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174 NE Main Street, New Albin, IA 52160

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For Sale

$360,000

4,400 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $81.82
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Investment Alert!! Check out this income producing property available in New Albin, IA. This property houses three newly updated apartments along with an event center and commercial kitchen. Updates include new flooring and appliances, new water heaters, furnace, AC and updated electrical and plumbing. Current rental income from the apartments totals $2200/month. The commercial side of the property consists of a bar area, commercial kitchen, covered patio. These was formally a successful bar and is now ready to rent out for events such as birthday parties or bachelor parties. Lots of potential areas to expand - The new owner could consider offering pizza and sandwiches for purchase from those using the splash pad or visiting town. How about opening for breakfast on the weekends? Or hosting a televised sporting event? Turn-key situation with the bar and kitchen. Letter of pre-qualification and minimum 24 hour notice required to view apartments.
MLS# 20244715

Courtesy Of Legacy Group REALTORS

(563) 568-0011

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Dock
  • Architecture Style
    Other
  • Exterior Type
    Wood Siding
  • Lot Size
    0.14 Acres
  • Roof Type
    Metal

Map and Directions

Directions to 174 NE Main Street, New Albin, IA 52160

Home seller CENTURY 21 The Professional Group

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 The Professional Group

(712) 732-2143
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Monthly Payment Breakdown

  • Principle and Interest
    $0
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $0

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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Copyright © 2025 Northeast 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. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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