FOR SALE BY OWNER
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420 Packwaukee St, New Hartford, IA 50660
420 Packwaukee St, New Hartford, IA 50660, New Hartford, IA 50660
$34,950
$11/sq ft
5 Beds
3.0 Baths
3,310 Sq Ft
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About This Property
Historic Mixed-Use Property with Redevelopment Potential – FSBO – New Hartford, IA
This commercial property presents a rare opportunity to restore a distinctive building while creating multiple income-producing units. Showcasing original architectural elements such as brick walls, tin ceilings, arched windows, and hardwood floors, the property offers character and charm not commonly found in today’s commercial landscape.
The main level features a spacious area suitable for retail, office, or conversion to a residential unit. This space includes a raised subfloor with a poured concrete foundation. The second floor consists of two additional apartments accessible via a separate exterior stairway. A detached two-stall block garage/workshop provides added functionality and storage. The property is currently configured with three separate utility meters.
A large adjacent lot is included, offering potential for additional structures, expanded parking, outdoor seating, or other uses, subject to buyer's verification with the City and County.
The main floor has been fully gutted and is ready for customization. The upper-level apartments are partially gutted. Previous updates to electrical, plumbing, and HVAC systems were completed; however, all systems remain untested and will require professional evaluation. A metal roof was installed in recent years but is known to have leaks. Substantial debris removal and cleaning have already been completed. This property is best suited for an investor or buyer prepared to undertake a comprehensive renovation.
Located in the heart of New Hartford, the property offers convenient access to Cedar Falls, Waterloo, Dike, Parkersburg, Hwy 57, and Hwy 20. The area provides a favorable setting for both residential and commercial use.
With a low purchase price and very low property taxes, this property represents an excellent opportunity for redevelopment, small-business ownership, or rental income creation without the high costs associated with new construction. The included adjacent lot further enhances long-term value and flexibility.
Due to health reasons, we are unable to complete the intended renovation plans, creating an opportunity for a new buyer to bring this historic property back to life.
PROPERTY IS BEING SOLD AS-IS, CASH by Quit Claim Deed.
FSBO – Contact for a showing.
Property Type
Multi Family
Year Built
1900
Lot Size
0.28 Acres
Heating
Forced air; Gas
Cooling
Central
Features & Amenities
Interior Features
- Brick
- Central
- Forced air
- Garage - Detached
- Gas
- Hardwood
- Metal
- None
- Off-street
- On-street
- Other
- Wood
Property Owner
PO
Property Owner
Property Owner
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Mortgage Calculator
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Estimated Monthly Payment
$321
Payment Breakdown
Principal & Interest
$186
Property Tax
$35
Home Insurance
$100
HOA Fees
$0
Loan Amount
$27,960
Total Interest Paid
$39,007
Total Cost
$66,967