Isabelle Cole
- Buy
- Sell
https://www.ruhlmortgage.com/LawrenceDavis.html
Description
INVESTMENT OPPORTUNITY IN DOWNTOWN MCGREGOR! Located right on Main Street, this mixed-use property offers multiple income streams with commercial space on the main level and three residential apartments. When fully leased, the property offers gross rental potential of approximately $34,800 annually. Whether you're looking to expand your rental portfolio, operate your own business while generating rental income, or take on a value-add investment, this property offers plenty of potential in the heart of historic McGregor. The property is currently being offered AS-IS and has been priced to reflect its present condition. Known roof leakage is present, and the seller is offering buyers the opportunity to purchase at the current price before repairs are completed. If the seller elects to complete repairs, the listing price is subject to increase accordingly. Bring your ideas and take advantage of the opportunity to purchase this versatile Main Street property at its current AS-IS price.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
County: Clayton
Listed By:
RE/MAX Gold
608-306-2865
SCWMLS
MLS ID: 2016669
Units
Unit 1:
Bedrooms: 2
Full Baths: 1
Parking Description: Street
Square Feet: 600
Unit 2:
Bedrooms: 1
Full Baths: 1
Parking Description: Street
Square Feet: 700
Get in Touch
Shown By
Contact an agent to learn more about
218 Main Street, Mcgregor, IA 52157.
Mortgage Calculator
Call or Click to get Pre-Approved!
563-441-1862
toll free 866-441-1862
Customize Your Rate
| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $229,000 | $229,000 | $229,000 |
| Down Payment | $45,800 | $8,015 | $57,250 |
| Monthly Mortgage Amount | $1,158 | $1,421 | $1,438 |
| Taxes | $319 | $319 | $319 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $101 | $0 |
| Monthly Estimated Total | $1,577 | $1,941 | $1,857 |
Isabelle Cole
REALTOR®
Cell: (563) 210-7688
Licensed in IA
Moline Office
1701 52nd Avenue
Moline, IL 61265
(309) 743-8000
Moline, IL 61265
(309) 743-8000
This information, provided by seller, listing broker, and other parties, may not have been verified.
Copyright © 2026 South Central Wisconsin MLS Corporation. All rights reserved
Privacy Policy / DMCA Notice / ADA Accessibility
This site is hosted, designed and copyright
© 1994 - 2026 by
Delta Media Group, Inc. -- Patent Pending --
Agent License Information: Licensed in IA