About This Home
This 0-bedroom, 0-bathroom commercial at 115 E Main Street in Cherokee, IA is listed for $190,000. Built in 1919, on a 0.07 acres lot.
Key Features
- Built in 1919
- 0.07 acre lot
Property Details
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.
Monthly Cost Estimate
$1,016/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
115 E Main Street
Cherokee, IA 51012
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 115 E Main Street is listed at $190,000. The estimated monthly payment is $1,016 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1919, 0.07 acre lot.
This property is listed by Nic Madsen and can be reached at 7125406562.
