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Business & Real Estate For Sale 319 5th St 6,000 SF 100% Leased Retail Building Correctionville, IA 51016 $1,033,605 CAD ($172.27 CAD/SF)

Executive Summary
Introducing an established independent NAPA Auto Parts store with the business and real estate included. Located in Correctionville, IA, Joy Auto Supply has been a reliable supplier of auto parts for decades. The business generates consistent annual revenue around $870,000 making it a turnkey operation ready for a new owner to continue serving the community. This is a classic main-street opportunity with minimal debt, a clean balance sheet, and straightforward daily operations. Perfect for a buyer who wants immediate cash flow and long-term real estate upside in one deal.
The 6,000 SF building, built in 2012, is clear span with 11-14' ceiling heights and a rear 8' dock door. Plenty of door-front parking and is situated on a commercial property heavy street.
The sale includes all FF&E, inventory, real estate, and can continue as a NAPA Auto Parts independent store. Listing price includes business valuation, real estate value, and partial inventory credit. A signed NDA is required before viewing financials.
The 6,000 SF building, built in 2012, is clear span with 11-14' ceiling heights and a rear 8' dock door. Plenty of door-front parking and is situated on a commercial property heavy street.
The sale includes all FF&E, inventory, real estate, and can continue as a NAPA Auto Parts independent store. Listing price includes business valuation, real estate value, and partial inventory credit. A signed NDA is required before viewing financials.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,000 SF
Building Class
C
Year Built
2012
Price
$1,033,605 CAD
Price Per SF
$172.27 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.44
Lot Size
0.31 AC
Zoning
Commercial
Parking
20 Spaces (3.33 Spaces per 1,000 SF Leased)
Frontage
123’ on 5th St
Somewhat walkable
20/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 894234453033 | Improvements Assessment | $300,639 CAD |
| Land Assessment | $22,560 CAD | Total Assessment | $323,199 CAD |
Property Taxes
Parcel Number
894234453033
Land Assessment
$22,560 CAD
Improvements Assessment
$300,639 CAD
Total Assessment
$323,199 CAD
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Business & Real Estate For Sale | 319 5th St
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