Historic Mixed-Use Property with Significant Redevelopment Potential – FSBO – New Hartford, IA This historic 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 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 at some point 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, the 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. FSBO – Contact for a showing.

Completely familiar with the Cedar Rapids and surrounding areas real estate market. 

Gerald Wordehoff

420 Packwaukee St

Asking price

$39,950

Asking price

$39,950

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