Historic Retail/MultiFamily Downtown Historic 832 Avenue G

Discover an exceptional investment opportunity in historic downtown Fort Madison, Iowa, with this commercial property featuring two storefronts totaling 4,624 sq. ft., as well as four 1-bedroom and one 2-bedroom upstairs apartments showcasing original hardwood floors and built-ins awaiting refurbishment. The main floor offers high tin ceilings and original woodwork, creating a versatile space ideal for retail, offices, a restaurant, or showrooms. Both buildings have a newer membrane roof, ensuring durability and reduced maintenance costs. An adjoining graveled lot provides ample parking or potential for an outdoor venue, enhancing its appeal for various business opportunities. This property combines income-generating potential with historic charm, making it a rare find in downtown real estate. Don’t miss out—contact us today to explore this unique opportunity!
Auctioneer’s Note: Formerly known as Faeth’s Cigar Store, this property was an iconic downtown neighborhood bar and sporting goods business, offering tremendous potential for revitalization. The apartments, unoccupied since the 1990s, provide great income opportunities with restoration. Additionally, grants and funding may be available through Downtown Revitalization Programs from the State of Iowa. We strongly encourage all interested parties to contact the Auction Company for a private showing. The auction will be conducted online only, allowing each bidder to conveniently participate using an electronic device from anywhere!