Estimated payment $2,558/month
About This Lot
60x200 Country Shop with Living Quarters 4 Miles North of Albia
Just 4 miles north of Albia and only 1/8 mile off Highway 137, this 60x200 shop on just over 1 acre offers an outstanding combination of workspace, storage, income potential, and finished living space. Built in 2021, the building was designed with versatility in mind and is fully insulated with spray foam, heated, and set on a full concrete floor.
Shop Features
Five automatic overhead doors:
o(2) measuring 20 x 16
o(3) measuring 14 x 16
18-foot sidewalls, ideal for large equipment, vehicles, or commercial use.
Heated, insulated, and built for year-round functionality.
Main level (approx. 1,400 sq ft) includes office/kitchen, bathroom, storage space, and a concrete safe room.
Income potential: The east half of the shop is currently leased for $1,800/month, providing immediate rental income to the new owner.
Living Quarters
Finished 1,600 sq ft 1-bedroom living quarters located upstairs.
Upstairs kitchen includes a 4x8 insulated window that opens onto a future deck space, with an 18-foot header already in place for easy deck addition.
Modern, spacious layout suitable for full-time living or weekend stays.
Combined with the main-level office/storage, the building provides over 3,000 sq ft of finished interior space beyond the main shop area.
Location
Just over 1 acre, 4 miles north of Albia, IA.
Easy access, just 1/8 mile off Highway 137.
Rural setting with excellent usability for personal, agricultural, or business purposes.
Summary
This 60x200 shop offers the best of both worlds a high-quality, heated shop with tall sidewalls and oversized doors for equipment, plus spacious finished living and office quarters. With thoughtful touches like a future deck off the upstairs kitchen, a secure concrete safe room, and immediate rental income from an existing tenant, this property is well-suited for a wide variety of uses, from farm operations to business headquarters to unique live/work arrangements.
Listing Agent
United Country Hawkeye Farm Mgmt & Real Estate - Albia Listed on: 09/29/2025
Property Details
Property Type
- Land
Est. Annual Taxes
- $4,322
Lot Details
- Property fronts a county road
- Current uses include commercial
- Potential uses include commercial
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 |
|---|---|---|---|---|
| 2024 | $4,322 | $238,150 | $10,810 | $227,340 |
| 2023 | $3,236 | $306,250 | $23,410 | $282,840 |
| 2022 | $282 | $210,560 | $18,010 | $192,550 |
| 2021 | $294 | $18,010 | $18,010 | $0 |
| 2020 | $298 | $17,930 | $17,930 | $0 |
| 2019 | $278 | $15,480 | $0 | $0 |
| 2018 | $278 | $15,970 | $0 | $0 |
| 2017 | $284 | $18,130 | $0 | $0 |
| 2016 | $402 | $21,760 | $0 | $0 |
| 2015 | $380 | $20,470 | $0 | $0 |
| 2014 | $380 | $20,470 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/03/2025 11/03/25 | Price Changed | $420,000 | -4.5% | -- |
| 09/29/2025 09/29/25 | For Sale | $440,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $3,625 | None Available |
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