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Lux on First 109 1st Ave 4,752 SF Retail Building Rock Rapids, IA 51246 $390,858 CAD ($82.25 CAD/SF) 8.40% Cap Rate

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INVESTMENT HIGHLIGHTS

  • move in ready building
  • new interior flooring, walls,

EXECUTIVE SUMMARY

Welcome to Luxe on First, This beautifully updated storefront offers stylish curb appeal with large display windows, modern black-and-white exterior, and custom signage that immediately draws attention.
For $350,000 The sale includes not only the real estate but also the existing business, inventory, and branding—offering an immediate income opportunity for new ownership.
Key Features:
• Prime downtown location with high visibility and foot traffic
• Stylishly renovated retail space with boutique lighting and modern finishes
• Includes business, website, fixtures, and inventory
• Steady income history with loyal customer base
• Zoned commercial with potential for multi-use retail

PROPERTY FACTS

Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
4,752 SF
Building Class
B
Year Built/Renovated
1920/2021
Price
$390,858 CAD
Price Per SF
$82.25 CAD
Cap Rate
8.40%
NOI
$32,832 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.76
Lot Size
0.14 AC
Zoning
commercial

AMENITIES

  • Freeway Visibility
  • Drive Thru
  • Wheelchair Accessible
  • Storage Space
  • Air Conditioning
  • Smoke Detector

ABOUT 109 1ST AVE , ROCK RAPIDS, IA 51246

Welcome to Luxe on First, a well-established women’s boutique and home décor business located in the heart of downtown. This beautifully updated storefront offers stylish curb appeal with large display windows, modern black-and-white exterior, and custom signage that immediately draws attention. Inside, the business combines curated fashion, home décor, and accessories to create a destination shopping experience. The sale includes not only the real estate but also the existing business, inventory, and branding—offering an immediate income opportunity for new ownership. Key Features: • Prime downtown location with high visibility and foot traffic • Stylishly renovated retail space with boutique lighting and modern finishes • Includes business, website, fixtures, and inventory • Steady income history with loyal customer base • Zoned commercial with potential for multi-use retail

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
350000000610000
Land Assessment
$19,079 CAD
Improvements Assessment
$170,496 CAD
Total Assessment
$189,575 CAD
  • Listing ID: 36056464

  • Date on Market: 2025-05-30

  • Last Updated:

  • Address: 109 1st Ave, Rock Rapids, IA 51246

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