Remarks

Online Only Real Estate Auction! Discover an exceptional investment opportunity in downtown Fort Madison, Iowa with this historic commercial property featuring two storefronts totaling 4,624 sq. ft., currently housing the renowned Faeth's Cigar Store—a neighborhood institution for over 100 years—as well as (4) 1-bedroom and (1) 2-bedroom apartments upstairs, all with original hardwood floors and built-ins awaiting refurbishment. The main floor boasts high tin ceilings and charming original woodwork, offering a versatile space ideal for retail, offices, restaurant or showrooms. The adjoining graveled lot provides ample parking and could also serve as an outdoor venue, enhancing its appeal for various business opportunities. This property presents the ideal blend of income generation potential and historic charm, with the option to purchase as a turnkey business, making it a rare find in downtown real estate. Don't miss out—contact us today to explore this unique opportunity further. List price has no bearing on final sale price.

Details

MLS#: 6318554
Price: $149,000

Style: Business
Sq Ft: 4624
Year Built: 1910

County: Lee
Lot Size: 3 city lots
Tax Fee: 2552