115 E Main Street, Cherokee, IA 51012
sale
$190,000
|
Other
Courtesy Of Gateway Real Estate Advisors
Turnkey mixed-use building in the heart of downtown Cherokee, offering a rare combination of stable commercial income and residential upside in one address. This well-positioned property features two fully leased commercial spaces on the ground floor, providing immediate, dependable cash flow from day one, along with three residential apartments above that add further rental income and long-term value. Ideally located on Main Street, the property benefits from strong foot traffic and visibility, making it an attractive spot for established commercial tenants and residential renters alike. Whether you're an investor looking to add a low-maintenance, income-producing asset to your portfolio, or an owner-operator interested in commercial space with built-in rental income to offset costs, this property checks the boxes: diversified income streams, downtown location, and minimal vacancy risk with all commercial units currently occupied.
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Property Features
- Age: Over 50 Years Old
- Legal Description: E29' LOT 4 BLK 14 LEBOURVEAUS ADD 6420
- MLSID: 834684
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