109 S Marion Ave., Washington, IA 52353
sale
$175,000
|
Retail
Listed By CENTURY 21 Trinity
Located in the heart of downtown Washington, this versatile commercial building offers multiple income-producing possibilities. The main level features finished office space ideal for a professional business, retail operation, or service-based company. The finished lower level provides additional office or workspace, offering flexibility for expansion, storage, or multiple tenants. Above the commercial space, you'll find two one-bedroom apartments, creating an excellent opportunity for rental income while maintaining a thriving business presence below. Whether you're an investor seeking a mixed-use property or an entrepreneur looking to own your workspace while generating additional revenue, this downtown building offers endless potential. Conveniently located near local shops, restaurants, and community amenities, this property is positioned to take advantage of all that downtown Washington Iowa has to offer. Basement finished area adds an additional sq footage.
48 hour notice to show. Please call agent. Possession after Sept 1, 2026 Back porch is owned by 111 S. Marion. Do not use back steps. Shared front steps with apartments owned by 111. S Marion. Back hallway has an easement from 111 S Marion for escape route. (see attached docs) Asbestos in flooring on 1st floor. Central air upstairs does not work. Window units will stay. first taxes due will be in the fall of 2028. Likely it will change to Dual Class and the estimate on taxes due will be around $4,100 a year.
48 hour notice to show. Please call agent. Possession after Sept 1, 2026 Back porch is owned by 111 S. Marion. Do not use back steps. Shared front steps with apartments owned by 111. S Marion. Back hallway has an easement from 111 S Marion for escape route. (see attached docs) Asbestos in flooring on 1st floor. Central air upstairs does not work. Window units will stay. first taxes due will be in the fall of 2028. Likely it will change to Dual Class and the estimate on taxes due will be around $4,100 a year.
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Property Features
- Age: Over 50 Years Old
- Available Floors: 2
- Building Area: 2835.00 SF
- Cooling: Window A/C
- Cooling: Central A/C
- Cross Docks: N
- Exterior Description: Brick
- Exterior Description: Steel Frame
- Flooring: Wall to Wall Carpet
- For Auction: N
- Level Number: 2
- Lot Size Desc: Under 1/2 Acre
- Lot Size In Text: 0.06 Acres
- MLSID: 202603879
- Price Upon Request: N
- Property Use: Other Commercial
- Road Type: City / Town Street
- Road Type: County Street
- Sewer: City
- Style: Retail Business
- Sublease: N
- Water: City Water
- Year Built: 1908
- Zoning: Commercial
- Zoning: Commercial
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