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 youre 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...
Listed By
Agency Name: Gateway Real Estate Advisors
Agency Phone: 712-226-8000
Shown By
Agent Name: Scott Miller
Agent Phone: (712) 251-2121
Agency Title: United Real Estate Solutions
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115 E Main Street | MLS# 834684
This commercial property located at 115 E Main Street, Cherokee, IA 51012 is currently listed for sale with an asking price of $190,000. Search Cherokee real estate on scottmiller.unitedrealestatesolutions.com today.