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106 NE 2nd St 1,375 SF 100% Leased Retail Building Stuart, IA 50250 $165,000 ($120/SF)



Investment Highlights
- Fully renovated commercial property with modern interior finishes.
- High-visibility downtown frontage with large display windows.
- New roof installed in 2021 along with updated building systems.
- High-visibility downtown frontage with large display windows.
Executive Summary
Located in downtown Stuart, Iowa, 106 NE 2nd Street presents an opportunity to acquire a fully renovated commercial property positioned along a visible downtown corridor. The property features updated building systems and modern interior finishes, creating a turnkey environment suitable for a variety of commercial uses. The flexible floor plan supports retail, office, salon, boutique, event venue, café, and other business concepts, allowing future ownership to adapt the space to evolving market needs.
Recent capital improvements include a new roof installed in 2021, a new HVAC system, updated electrical and plumbing systems, modern lighting, fresh paint, and updated flooring. Additional interior features include a private office, kitchen area, ADA-accessible restroom, and a unique walk-in vault. The renovations emphasize functionality while maintaining a professional appearance that can accommodate a range of owner-user or investment strategies.
The property benefits from high-visibility street frontage with large display windows and direct exposure to downtown traffic. Ample street parking is available immediately in front of the building, supporting customer convenience and accessibility. Its downtown location places the property among established local businesses that contribute to pedestrian activity and daily visitation within the commercial district. Combined with recent renovations and flexible usability, the property offers a ready-to-occupy commercial environment within one of southwest Iowa's established downtown business districts.
Recent capital improvements include a new roof installed in 2021, a new HVAC system, updated electrical and plumbing systems, modern lighting, fresh paint, and updated flooring. Additional interior features include a private office, kitchen area, ADA-accessible restroom, and a unique walk-in vault. The renovations emphasize functionality while maintaining a professional appearance that can accommodate a range of owner-user or investment strategies.
The property benefits from high-visibility street frontage with large display windows and direct exposure to downtown traffic. Ample street parking is available immediately in front of the building, supporting customer convenience and accessibility. Its downtown location places the property among established local businesses that contribute to pedestrian activity and daily visitation within the commercial district. Combined with recent renovations and flexible usability, the property offers a ready-to-occupy commercial environment within one of southwest Iowa's established downtown business districts.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
1,375 SF
Building Class
C
Year Built
1911
Price
$165,000
Price Per SF
$120
Percent Leased
100%
Building Height
1 Story
Building FAR
0.79
Lot Size
0.04 AC
Zoning
C
Frontage
28’ on Northeast 2nd Street
Fairly walkable
50/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $119,400 | |
| Land Assessment | $9,100 | Total Assessment | $128,500 |
Property Taxes
Parcel Numbers
Land Assessment
$9,100
Improvements Assessment
$119,400
Total Assessment
$128,500
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106 NE 2nd St
