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422 E Coolbaugh St 11,375 SF 100% Leased Retail Building Red Oak, IA 51566 $206,216 CAD ($18.13 CAD/SF)
INVESTMENT HIGHLIGHTS
- Historic four-story Masonic Lodge in vibrant downtown Red Oak
- Flexible redevelopment potential for retail, office, or mixed-use
- Prime location on East Coolbaugh Street with strong visibility
- Recent structural updates including roof and modernized systems
EXECUTIVE SUMMARY
The former four-story Masonic Lodge is a signature historic structure in downtown Red Oak, Iowa, offering a unique canvas for redevelopment.
The building features a large interior with notable elements such as a ballroom on the third floor, a design characteristic commonly found in former lodge buildings and multi-use downtown properties. Historically, Masonic structures often served dual purposes, with lodge meeting halls on the upper floors and commercial or event spaces at street level, particularly in small-town settings.
While primary historical records are limited, the building’s layout and architectural features strongly suggest it once housed a lodge meeting space, underscoring its civic significance and potential for thoughtful redevelopment that honors its past while supporting new uses.
The building features a large interior with notable elements such as a ballroom on the third floor, a design characteristic commonly found in former lodge buildings and multi-use downtown properties. Historically, Masonic structures often served dual purposes, with lodge meeting halls on the upper floors and commercial or event spaces at street level, particularly in small-town settings.
While primary historical records are limited, the building’s layout and architectural features strongly suggest it once housed a lodge meeting space, underscoring its civic significance and potential for thoughtful redevelopment that honors its past while supporting new uses.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
11,375 SF
Building Class
B
Year Built
1915
Price
$206,216 CAD
Price Per SF
$18.13 CAD
Percent Leased
100%
Building Height
4 Stories
Building FAR
2.18
Lot Size
0.12 AC
Zoning
C - Commercial
Walk Score®
Very Walkable (73)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 600-62-83-260170-00 | Improvements Assessment | $37,627 CAD |
| Land Assessment | $9,280 CAD | Total Assessment | $46,907 CAD |
PROPERTY TAXES
Parcel Number
600-62-83-260170-00
Land Assessment
$9,280 CAD
Improvements Assessment
$37,627 CAD
Total Assessment
$46,907 CAD
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422 E Coolbaugh St
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