- For Sale $299,000
- Property Type Multi-Family
- Property Size 4,682 SF
- Units 2
- Lot Size 0.75 Acre
- Property Tenancy Multi-Tenant
- Year Built 1965
- Date Updated Aug 5, 2026
Description
Discover the vibrant potential of the Knoxville area, where the perfect blend of small-town charm and commercial opportunity awaits. Nestled at the heart of Marion County, this bustling community boasts a rich history, picturesque scenery, and a welcoming local culture. The area is home to a variety of dining and retail establishments, as well as outdoor recreational facilities like Red Rock Reservoir and Lake Red Rock, which offer a serene escape for office professionals. With easy access to major roadways and nearby amenities, the Knoxville location presents an exciting opportunity for office or office building investors seeking a thriving business environment with a strong sense of community.Introducing a prime investment and development opportunity in the heart of Knoxville, IA. The 4,682 SF duplex offers two spacious units with 100% occupancy - representing an immediate income stream. Adjacent land also for sale offering a combined acre for a new development opportunity. Development plans available for 12 unit apartment complex, ask agent for details. With a strategic location in the Knoxville area, this property offers investors the chance to capitalize on the strong rental market and solidify their portfolio in a thriving community. Don't miss the chance to own this high-performing asset in a sought-after location.
Highlights
- Development plans available for a 3 building, 36-unit apartment on the remaining ground
- Duplex 100% occupied for immediate returns
- Duplex and adjacent land for sale
- Perfect for a developer seeking an immediate return on investment while phasing in a new construction next door
- Small parking existing within the lot
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Contacts
Chris Thomason, CCIM
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Location
Contact Listing Broker
Chris Thomason, CCIM
Locate CRE