# 905 S Washington Street, Bloomfield, IA 

> **TL;DR:** commercial, $1,200,000, built 1978.
> A/C. Est. $6,418/mo. Listed 142 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,200,000 |
| Year Built | 1978 |
| Lot Size | 152,460 sqft (3.50 acres) |
| Property Type | Commercial (Other) |
| Status | Active |
| Days on Market | 142 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $6,068 |
| Estimated Insurance | $350 |
| **Total** | **$6,418** |

## Key Amenities

- A/C

## Property Highlights

- Built in 1978
- 3.50 acre lot

## Description

### Agent Description
Rare value-add redevelopment opportunity with major upside potential. Situated on approximately 3.5 acres, this former motel property offers the ideal setup for an apartment conversion, workforce housing project, extended stay concept, or mixed-use redevelopment. The existing layout creates an opportunity to reposition the asset into income-producing multifamily units while leveraging the large site for future expansion, additional amenities, storage, parking, or new construction opportunities. Strong demand for affordable housing and rentals in the area makes this a compelling play for investors, developers, and operators looking for forced appreciation. In addition to the redevelopment parcel, the offering includes another parcel generating supplemental income, creating immediate cash flow while plans and improvements are underway.

## Location

- **Address:** 905 S Washington Street, Bloomfield, IA 
- **County:** Davis
- **Coordinates:** 40.740661, -92.410845
- **Google Maps:** https://www.google.com/maps?q=40.740661,-92.410845

## Listing Agent

- **Name:** Benjamin Grotzke
- **Brokerage:** LPT Realty, LLC
- **Phone:** 5157450425
- **Broker Phone:** (515) 669-4010

## Photos

![905 S Washington Street - Photo 1](http://lh.rdcpix.com/6ca303b200b8e603821e1f786121b0a5l-f3957063220r.jpg)

![905 S Washington Street - Photo 2](http://lh.rdcpix.com/6ca303b200b8e603821e1f786121b0a5l-f188013491r.jpg)

![905 S Washington Street - Photo 3](http://lh.rdcpix.com/6ca303b200b8e603821e1f786121b0a5l-f3685870504r.jpg)

![905 S Washington Street - Photo 4](http://lh.rdcpix.com/6ca303b200b8e603821e1f786121b0a5l-f3203511740r.jpg)

![905 S Washington Street - Photo 5](http://lh.rdcpix.com/6ca303b200b8e603821e1f786121b0a5l-f1370914664r.jpg)

---

**MLS#:** 741156 | **Updated:** 2026-09-25
**Source:** listhub

*Copyright © 2026 Des Moines Area Association of REALTORS®, Inc. 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/905-s-washington-street-bloomfield-ia-a741156)

---

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