# 318 E Main Street, Lamoni, IA 50140 > **TL;DR:** commercial, $999,000, built 1978. Est. $5,342/mo. Listed 1106 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $999,000 | | Year Built | 1978 | | Lot Size | 43,560 sqft (1.00 acres) | | Property Type | Commercial (Apartment) | | Status | Active | | Days on Market | 1106 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $5,051 | | Estimated Insurance | $291 | | **Total** | **$5,342** | ## Property Highlights - Built in 1978 - 1.00 acre lot ## Description ### Agent Description 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. ## Location - **Address:** 318 E Main Street, Lamoni, IA 50140 - **County:** Decatur - **Coordinates:** 40.623959, -93.930027 - **Google Maps:** https://www.google.com/maps?q=40.623959,-93.930027 ## Listing Agent - **Name:** Michael Powers - **Brokerage:** Power House Exclusive Real Estate Inc. - **Listing URL:** [View original listing](https://listings.listhub.net/pages/NCMLSIA/6311422/?channel=propsimple) ## Photos ![318 E Main Street - Photo 1](http://lh.rdcpix.com/4b4a721ae1dd78fcaa0777a6a73e48bel-f1033300727r.jpg) ![318 E Main Street - Photo 2](http://lh.rdcpix.com/4b4a721ae1dd78fcaa0777a6a73e48bel-f3321773614r.jpg) ![318 E Main Street - Photo 3](http://lh.rdcpix.com/4b4a721ae1dd78fcaa0777a6a73e48bel-f3492573633r.jpg) ![318 E Main Street - Photo 4](http://lh.rdcpix.com/4b4a721ae1dd78fcaa0777a6a73e48bel-f318769097r.jpg) ![318 E Main Street - Photo 5](http://lh.rdcpix.com/4b4a721ae1dd78fcaa0777a6a73e48bel-f1600815007r.jpg) ![318 E Main Street - Photo 6](http://lh.rdcpix.com/4b4a721ae1dd78fcaa0777a6a73e48bel-f16962314r.jpg) --- **MLS#:** 6311422 | **Updated:** 2026-09-22 **Source:** listhub *Copyright © 2026 NoCoast MLS. 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/318-e-main-street-lamoni-ia-50140-6311422) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/318-e-main-street-lamoni-ia-50140-6311422#listing", "url": "https://www.propertysimple.ai/listing/318-e-main-street-lamoni-ia-50140-6311422", "name": "318 E Main Street, Lamoni, IA 50140", "description": "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. 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