# 115 E Main Street, Cherokee, IA 51012 > **TL;DR:** commercial, $190,000, built 1919. Est. $1,016/mo. Listed 6 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $190,000 | | Year Built | 1919 | | Lot Size | 3,049 sqft (0.07 acres) | | Property Type | Commercial (Other) | | Status | Active | | Days on Market | 6 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $961 | | Estimated Insurance | $55 | | **Total** | **$1,016** | ## Property Highlights - Built in 1919 - 0.07 acre lot ## Description ### Agent Description 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. ## Location - **Address:** 115 E Main Street, Cherokee, IA 51012 - **County:** Cherokee - **Coordinates:** 42.749571, -95.550441 - **Google Maps:** https://www.google.com/maps?q=42.749571,-95.550441 ## Listing Agent - **Name:** Nic Madsen - **Brokerage:** Gateway Real Estate Advisors - **Phone:** 7125406562 - **Broker Phone:** 7128988372 - **Listing URL:** [View original listing](https://listings.listhub.net/pages/NWIBRIA/834684/?channel=propsimple) ## Photos ![115 E Main Street - Photo 1](http://lh.rdcpix.com/484f2db1d7f9bdc47689c754be84fdefl-f3975736332r.jpg) ![115 E Main Street - Photo 2](http://lh.rdcpix.com/484f2db1d7f9bdc47689c754be84fdefl-f433175411r.jpg) ![115 E Main Street - Photo 3](http://lh.rdcpix.com/484f2db1d7f9bdc47689c754be84fdefl-f2425136227r.jpg) ![115 E Main Street - Photo 4](http://lh.rdcpix.com/484f2db1d7f9bdc47689c754be84fdefl-f753795891r.jpg) ![115 E Main Street - Photo 5](http://lh.rdcpix.com/484f2db1d7f9bdc47689c754be84fdefl-f616947109r.jpg) ![115 E Main Street - Photo 6](http://lh.rdcpix.com/484f2db1d7f9bdc47689c754be84fdefl-f375389589r.jpg) ![115 E Main Street - Photo 7](http://lh.rdcpix.com/484f2db1d7f9bdc47689c754be84fdefl-f1427177106r.jpg) ![115 E Main Street - Photo 8](http://lh.rdcpix.com/484f2db1d7f9bdc47689c754be84fdefl-f3600743426r.jpg) --- **MLS#:** 834684 | **Updated:** 2026-09-23 **Source:** listhub *Copyright © 2026 Northwest Iowa Regional Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/115-e-main-street-cherokee-ia-51012-a834684) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/115-e-main-street-cherokee-ia-51012-a834684#listing", "url": "https://www.propertysimple.ai/listing/115-e-main-street-cherokee-ia-51012-a834684", "name": "115 E Main Street, Cherokee, IA 51012", "description": "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.", "image": [ "http://lh.rdcpix.com/484f2db1d7f9bdc47689c754be84fdefl-f3975736332r.jpg", "http://lh.rdcpix.com/484f2db1d7f9bdc47689c754be84fdefl-f433175411r.jpg", "http://lh.rdcpix.com/484f2db1d7f9bdc47689c754be84fdefl-f2425136227r.jpg", "http://lh.rdcpix.com/484f2db1d7f9bdc47689c754be84fdefl-f753795891r.jpg", "http://lh.rdcpix.com/484f2db1d7f9bdc47689c754be84fdefl-f616947109r.jpg", "http://lh.rdcpix.com/484f2db1d7f9bdc47689c754be84fdefl-f375389589r.jpg", "http://lh.rdcpix.com/484f2db1d7f9bdc47689c754be84fdefl-f1427177106r.jpg", "http://lh.rdcpix.com/484f2db1d7f9bdc47689c754be84fdefl-f3600743426r.jpg" ], "primaryImageOfPage": { "@type": "ImageObject", "url": "http://lh.rdcpix.com/484f2db1d7f9bdc47689c754be84fdefl-f3975736332r.jpg", "caption": "115 E Main Street - Cherokee, IA" }, "datePosted": "2026-09-18T00:00:00+00:00", "dateModified": "2026-09-23T14:33:54.284593+00:00", "mainEntity": { "@type": "Place", "@id": "https://www.propertysimple.ai/listing/115-e-main-street-cherokee-ia-51012-a834684#property", "name": "115 E Main Street, Cherokee, IA 51012", "address": { "@type": "PostalAddress", "streetAddress": "115 E Main Street", "addressLocality": "Cherokee", "addressRegion": "IA", "postalCode": "51012", "addressCountry": "US" }, "geo": { "@type": "GeoCoordinates", "latitude": 42.749571, "longitude": -95.550441 }, "image": [ "http://lh.rdcpix.com/484f2db1d7f9bdc47689c754be84fdefl-f3975736332r.jpg", "http://lh.rdcpix.com/484f2db1d7f9bdc47689c754be84fdefl-f433175411r.jpg", "http://lh.rdcpix.com/484f2db1d7f9bdc47689c754be84fdefl-f2425136227r.jpg", "http://lh.rdcpix.com/484f2db1d7f9bdc47689c754be84fdefl-f753795891r.jpg", "http://lh.rdcpix.com/484f2db1d7f9bdc47689c754be84fdefl-f616947109r.jpg", "http://lh.rdcpix.com/484f2db1d7f9bdc47689c754be84fdefl-f375389589r.jpg", "http://lh.rdcpix.com/484f2db1d7f9bdc47689c754be84fdefl-f1427177106r.jpg", "http://lh.rdcpix.com/484f2db1d7f9bdc47689c754be84fdefl-f3600743426r.jpg" ], "identifier": { "@type": "PropertyValue", "propertyID": "MLS", "value": "834684" }, "additionalProperty": [ { "@type": "PropertyValue", "name": "Lot Size", "value": "0.07 acres" }, { "@type": "PropertyValue", "name": "Property Subtype", "value": "Other" }, { "@type": "PropertyValue", "name": "Property Type", "value": "Commercial" } ] }, "offers": { "@type": "Offer", "@id": "https://www.propertysimple.ai/listing/115-e-main-street-cherokee-ia-51012-a834684#offer", "url": "https://www.propertysimple.ai/listing/115-e-main-street-cherokee-ia-51012-a834684", "price": 190000, "priceCurrency": "USD", "businessFunction": "http://purl.org/goodrelations/v1#Sell", "availability": "https://schema.org/InStock", "seller": { "@id": "https://www.propertysimple.ai/listing/115-e-main-street-cherokee-ia-51012-a834684#agent" } }, "provider": { "@type": "Person", "@id": "https://www.propertysimple.ai/listing/115-e-main-street-cherokee-ia-51012-a834684#agent", "name": "Nic Madsen", "telephone": "7125406562", "worksFor": { "@type": "Organization", "@id": "https://www.propertysimple.ai/listing/115-e-main-street-cherokee-ia-51012-a834684#brokerage", "name": "Gateway Real Estate Advisors", "telephone": "7128988372" } } } ```