Share This Listing

Message

953 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the brokers for more information about this property

Quillin's 808 S Main St 12,400 SF Retail Building Monona, IA 52159 $552,000 ($44.52/SF) 8.40% Cap Rate

Save this listing!

Favorite this listing to get notified of price updates, new media and more

INVESTMENT HIGHLIGHTS

  • Bite-Sized Price Point | M-T-M Lease | Cheap Rent-to-square foot
  • Located in the Heart of Monona | Minimal Competition
  • NN+ Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
  • Strong Demographics In 5-Mile Trade Area

EXECUTIVE SUMMARY

The tenant, Quillin’s, is set to vacate in January 2026, creating a unique opportunity for investors. The current lease is on a month-to-month basis, with Quillin’s paying well below market rents at an average of $3.74 per square foot. This offers significant upside potential for investors to either redevelop the site or reposition it with a new tenant at market rates.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Service Station
Building Size
12,400 SF
Building Class
C
Year Built
1988
Price
$552,000
Price Per SF
$44.52
Cap Rate
8.40%
NOI
$46,342
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.99 AC
Parking
56 Spaces (4.52 Spaces per 1,000 SF Leased)

AMENITIES

  • Corner Lot
  • Monument Signage

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 1st Floor
  • 12,400 SF
  • Retail
  • -
  • Jan 2026
Space Size Space Use Position Available
1st Floor 12,400 SF Retail - Jan 2026

1st Floor

Size
12,400 SF
Space Use
Retail
Position
-
Available
Jan 2026

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
22-36-14-436-001
Land Assessment
$72,358
Improvements Assessment
$468,919
Total Assessment
$541,277
  • Listing ID: 36667176

  • Date on Market: 7/9/2025

  • Last Updated:

  • Address: 808 S Main St, Monona, IA 52159

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}