Lamoni Multifamily Investment Opportunity—Potential for 17 Apartments Explore the investment potential of this apartment building in Lamoni, Iowa! The property features eight finished apartments—eight one-bedroom units and one three-bedroom unit—with space for eight additional apartments, offering the potential for 17 total units. Major improvements include a brand-new roof, a brand-new sprinkler system, and updated electrical work in finished units and rough-in electrical work in unfinished units. These upgrades provide a valuable foundation for an investor looking to complete the remaining units and expand the property’s rental potential. Located in a college town close to Interstate 35, this property combines convenient access with an opportunity to build a multifamily investment. Whether you’re growing an existing portfolio or taking on your next renovation project, this Lamoni property offers room to add value and pursue long-term income potential.
Position your business for success with this impressive 18,200-square-foot commercial building located along busy E Main Street in Lamoni. Offering tremendous floor space, excellent visibility, and a versatile layout, this property presents endless possibilities for entrepreneurs, investors, retailers, service businesses, and owner-users. The building features 7 private offices, updated A/C units, and a newly poured concrete loading dock designed to accommodate receiving and deliveries. An overhead garage door provides convenient access for loading and unloading, adding functionality for a wide variety of commercial uses. A successful business is currently operating from the property, providing a unique opportunity for an owner-user or investor to acquire a well-established commercial location with significant potential. The expansive interior offers the flexibility to maintain the existing operation, expand the current business, or transform the space to fit a new vision. With its high-visibility Main Street location, substantial square footage, office space, loading capabilities, and flexible layout, 610 E Main Street is a rare commercial opportunity in Lamoni. Bring your business plans and take advantage of the possibilities this property has to offer.
20 UNITS WITH ALL ONE BEDROOM WITH LAUNDROMAT ALL REMODELED AND IN EXCELLENT CONDITION. FULL COMMERCIAL LAUNDRY . 6 WASHING MACHINES AND 8 DRYERS. ALSO INCLUDES OFFICE AND OFFICE ELEVATOR. LISTING BROKER IS OWNER OF PROPERTY. PRICED AT SUBSTANTIAL REDUCTION BUT PRICE IS FIRM.AT 35K A DOOR PLUS LAU LAMONI IOWA IS HOME TO GRACELAND COLLEGE. NO OWNER FINNANCING AND MUST HAVE PROOF OF FUNDS AND PREAPPROVAL LETTER WHEN SUBMITTING AN OFFER. Owner may consider selling with 400k down and the 300k owner financed at 7 percent only 3 year balloon. Owner must approve AND PRICE SUPER FIRM.
Albert Wright Page, License B62241000, Xome Inc., License FO5635000, [email protected], 844-400-XOME (9663), 4471 North Billman Estates, Shelbyville, IN 46176
Listings courtesy of NoCoast MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of {{last updated}}. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.
Lamoni is located in Iowa. Lamoni, Iowa has a population of 2,285. Lamoni is less family-centric than the surrounding county with 26.5% of the households containing married families with children. The county average for households married with children is 32.77%.
The median household income in Lamoni, Iowa is $42,554. The median household income for the surrounding county is $52,753 compared to the national median of $69,021. The median age of people living in Lamoni is 27.7 years.
The average high temperature in July is 85.2 degrees, with an average low temperature in January of 14.2 degrees. The average rainfall is approximately 38.7 inches per year, with 22.3 inches of snow per year.
