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318 E Main StreetLamoni, IA 50140

Commercial · 1.00 Acres
$800,000 Active

318 E Main Street Overview

Time on Site:
1018 days
Visits:
239

20 UNITS WITH ALL ONE BEDROOM WITH LAUNDROMAT ALL REMODELED AND IN EXCELLENT CONDITION. FULL COMMERCIAL LAUNDRY . 6 WASHING MACHINES AND 8 DRYERS. ALSO INCLUDES OFFICE AND OFFICE ELEVATOR. LISTING BROKER IS OWNER OF PROPERTY. PRICED AT SUBSTANTIAL REDUCTION BUT PRICE IS FIRM.AT 35K A DOOR PLUS LAU LAMONI IOWA IS HOME TO GRACELAND COLLEGE. NO OWNER FINNANCING AND MUST HAVE PROOF OF FUNDS AND PREAPPROVAL LETTER WHEN SUBMITTING AN OFFER. Owner may consider selling with 400k down and the 300k owner financed at 7 percent only 3 year balloon. Owner must approve AND PRICE SUPER FIRM.

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318 E Main Street Facts & Features

  • Type Commercial
  • Lot 1.00 Acres

Details

General

Income/Expenses

  • Gross Income: 150000
  • Net Operating Income: 100200

Listing Information

  • Contingency: None

Building Information

  • Year Built: 1978

Business Information

  • Current Use: Commercial,Office,Laundromat

Location/Region

  • County Or Parish: Decatur
  • Postal City: Lamoni

Tax Information

  • Tax Annual Amount: 8192
  • Tax Year: 2022

General Information

  • Listing Terms: Conventional
  • Parcel Number: 1302700538
  • Possible Use: Diversified,Income,Other
  • Property Sub Type: Apartment
  • Property Type: Commercial Sale
  • Zoning: Business/Commercial

Interior

Parking Information

  • Garage Spaces: 0

General Information

  • Accessibility Features: Other
  • Heating: Ductless
  • Living Area Units: Square Feet

Exterior

Parking Information

  • Open Parking Spaces: 20
  • Parking Features: Common,Unassigned

Lot Information

  • Lot Size Acres: 1
  • Lot Size Dimensions: ONE HALF ACRE FOR 20 UNITS WHUCH INCLUDE ELEVATOR PLUS EMPTY LOT ONE HALF ACRE
  • Lot Size Square Feet: 43560
  • Lot Size Units: Acres
  • Water Source: Public

Building Exterior/Construction

  • Construction Materials: Brick

General Information

  • Number Of Units Total: 21
  • Sewer: City Sewer/Connected
  • Utilities: Electric Separate,Heating Separate,Hot Water Separate

318 E Main Street Neighborhood

Community

50140 (Lamoni) Demographics

29
Median Age
31
Population Density (per sq. mile)
54%
College Educated
$41,434
Estimated Median Income
609
Estimated Total Home Owners
510
Estimated Total Renters
54% / 46%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

318 E Main Street Monthly Cost

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$ %
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$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

318 E Main Street Market Data

Based on the last 30 days in this zip code

$130,000
Average List Price
$78
Average Price per Square Foot
0
Properties Sold
91
Average Days on Market
4
Properties for Sale
Calculations provided by Reliance Network

318 E Main Street History

Date Event Value Agent
2/9/2026Source: NoCoast MLS Price Reduction
$800,000 -19.9%
1/26/2026Source: NoCoast MLS Price Reduction
$999,000 -16.8%
4/7/2025Source: NoCoast MLS Price Increase
$1,200,000 71.4%
2/21/2025Source: NoCoast MLS Added to Database
February 21, 2025
Listing provided courtesy of Power House Exclusive Real Estate Inc.NoCoast MLS- MLS# 6311422MLS Provider