217 1st St NW, MtVernon, IA 52314
Linn County
Key Facts
Description
A rare opportunity to transform one of Mount Vernon's most iconic historic buildings. Located in the heart of downtown, this former fire station offers exceptional potential for a brewery, restaurant, retail, office, or other commercial use. Ownership has completed significant due diligence, including a brewery/restaurant concept that was fully designed and previously approved by the City, saving a future owner valuable time and expense. The current owner also previously secured Grayfield and IDEA grants, adding significant value to the redevelopment process. The property features dedicated off-street parking and the opportunity for outdoor patio space—rare amenities for a downtown property. Architectural plans and renderings are available to qualified Buyers upon execution of an NDA. Owner may also consider leasing to a qualified tenant. Contact Listing Agent for additional information and showing instructions. One member of the ownership entity is a licensed real estate agent in the State of Iowa.
Property Information
Property Type
Commercial Sale
Sub-Type
Retail
Year Built
1975
Lot Size
0.20 acres
Zoning
CBD
MLS® Listing#
202604517
Property Features
Cooling
Heating
Flooring
Construction
Roof
Utilities
Water Source
Financial Details
Annual Taxes
$4,264
Tax year 2024
Parcel Number
17103-11010-00000
Directions
Take Hwy 1 to 1st Street. Located next to the Mount Vernon Police Department and across from Mount Vernon Bank and Trust.
Affordability Calculator
$119,000
Estimated monthly payment
$3,167/mo
Principal $476,000 · Est. interest $664,062 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in MtVernon, IA
- $340,000
- Median Listing Price
- 50
- Median Days on Market
- 2,530
- Median Sq Ft
- $152
- Median Price / Sq Ft
- 9
- Active Listings
- This home’s price is 75% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in MtVernon, IA.
Location
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Points of Interest in MtVernon, IA
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Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 650 17th Ave SW, MtVernon, IA | $589,900 | 5 | 3 | 2,760 |
Moving Cost Estimate
EXIT Agents in MtVernon
Listing Courtesy: GLD Commercial Real Estate Advisors - 3197313410
Presented by: Angie Glick