218 Main Street, McGregor, IA 52157

McGregor
Local realty services provided by:ERA MyPro Realty
Listed by: colton day
Office: re/max gold
MLS#:2016669
Source:Metro MLS
218 Main Street,McGregor, IA 52157
$259,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$259,000

About this home

Prime mixed-use investment opportunity in the heart of downtown McGregor. This historic brick building features a main-level commercial storefront currently leased as a coffee shop and three residential apartments, creating multiple income streams in a highly visible Main Street location. The residential layout includes a newly remodeled one-bedroom, one-bath unit on the main level, an upstairs efficiency apartment, and a two-bedroom, one-bath unit with interior stairs and a private balcony. All units are in great condition and offer rustic charm consistent with the building?s character. Well maintained with newer HVAC systems and recent roof and plumbing updates. When fully leased, the property offers gross rental potential of approximately $34,800 annually. Strong opportunity for investors seeking income and long-term value in a desirable river town with consistent tourism and small-business activity.

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Home facts

  • Year built:1890
  • Listing ID #:2016669
  • Added:46 day(s) ago
  • Updated:April 06, 2026 at 03:05 PM

Rooms and interior

  • Basement Description:Full

Heating and cooling

  • Cooling:Forced Air
  • Heating:Forced Air, LP Gas

Structure and exterior

  • Year built:1890
  • Lot area:0.06 Acres
  • Construction Materials:Brick
  • Levels:2 Story

Schools

  • High school:Call School District
  • Middle school:Call School District
  • Elementary school:Call School District

Utilities

  • Water:Municipal Water
  • Sewer:Municipal Sewer

Finances and disclosures

  • Price:$259,000
  • Tax amount:$1,902 (2024)

Features and amenities

  • Amenities:Separate Electric Meters, Separate Gas Meters

Parking

  • Parking description:Outside
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