14 N Elm St

For Sale

14 N Elm St, Colfax, IA 50054

This Colfax property for sale is located at 14 N Elm St. The current listed sale price for 14 N Elm St is $720,000. 14 N Elm St is situated on a lot that is 0.17 acre in size.

Contacts

broker
Scott Obstarczyk

NAI Iowa Realty Commercial

Property Details

  • Property Type Other
  • Property Size 4,789 SF
  • Lot Size 0.17 Acre
  • Year Built 1979
  • Date Updated Sep 24, 2025
Nestled in the heart of Colfax, Iowa, this property offers a unique investment opportunity in a close-knit community. The surrounding area is home to local amenities and attractions, including the scenic Colfax Country Club and picturesque Chichaqua Valley Trail. This laundromat with owner-leased apartments presents an enticing prospect for investors seeking a promising locale with a strong sense of community.Thriving laundromat and a set of well-maintained apartments. The laundromat offers a steady income stream with a loyal customer base, while the apartments provide additional rental income. Built in 1979, this property is a solid and reliable investment in the heart of Colfax, IA. All Laundromat plumbing and electric has been updated in 2018, new asphalt in 2020, water heater replaced in 2025, exterior remodel in 2025, water softener updated in 2024, five of the apartment units have all been updated between 2022-2025. Three 1 bedrooms, two 2 bedrooms, one of those with a garage, and a studio apartment. Many more details available upon request.
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Highlights

  • 6 Well-maintained apartments, fully leased
  • Constructed in 1979
  • Prime location within the Colfax area
  • Solid and reliable investment opportunity
  • Steady income from laundromat

Getting around

  • 45/100

    Walk Score ®

  • 22/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Colfax, IA
  • Zip Code 50054

Points of Interest

  • Phillips 66

    1.23 miles

  • Casey's

    5.66 miles

  • Casey's General Store

    8.67 miles

  • Newton 66

    8.68 miles

  • Git 'n Go

    9.45 miles

  • Chichaqua Valley Trail

    7.05 miles

  • Microtel Inn & Suites by Wyndham Colfax/Newton

    1.07 miles

  • Colfax Inn

    1.22 miles

  • Days Inn by Wyndham Newton

    8.48 miles

  • Econo Lodge Inn & Suites

    8.49 miles

  • Quality Inn Newton at I-80

    8.51 miles

  • Super 8 by Wyndham Newton

    8.72 miles

  • Best Western Holiday Manor

    9.80 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Scott Obstarczyk

NAI Iowa Realty Commercial

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