Contacts
Emma Diaz
Locate CRE
Property Details
- Property Type Multi-Family
- Property Size 4,682 SF
- Units 2
- Lot Size 0.75 Acre
- Property Tenancy Multi-Tenant
- Year Built 1965
- Date Updated May 15, 2025
Discover the vibrant potential of the Knoxville area, where the perfect blend of small-town charm and commercial opportunity awaits. Nestled at the heart of Marion County, this bustling community boasts a rich history, picturesque scenery, and a welcoming local culture. The area is home to a variety of dining and retail establishments, as well as outdoor recreational facilities like Red Rock Reservoir and Lake Red Rock, which offer a serene escape for office professionals. With easy access to major roadways and nearby amenities, the Knoxville location presents an exciting opportunity for office or office building investors seeking a thriving business environment with a strong sense of community.Introducing a prime investment and development opportunity in the heart of Knoxville, IA. The 4,682 SF duplex offers two spacious units with 100% occupancy - representing an immediate income stream. Adjacent land also for sale offering a combined acre for a new development opportunity. Development plans available for 12 unit apartment complex, ask agent for details. With a strategic location in the Knoxville area, this property offers investors the chance to capitalize on the strong rental market and solidify their portfolio in a thriving community. Don't miss the chance to own this high-performing asset in a sought-after location.
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Highlights
- Duplex and adjacent land for sale
- Duplex 100% occupied for immediate returns
- Development plans available for a 3 building, 36-unit apartment on the remaining ground
- Perfect for a developer seeking an immediate return on investment while phasing in a new construction next door
- Small parking existing within the lot
Getting around
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75/100
Walk Score ®
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50/100
Bike Score ®
Powered by Walk Score ®
Location
- City Knoxville, IA
- Zip Code 50138
Points of Interest
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BP
0.52 miles
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Murphy USA
0.91 miles
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Casey's General Store
1.00 miles
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South Central Co-Op
9.62 miles
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Volksweg Trail Parking
7.54 miles
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Cobblestone Hotel & Suites
0.80 miles
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Super 8 by Wyndham Knoxville
1.32 miles
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Holiday Inn Express Pella
9.60 miles
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Hy-Vee
0.49 miles
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Fareway
0.77 miles
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Walmart Supercenter
0.94 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
Emma Diaz
Locate CRE