$690,000
SOLD JUL 31, 2026
Studio
-- Baths
10,800 Sq Ft
0.61 Acre Lot

Sale Details

Date Sold: July 31, 2026

$64 Per Sq Ft

4% Below List Price

109 Days on Market

Highlights

  • 0.6 Acre Lot
  • Level Lot
  • 5-minute walk to Vermillion Parks & Recreation
  • Forced Air Heating and Cooling System

About This Home

As of July 2026

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).

Last Agent to Sell the Property

Kris O'Connor

Dakota Realty Listed on: 03/02/2026

Last Buyer's Agent

Other Other

Other

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,022

Year Built

  • Built in 1995

Lot Details

  • 26,400 Sq Ft Lot
  • Level Lot

Parking

  • Driveway

Home Design

  • 10,800 Sq Ft Home

Utilities

  • Forced Air Heating and Cooling System
  • Internet Available

Community Details

  • 2 Units
  • Gross Income $7,000

Listing and Financial Details

  • Assessor Parcel Number 155300290017000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,022

Year Built

Built in 1995

Lot Details

0.61 Acres

Listing Details

  • Property Class: Multi-Unit
  • Type: Multi-Unit
  • Property Features: Level Lot
  • Legal Description: Lots 14,15,16 & 17 Blk 29 Original Town
  • Year Built: 1995
  • Audio Surveillance: No
  • Current Leases Available: Yes
  • Video Surveillance: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 10800
  • Main Level Sq Ft: 5400
  • Sq Ft Below Grade Finishe: 5400

Garage/Parking

  • Internet: Yes
  • Driveway: Concrete
  • Off Street Parking: 11

Utilities

  • Air Conditioning Type: Central
  • Flood Insurance: Not Required
  • Fuel Type: Natural Gas
  • Heat Type: Forced Air
  • Sewer Type: City
  • Water Type: City

Lot Info

  • Acres: 0.6
  • Lot Sq Ft: 26400
  • Parcel Number: 155300290017000
  • Zoning: comm

Rental Info

  • Paid By Electric: Owner
  • Paid By Gas: Owner
  • Paid By Water: Owner

Tax Info

  • Year: 2024
  • Gross Taxes: 8022

Multi Family

  • Gross Income: 7000
  • Number Of Units: 2

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/31/2026 07/31/26 Sold $690,000 -4.2% $64 / Sq Ft
06/19/2026 06/19/26 Pending -- -- --
03/02/2026 03/02/26 For Sale $720,000 +56.5% $67 / Sq Ft
04/01/2021 04/01/21 Sold $460,000 -7.8% $85 / Sq Ft View Prior Sale
02/17/2021 02/17/21 Pending -- -- --
09/17/2020 09/17/20 For Sale $499,000 -- $92 / Sq Ft
Source: Northwest Iowa Regional Board of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,581 $384,263 $57,816 $326,447
2024 $8,021 $348,157 $57,816 $290,341
2023 $7,807 $297,439 $50,424 $247,015
2022 $6,803 $292,687 $45,672 $247,015
2021 $6,132 $267,327 $43,560 $223,767
2020 $6,112 $267,327 $43,560 $223,767
2019 $6,351 $267,327 $43,560 $223,767
2018 $6,330 $266,007 $42,240 $223,767
2017 $6,612 $266,007 $42,240 $223,767
2016 -- $264,687 $40,920 $223,767
2015 -- $264,687 $40,920 $223,767
2011 -- $260,727 $36,960 $223,767
Source: Public Records

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Map

Source: Northwest Iowa Regional Board of REALTORS®

MLS Number: 831975

Northwest Iowa Regional Board of REALTORS®

APN: 15530-02900-170-00

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