107 W Salem Avenue

Indianola, IA 50125

About this property

This is a rare opportunity to acquire a mixed-use property on the popular Indianola Square! With 7,445 sq. ft of Commercial use and 2 Residential units comprised of a studio apt. & a good-sized 2 bedroom apt., this property would be a valuable addition to your investment portfolio. The Commercial portion has separate H20, gas & electric. It offers (3) 1/2 baths and (1) 3/4 baths & an office. There is enough space to personalize or add more rental opportunities with a back door to the alley. Residential is all electric with window air conditioning and convenient, shared Laundry. Both units offers 1 full bath each. The 3rd level does provide an opportunity to convert the Commercial's 3rd level into another studio apartment...Sooo many options with this property!

About this property

This is a rare opportunity to acquire a mixed-use property on the popular Indianola Square! With 7,445 sq. ft of Commercial use and 2 Residential units comprised of a studio apt. & a good-sized 2 bedroom apt., this property would be a valuable addition to your investment portfolio. The Commercial portion has separate H20, gas & electric. It offers (3) 1/2 baths and (1) 3/4 baths & an office. There is enough space to personalize or add more rental opportunities with a back door to the alley. Residential is all electric with window air conditioning and convenient, shared Laundry. Both units offers 1 full bath each. The 3rd level does provide an opportunity to convert the Commercial's 3rd level into another studio apartment...Sooo many options with this property!

Features and Additional Information

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$315,000 Active
6,640 SqFt

Presented By Coldwell Banker Distinctive Properties Montrose

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Get in touch today! Phone: 1-970-249-2449
Brokerage
Iowa Realty South
1-515-453-6300
Listed By Brady Jackson
Brokerage: Iowa Realty South

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