IA is $99,750. Approximately 63.75% of Fort Madison homes are owned, compared to 23.16% rented, while 13.09% are vacant. Fort Madison 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 Fort Madison real estate agent to arrange a tour today!
Fort Madison, Iowa has a population of 10,340. Fort Madison is more family-centric than the surrounding county with 25.57% of the households containing married families with children. The county average for households married with children is 24.31%.
The median household income in Fort Madison, Iowa is $45,713. The median household income for the surrounding county is $54,258 compared to the national median of $69,021. The median age of people living in Fort Madison is 42.9 years.
The average high temperature in July is 86.3 degrees, with an average low temperature in January of 16.7 degrees. The average rainfall is approximately 39.3 inches per year, with 21.3 inches of snow per year.