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115 Main Street E, Cherokee, IA 51012

$190,000

  • MLS# 834684
  • Bedrooms N/A
  • Bathrooms N/A
  • Total Sq.ft 5,800
  • Property Type Commercial
  • Basement No
  • Year Built 1919

Property Description

Turnkey mixed-use building in the heart of downtown Cherokee, offering a rare combination of stable commercial income and residential upside in one address. This well-positioned property features two fully leased commercial spaces on the ground floor, providing immediate, dependable cash flow from day one, along with three residential apartments above that add further rental income and long-term value. Ideally located on Main Street, the property benefits from strong foot traffic and visibility, making it an attractive spot for established commercial tenants and residential renters alike. Whether you're an investor looking to add a low-maintenance, income-producing asset to your portfolio, or an owner-operator interested in commercial space with built-in rental income to offset costs, this property checks the boxes: diversified income streams, downtown location, and minimal vacancy risk with all commercial units currently occupied.

Legal: E29' LOT 4 BLK 14 LEBOURVEAUS ADD 6420
Active

Property Information

  • 834684
  • $190,000
  • 115 E Main Street
  • Surrounding Areas/Other Areas
  • Cherokee
  • Cherokee
  • IA
  • Sale
  • Commercial
  • No
  • 5800
  • 25
  • 1919
  • 51012
  • 2184

LISTED BY

Gateway Real Estate Advisors, Nic Madsen (712.540.6562)

Property Location

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Legal: W 1/2 Lot 2 and E 1/2 Lot 3, Block 14, Lebourveau's Add. Cherokee Inc,, 034-092-040

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