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    • Price cut: $30K (9/8)
    $229,000

    218 Main St, Mc Gregor, IA 52157

    3beds
    1,300sqft
    : 
    $1,877/mo
    Get pre-qualified
    Apartment
    Built in 1890
    -- sqft lot
    $-- Zestimate®
    $176/sqft
    $-- HOA

    What's special

    INVESTMENT OPPORTUNITY IN DOWNTOWN MCGREGOR! Located right on Main Street, this mixed-use property offers multiple income streams with commercial space on the main level and three residential apartments. When fully leased, the property offers gross rental potential of approximately $34,800 annually. Whether you're looking to expand your rental portfolio, operate your own business while generating rental income, or take on a value-add investment, this property offers plenty of potential in the heart of historic McGregor. The property is currently being offered AS-IS and has been priced to reflect its present condition. Known roof leakage is present, and the seller is offering buyers the opportunity to purchase at the current price before repairs are completed. If the seller elects to complete repairs, the listing price is subject to increase accordingly. Bring your ideas and take advantage of the opportunity to purchase this versatile Main Street property at its current AS-IS price.
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    Zillow last checked:

    Listing updated:

    Listed by:

    Colton Day,

    RE/MAX Gold

    Source: SCWMLS,MLS#: 2016669

      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
      • Family/Rec Room (Unit 1), Eat In Kitchen (Unit 1), Primary bedroom bath, Vaulted Ceiling(s) (Unit 1), Pantry ((Unit 1), Eat In Kitchen (Unit 2), Vaulted Ceiling(s) (Unit 2), Family/Rec Room (Unit 3), Vaulted Ceiling(s) (Unit 3), Pantry ((Unit 3), Shared basement
      • 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: $176/sqft
      • Tax assessed value: $128,982
      • Annual tax amount: $1,902
      • Date on market: 2/17/2026
      • Inclusions: Washer, Dryer, Microwave, 3 Stoves, 3 Refridgerators, window ac
      • Exclusions: sellers and renters personal property
      • Total actual rent: 21600

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $941/mo

        Price history

        DateEventPrice
        9/8/2026Price change$229,000-11.6%$176/sqft
        Source: SCWMLS #2016669 Report a problem
        6/4/2026Listed for sale$259,000$199/sqft
        Source: WIREX MLS #2016669 Report a problem
        5/7/2026Contingent$259,000$199/sqft
        Source: WIREX MLS #2016669 Report a problem
        2/17/2026Listed for sale$259,000-2.3%$199/sqft
        Source: WIREX MLS #2016669 Report a problem
        2/12/2026Listing removed$265,000$204/sqft
        Source: WIREX MLS #2008334 Report a problem
        11/3/2025Listed for sale$265,000$204/sqft
        Source: WIREX MLS #2008334 Report a problem
        10/17/2025Contingent$265,000$204/sqft
        Source: WIREX MLS #2008334 Report a problem
        9/9/2025Listed for sale$265,000+65.7%$204/sqft
        Source: WIREX MLS #2008334 Report a problem
        2/8/2023Listing removed--
        Source: RE/MAX International Report a problem
        12/2/2022Pending sale$159,900$123/sqft
        Source: RE/MAX International #1944993 Report a problem
        12/2/2022Listing removed--
        Source: RE/MAX International Report a problem
        10/16/2022Pending sale$159,900$123/sqft
        Source: RE/MAX International #1944993 Report a problem
        10/16/2022Contingent$159,900$123/sqft
        Source: WIREX MLS #1944993 Report a problem
        10/10/2022Listed for sale$159,900$123/sqft
        Source: WIREX MLS #1944993 Report a problem
        10/6/2022Listing removed--
        Source: WIREX MLS #1931575 Report a problem
        7/1/2022Price change$159,900-3.1%$123/sqft
        Source: WIREX MLS #1931575 Report a problem
        4/12/2022Listed for sale$165,000$127/sqft
        Source: WIREX MLS #1931575 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        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.
        See how much you could borrow to make a competitive offer.
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        Climate risks

        Neighborhood: 52157

        Getting around

        53 / 100
        Somewhat Walkable
        27 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        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.

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