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.
For sale
$259,000
218 Main St, Mc Gregor, IA 52157
3beds
1,300sqft
Apartment
Built in 1890
-- sqft lot
$239,600 Zestimate®
$199/sqft
$-- HOA
What's special
- 33 days |
- 334 |
- 14 |
Zillow last checked:
Listing updated:
Listed by:
Colton Day,
RE/MAX Gold
Source: SCWMLS,MLS#: 2016669
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Propane, Forced Air, Individual Heat Control (Unit 1), Individual Heat Control (Unit 3)
Cooling
- Air Conditioning (Unit 1), Air Conditioning (Unit 2), Air Conditioning (Unit 3)
Appliances
- Included: Range/Oven (Unit 1), Refrigerator (Unit 1), Washer/Dryer (Unit 1), Range/Oven (Unit 2), Refrigerator (Unit 2), Range/Oven (Unit 3), Refrigerator (Unit 3)
- Laundry: In Unit (Unit 1)
Features
- Eat In Kitchen (Unit 1), Family/Rec Room (Unit 1), Pantry ((Unit 1), Primary bedroom bath, Vaulted Ceiling(s) (Unit 1), Eat In Kitchen (Unit 2), Vaulted Ceiling(s) (Unit 2), Family/Rec Room (Unit 3), Pantry ((Unit 3), Shared basement, Vaulted Ceiling(s) (Unit 3)
- Basement: Full
Interior area
- Total structure area: 1,300
- Total interior livable area: 1,300 sqft
Property
Parking
- Total spaces: 3
- Parking features: Outside
- Details: Outside
Features
- Levels: Two
- Patio & porch: Balcony/Patio (Unit 1)
Lot
- Size: 2,613 Square Feet
Details
- Parcel number: 3422451013
- Zoning: Commercial
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Apartment
Materials
- Brick
- Foundation: Other
Condition
- Year built: 1890
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Separate elec meters, Separate gas meters
Community & HOA
Location
- Region: Mc Gregor
Financial & listing details
- Price per square foot: $199/sqft
- Tax assessed value: $128,982
- Annual tax amount: $1,902
- Date on market: 6/5/2026
- Inclusions: Washer, Dryer, Microwave, 3 Stoves, 3 Refridgerators, window ac
- Exclusions: sellers and renters personal property
- Total actual rent: 21600
Estimated market value
$239,600
$228,000 - $252,000
$891/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/4/2026 | Listed for sale | $259,000$199/sqft |
Source:  WIREX MLS #2016669 Report a problem | ||
| 5/7/2026 | Contingent | $259,000$199/sqft |
Source: WIREX MLS #2016669 Report a problem | ||
| 2/17/2026 | Listed for sale | $259,000-2.3%$199/sqft |
Source: WIREX MLS #2016669 Report a problem | ||
| 2/12/2026 | Listing removed | $265,000$204/sqft |
Source: WIREX MLS #2008334 Report a problem | ||
| 11/3/2025 | Listed for sale | $265,000$204/sqft |
Source: WIREX MLS #2008334 Report a problem | ||
| 10/17/2025 | Contingent | $265,000$204/sqft |
Source: WIREX MLS #2008334 Report a problem | ||
| 9/9/2025 | Listed for sale | $265,000+65.7%$204/sqft |
Source: WIREX MLS #2008334 Report a problem | ||
| 2/8/2023 | Listing removed | -- |
Source:  RE/MAX International Report a problem | ||
| 12/2/2022 | Pending sale | $159,900$123/sqft |
Source: RE/MAX International #1944993 Report a problem | ||
| 12/2/2022 | Listing removed | -- |
Source: RE/MAX International Report a problem | ||
| 10/16/2022 | Pending sale | $159,900$123/sqft |
Source: RE/MAX International #1944993 Report a problem | ||
| 10/16/2022 | Contingent | $159,900$123/sqft |
Source: WIREX MLS #1944993 Report a problem | ||
| 10/10/2022 | Listed for sale | $159,900$123/sqft |
Source: WIREX MLS #1944993 Report a problem | ||
| 10/6/2022 | Listing removed | -- |
Source: WIREX MLS #1931575 Report a problem | ||
| 7/1/2022 | Price change | $159,900-3.1%$123/sqft |
Source: WIREX MLS #1931575 Report a problem | ||
| 4/12/2022 | Listed for sale | $165,000$127/sqft |
Source: WIREX MLS #1931575 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 52157
Nearby schools
GreatSchools rating
- 4/10McGregor Intermediate SchoolGrades: 4-5Distance: 0.6 mi
- 9/10MFL MarMac Middle SchoolGrades: 6-8Distance: 0.6 mi
- 5/10MFL MarMac High SchoolGrades: 9-12Distance: 11.1 mi
Schools provided by the listing agent
- District: MFL MarMac
Source: SCWMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Iowa
- Clayton County
- McGregor
- 52157
- 218 Main St
Nearby cities
Nearby zip codes
Other McGregor Topics
