218 Main Street, McGregor, IA 52157

McGregor
Local realty services provided by:Better Homes and Gardens Real Estate Special Properties
Listed by: colton day
Office: re/max gold
MLS#:2016669
Source:Metro MLS
218 Main Street,McGregor, IA 52157
$229,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$229,000

About this home

INVESTMENT OPPORTUNITY IN DOWNTOWN MCGREGOR! Located right on Main Street, this mixed-use property offers multiple income streams with commercial space on the main level and three residential apartments. When fully leased, the property offers gross rental potential of approximately $34,800 annually. Whether you're looking to expand your rental portfolio, operate your own business while generating rental income, or take on a value-add investment, this property offers plenty of potential in the heart of historic McGregor. The property is currently being offered AS-IS and has been priced to reflect its present condition. Known roof leakage is present, and the seller is offering buyers the opportunity to purchase at the current price before repairs are completed. If the seller elects to complete repairs, the listing price is subject to increase accordingly. Bring your ideas and take advantage of the opportunity to purchase this versatile Main Street property at its current AS-IS price.

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Home facts

  • Year built:1890
  • Listing ID #:2016669
  • Added:231 day(s) ago
  • Updated:October 07, 2026 at 04:05 PM

Rooms and interior

  • Basement Description:Full

Heating and cooling

  • Cooling:Forced Air
  • Heating:Forced Air, LP Gas

Structure and exterior

  • Year built:1890
  • Lot area:0.06 Acres
  • Construction Materials:Brick
  • Levels:2 Story

Schools

  • High school:Call School District
  • Middle school:Call School District
  • Elementary school:Call School District

Utilities

  • Water:Municipal Water
  • Sewer:Municipal Sewer

Finances and disclosures

  • Price:$229,000
  • Tax amount:$1,902 (2024)

Features and amenities

  • Amenities:Separate Electric Meters, Separate Gas Meters

Parking

  • Parking description:Outside
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