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Description

Located along East 10th Street near I-229, this mixed-use property is surrounded by high-traffic neighbors including QDOBA Mexican Eats, Taco Bell, Pizza Ranch, Hy-Vee, Starbucks, and Silverstar Car Wash. The property features 7 fully leased apartments ($700–$975/month) and 2 retail tenants ($1,200 front unit, $1,000 back unit), generating a projected 2024 EBITDA of $62,880—an ideal investment with stable income and strong location visibility.

Listing Details

  • Cap Rate

    9%

  • Tenancy

    Multi

  • Space Type

    mixed-use

  • Sub Category

    mixed-use-retail / mixed-use-multifamily

  • Date Listed

    3/26/2026

Property Specifics

  • Property Name

    Freddy Retail & Apartment Building

  • Year Built

    1950

  • Lot Size

    0.24 Ac

  • Zoning

    Commercial

  • Occupancy

    90%