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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.

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

Property Taxes

Parcel Numbers
Multiple
  • 0001338700
  • 0001358900
Land Assessment
$9,100
Improvements Assessment
$119,400
Total Assessment
$128,500
  • Listing ID: 41315920

  • Date on Market: 7/16/2026

  • Last Updated:

  • Address: 106 NE 2nd St, Stuart, IA 50250

Contact the Sale Advisor

106 NE 2nd St

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