Great investment opportunity on commercial building in downtown Vermillion. 2 long term tenants rent this property. Seller is installing new flooring in USDA portion of the building in May. Roof was replaced in 2022. Listing agent has leases. Income and expense reports attached. Owner pays for utilities, cleaning ($400 monthly) snow, garbage, rugs. USDA lease expires 5-31-2028 and CCA lease month to month (waiting to extend long term).
Sold for $690,000
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Listing updated:
Bought with:
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Source: Northwest Iowa Regional BOR,MLS#: 831975
Price history
| Date | Event | Price |
|---|---|---|
| 7/31/2026 | Sold | $690,000-4.2%$64/sqft |
Source:  Northwest Iowa Regional BOR #831975 Report a problem | ||
| 6/23/2026 | Pending sale | $720,000$67/sqft |
Source: Northwest Iowa Regional BOR #831975 Report a problem | ||
| 3/2/2026 | Listed for sale | $720,000-4%$67/sqft |
Source: Northwest Iowa Regional BOR #831975 Report a problem | ||
| 1/1/2026 | Listing removed | $750,000$69/sqft |
Source: Northwest Iowa Regional BOR #828571 Report a problem | ||
| 5/6/2025 | Listed for sale | $750,000+63%$69/sqft |
Source: Northwest Iowa Regional BOR #828571 Report a problem | ||
| 4/1/2021 | Sold | $460,000$43/sqft |
Source: Northwest Iowa Regional BOR #810814 Report a problem | ||
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