133 North St, Marquette IA

Brick six unit apartment building in the heart of downtown Marquette IA.

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$165,000
MLS #20214156

In the heart of downtown Marquette IA this brick 6 unit apartment building was once a bank and grocery store. There are still two vaults one on the main floor and one in the basement. This property has been owned by the Sellers since 1980 and they have taken well care of the property. The apartments have updated kitchens and bathrooms. On the main floor there is a very large apartment along with another studio apartment and then one-bedroom apartments on the second floor. One of the main floor spaces could easily be converted into a hair salon, massage or other business you would like to start. There were three garage stalls in the basement that could be rented out for storage for extra income as well. There are so many possibilities with this property. All Buyers must provide a pre-approval letter prior to lining up a showing and we will need to give the current tenants at least a 24-hour notice and showings will be in the afternoons only.

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  • Address: Marquette, Iowa 
  • Phone Number: 563-933-4411/563-539-4136/563-252-1144 
  • Legal Description: N. 1/2 Lots 18 19 & 20 BLK 6 
  • Owner: James J & Angella Soulli 
  • Terms: Cash  
  • Possession: Upon closing 
  • Price: $165,000 
  • Year Built : 1928 
  • Lot Size: 75x75 0.12 Acres 5,250 SF 
  • Building Size: 50x50 2,500 sq ft per floor 
  • Apartments:
  • Appliances: Each unit has a stove and fridge 
  • Foundation: Concrete 
  • Heat: Each unit has it’s own electric heat/basement has a fuel oil furnace 
  • Water Heater: Each unit has it’s own electric water heater 
  • Stories: 2 with full basement 
  • Exterior: Brick 
  • Roof : Duro Last membrane installed November 2019 with a 15 year transferable manufactures warranty 
  • Basement: Full 
  • Remarks: In the heart of downtown Marquette IA this brick 6 unit apartment building was once a bank and grocery store. There are still two vaults one on the main floor and one in the basement. This property has been owned by the Sellers since 1980 and they have taken well care of the property. The apartments have updated kitchens and bathrooms. On the main floor there is a very large apartment along with another studio apartment and then one-bedroom apartments on the second floor. One of the main floor spaces could easily be converted into a hair salon, massage or other business you would like to start. There were three garage stalls in the basement that could be rented out for storage for extra income as well. There are so many possibilities with this property. All Buyers must provide a pre-approval letter prior to lining up a showing and we will need to give the current tenants at least a 24-hour notice and showings will be in the afternoons only. 
  • School: MFL-MarMac 
  • Taxes: $1,470/year 
  • Disclosure: The following information, although believed to be accurate, is not guaranteed or warranted by the listing office.  

School

MFL-MarMac