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117 S Main Street Elkader, IA 52043 Residential - Single Family Active

  • 117 S Main Street , Elkader, IA 52043 Main Photo

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Description

This offering includes two buildings located on Main Street near the Keystone Bridge. The first building is currently operating as a well-known neighborhood bar, where locals have long gathered to enjoy a cold beverage, a slice of pizza, a game of pool, and great conversation. Above the commercial space is a two-bedroom, one-bath residence, ideal for owner occupancy or additional rental income. The neighboring building was formerly used entirely as residential space. Per City of Elkader requirements, the main level must now be used as commercial space, while the upper level may remain residential if desired by the new owner. It currently features a two-bedroom, two-bath apartment-style residence. Both buildings are being sold AS-IS. Cherished by three local families over the past 60 years, including the current owner for the past 32 years, this unique property offers the opportunity for commercial use, residential living, and income-producing potential in a prime downtown location. *There are some virtually staged or altered photos

Property Highlights

Property Type: Residential - Single Family
Total Living Area SF: 4,920
Built in 1870
School District: Central
River Front
Brick Exterior

General Information

Bedrooms: 4
Bathrooms: 5
Sqft: 4,920
County: Clayton
High School: Central
Listed By:
Better Way Realty Chassy Pollard 319-720-5700
Cedar Rapids MLS
$165,000
Est. $1,154/mo
4beds
5baths
4,920sqft
Active
BEDS4 BATHS3 full 2 partial SQUARE FEET4,920 MLS#2604852
STATUSActive PROPERTY TYPEResidential - Single Family SCHOOLCentral

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Ruhl&Ruhl Realtors

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117 S Main Street , Elkader, IA 52043.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $165,000$165,000$165,000
Down Payment $33,000$5,775$41,250
Monthly Mortgage Amount $824$1,011$1,028
Taxes $230$230$230
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$73$0
Monthly Estimated Total $1,154$1,414$1,358

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