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218 Main Street Mcgregor, IA 52157 • Multi Unit - Multiple • Active

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Description

Prime mixed-use investment opportunity in the heart of downtown McGregor. This historic brick building features a main-level commercial storefront currently leased as a coffee shop and three residential apartments, creating multiple income streams in a highly visible Main Street location. The residential layout includes a newly remodeled one-bedroom, one-bath unit on the main level, an upstairs efficiency apartment, and a two-bedroom, one-bath unit with interior stairs and a private balcony. All units are in great condition and offer rustic charm consistent with the building's character. Well maintained with newer HVAC systems and recent roof and plumbing updates. When fully leased, the property offers gross rental potential of approximately $34,800 annually. Strong opportunity for investors seeking income and long-term value in a desirable river town with consistent tourism and small-business activity.

Property Highlights

Property Type: Multi Unit - Multiple

General Information

County: Clayton
Listed By:
RE/MAX Gold 608-306-2865
SCWMLS

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
$259,000
Est. $1,669/mo

Listing Courtesy of: RE/MAX Gold
Agency Contact: 608-306-2865
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Active
BEDS0 BATHS MLS#2016669
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLMFL MarMac
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Shown By

Adam Edstrom
 (563) 210-6814

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218 Main Street, Mcgregor, IA 52157.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $259,000$259,000$259,000
Down Payment $51,800$9,065$64,750
Monthly Mortgage Amount $1,209$1,484$1,574
Taxes $360$360$360
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$114$0
Monthly Estimated Total $1,669$2,058$2,034

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 03/14/2026. The listing information on this page last changed on 03/14/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sat 03/14/2026 5:20:57 AM EST) or MRED MLS (last updated Sat 03/14/2026 2:04:02 AM EST) or SCWMLS (last updated Fri 03/13/2026 11:54:54 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Fri 03/13/2026 10:15:31 PM EST) or Cedar Rapids MLS (last updated Fri 03/13/2026 10:44:26 PM EST) or NEIRBR MLS (last updated Sat 03/14/2026 1:18:41 AM EST) or ICAAR MLS (last updated Fri 03/13/2026 11:37:32 PM EST) or ECIMLS (last updated Fri 03/13/2026 11:44:18 PM EST) or RMLSA (last updated Sat 03/14/2026 1:10:57 AM EST) or Muscatine MLS (last updated Sat 03/14/2026 2:00:24 AM EST) or No Coast MLS (last updated Sat 03/14/2026 12:44:21 AM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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