218 Main St, Mc Gregor, IA, 52157
About This Home
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.
Getting Around
Somewhat Walkable
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1890
Materials
- Foundation: Other
- Construction materials: Brick
Type & Style
- Home type: MultiFamily
- Property subType: Apartment
Interior
Appliances
- 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 features: In Unit (Unit 1)
Basement
- Has basement: Yes
- Basement: Full
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
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)
Heating & Cooling
- Heating features: Propane,Forced Air,Individual Heat Control (Unit 1),Individual Heat Control (Unit 3)
- Cooling features: Air Conditioning (Unit 1),Air Conditioning (Unit 2),Air Conditioning (Unit 3)
Interior Area
- Total structure area: 1,300
- Total interior livable area: 1,300 sqft
Property
Details
- Parcel number: 3422451013
- Zoning: Commercial
- Exclusions: sellers and renters personal property
Features
- Levels: Two
- Patio & porch: Balcony/Patio (Unit 1)
Lot
- Lot size: 2,613 sqft
Parking
- Total spaces: 3
- Parking features: Outside
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Hail
- Inland Flooding
- Strong Wind
- Tornado
- Drought
- Heat Wave
- Landslide
- Lightning
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Iowa Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,309 | $15,708 |
| Home Insurance * | $258 | $3,096 |
| Property Taxes | $211 | $2,532 |
| Electricity | $121 | $1,452 |
| Total | $1,899 | $22,788 |
Income You'd Need if You Spent...
Iowa FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-04 | Listed for sale | $259,000 |
| 2026-05-07 | Contingent | $259,000 |
| 2026-02-17 | Listed for sale | $259,000 |
| 2026-02-12 | Listing removed | $265,000 |
| 2025-11-03 | Listed for sale | $265,000 |
| 2025-10-17 | Contingent | $265,000 |
| 2025-09-09 | Listed for sale | $265,000 |
| 2023-02-08 | Listing removed | -- |
| 2022-12-02 | Pending sale | $159,900 |
| 2022-12-02 | Listing removed | -- |
| 2022-10-16 | Pending sale | $159,900 |
| 2022-10-16 | Contingent | $159,900 |
| 2022-10-10 | Listed for sale | $159,900 |
| 2022-10-06 | Listing removed | -- |
| 2022-07-01 | Price change | $159,900 |
| 2022-04-12 | Listed for sale | $165,000 |
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