Header Image

51012, IA Cherokee, 115 Main Street E

$190,000

  • MLS# 834684
  • Bedrooms N/A
  • Bathrooms N/A
  • Total Sq.ft 5,800
  • Property Type Commercial
  • Basement No
  • Year Built 1919

Property 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.

Legal: E29' LOT 4 BLK 14 LEBOURVEAUS ADD 6420
Active

Property Information

  • 834684
  • $190,000
  • 115 E Main Street
  • Surrounding Areas/Other Areas
  • Cherokee
  • Cherokee
  • IA
  • Sale
  • Commercial
  • No
  • 5800
  • 28
  • 1919
  • 51012
  • 2184

LISTED BY

Gateway Real Estate Advisors, Nic Madsen (712.540.6562)

Property Location

SIMILAR LISTING

426 CEDAR ST W, Cherokee, IA 51012
15
Status: Active

Welcome to this completely renovated 4-bedroom, 2-bathroom home where modern style meets comfort and functionality! This beautiful home has been thoughtfully updated from top to bottom, featuring new electrical and plumbing, a stunning new...

  • 834761MLS #
  • 2BATHS
  • 4BEDS
  • 1615SQFT
Listed by : REAL ESTATE SPECIALISTS OF STORM LAKE, INC, LISSETT LOPEZ (712.730.2606)
115 8TH ST N, Cherokee, IA 51012
33
Status: Active

Welcome to 115 N 8th Street in Cherokee, a move-in-ready home with distinctive 1926 architecture and a unique gambrel-roof-inspired design that gives this 1.5-story property a look and feel all its own. The main floor has received light updating...

  • 834785MLS #
  • 3BATHS
  • 3BEDS
  • 2075SQFT
Listed by : RASMUS REALTY & AUCTION, RUSTY RASMUS (712.261.1965)
223 Main St W, Cherokee, IA 51012
37
Status: Active

Commercial and Residential opportunity in downtown Cherokee!! This is a great opportunity to own a versatile property in the heart of town on W Main St. This property offers approximately 4.560 SQFT of space and the potential for multiple uses....

  • 834632MLS #
  • N/ABATHS
  • N/ABEDS
  • 4560SQFT
Listed by : RASMUS REALTY & AUCTION, BRIAN DECKER (712.225.4911)
115 10th Street S, Cherokee, IA 51012
Price Decreased
50
Status: Active

Charming & Well-Maintained 2-Story Home! This character-filled home offers an inviting open front porch, back deck, and a convenient corner-lot location. The main floor features an eat-in kitchen, spacious living room and dining room with...

  • 834482MLS #
  • 2BATHS
  • 4BEDS
  • 2289SQFT
Listed by : RASMUS REALTY & AUCTION, BRIAN DECKER (712.225.4911)
410 INDIAN ST, Cherokee, IA 51012
34
Status: Active

Welcome to 410 Indian Street in Cherokee! This ranch-style home is conveniently located on the northwest side of town, close to north-side shopping and restaurants, the new ball diamond and soccer field complex, and the elementary and middle...

  • 834328MLS #
  • 2BATHS
  • 3BEDS
  • 2125SQFT
Listed by : RASMUS REALTY & AUCTION, RUSTY RASMUS (712.261.1965)
431 SUMNER ST, Cherokee, IA 51012
Price Decreased
28
Status: Active

Charming 1910 single-story home with finished attic — updated kitchen & bath, double lot, detached garage. Beautifully maintained classic home welcomes you with a covered front porch and original hardwood floors. The main level offers comfortable...

  • 834047MLS #
  • 2BATHS
  • 3BEDS
  • 1247SQFT
Listed by : EXIT REALTY MIDWEST - CHEROKEE, STEPHANIE ZARR (712.225.9100)

Request Info For MLS #834684

Rachel Carlson - REALTOR/OWNER, Pricing Strategy Advisor (PSA)

Rachel Carlson

REALTOR/OWNER, Pricing Strategy Advisor (PSA)

Mortgage Calculator

This calculator will compute the monthly payment on a mortgage based upon figures you supply.

Subscribe To Our Newsletter

The newsletter is sent periodically and will update you on the latest real estate news and offers.