218 Main Street

1,300 Sq. Ft.
$199 / Sq. Ft.
1,300
Sq. Ft.
$199
per Sq. Ft.

Description

Prime mixed-use investment opportunity in the heart of downtown McGregor. This historic brick building features a main-level commercial storefront currently leased as a coffee shop and three residential apartments, creating multiple income streams in a highly visible Main Street location. The residential layout includes a newly remodeled one-bedroom, one-bath unit on the main level, an upstairs efficiency apartment, and a two-bedroom, one-bath unit with interior stairs and a private balcony. All...Prime mixed-use investment opportunity in the heart of downtown McGregor. This historic brick building features a main-level commercial storefront currently leased as a coffee shop and three residential apartments, creating multiple income streams in a highly visible Main Street location. The residential layout includes a newly remodeled one-bedroom, one-bath unit on the main level, an upstairs efficiency apartment, and a two-bedroom, one-bath unit with interior stairs and a private balcony. All units are in great condition and offer rustic charm consistent with the building’s character. Well maintained with newer HVAC systems and recent roof and plumbing updates. When fully leased, the property offers gross rental potential of approximately $34,800 annually. Strong opportunity for investors seeking income and long-term value in a desirable river town with consistent tourism and small-business activity.
  1. Listed by Colton Day • RE/MAX Gold • 608-306-2865

Property Details for 218 Main Street

Zoning
Commercial
LISTING UPDATED: 03/18/2026 10:55 AM

Property Details for 218 Main Street

StatusActive
MLS #2016669
Days on Market34
Taxes$1,902 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Apartment building
Year Built1890
CountyClayton County

Location

Listing Courtesy of RE/MAX Gold
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Building Information for 218 Main Street

Building/Complex218 Main StFloor-Stories-Residences4Pet Policy-Pet Policy Details-Year Built1890Building Size-

Payment Calculator

$1,415 per month

30 year fixed, 6.11% Interest

Principal and Interest

$1,257

Property Taxes

$159

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 218 Main Street

Summary
Location and General Information
  • C/T/V: City
  • County: Clayton
  • Directions: 200 Block of McGregor's Main Street
  • Location: Iowa State
  • Mailing City: McGregor
  • Municipality: McGregor
  • State: IA
  • Zip: 52157
Parking
  • Park/Unit: Outside
  • Parking Spaces Outside: 3
  • Parking Stalls Inside: 0
School Information
  • Elementary: Call School District
  • High School: Call School District
  • Middle School: Call School District
  • School District: MFL MarMac
Taxes and HOA Information
  • Net Taxes: $1,902.00
  • Parcel ID: 34-22-451-013
  • Tax Year: 2024
Property
Property and Assessments
  • Class: Multi Family
  • Improvements: 117608
  • Land Assess: $11,374.00
  • Legal Documents: Condition report on file
  • Total Assess: $128,982.00
  • Total Assess Year: 2025
  • Type: Apartment building, 2 story, Other
  • Year Built: 1890
Lot Information
  • Estimated Total Acres: 0.06
  • Source of Est. Acres: Assessor
  • Source of Year Built: Assessor
Utilities
  • Utilities: Separate elec meters, Separate gas meters
  • Water/Waste: Municipal water, Municipal sewer
Interior and Exterior Features
Exterior Features
  • Exterior: Brick
Interior Features
  • Items Included: Washer, Dryer, Microwave, 3 Stoves, 3 Refridgerators, window ac
  • Items Excluded: sellers and renters personal property
  • Number of Dish Washers: 0
  • Number of Dryers: 1
  • Number of Furnaces: 3
  • Number of Stoves: 3
  • Number of Refrigerators: 3
  • Number of Washers: 1
  • Number of Water Heaters: 3
  • Number of Water Softeners: 0
  • Basement: Full, Other foundation
  • Heating Fuel: Propane
  • Heating Type: Forced air
  • Number of Efficiencies: 1
Room Information
Bedrooms
  • Number of 1 Bedrooms: 1
  • Number of 2 Bedrooms: 1
  • Number of 3+ Bedrooms: 0
Multi Family
Unit Information
  • Number of Units w/AC: 4
  • Number of Units: 4
Income & Expenses Information
  • Net Operating Income: $0
  • Net Operating Income Year: 0
  • Total Expenses: $0
  • Total Income: $34,800
Unit 1
  • U1 Landlord Pays Heat: No
  • U1 Landlord Pays Electric: No
  • U1 Landlord Pays Water/Sewer: Yes
  • Unit 1: Family/Rec rm,Eat-in kitchen,Balcony/patio,Air conditioning,Range/oven,Refrigerator,Washer/dryer,Individual heat control,Primary bedroom bath,In-unit laundry,Vaulted ceiling(s),Pantry
  • U1 Parking: Street
  • U1 Number of Bedrooms: 2
  • U1 Full Baths: 1
  • U1 Half Baths: 0
  • U1 SqFt: 600
  • Unit 1 Kitchen Level: M
  • Unit 1 Living/Great Room Level: M
  • Unit 1 Primary BedRoom Level: M
  • Unit 1 Kitchen Dimensions: 12x16
  • Unit 1 Living/Great Room Dimensions: 14x14
  • Unit 1 Primary BedRoom Dimensions: 12x15
Unit 2
  • U2 Landlord Pays Heat: No
  • U2 Landlord Pays Electric: No
  • U2 Landlord Pays Water/Sewer: Yes
  • Unit 2: Eat-in kitchen,Air conditioning,Range/oven,Refrigerator,Vaulted ceiling(s)
  • U2 Parking: Street
  • U2 Number of Bedrooms: 1
  • U2 Full Baths: 1
  • U2 Half Baths: 0
  • U2 SqFt: 700
Unit 3
  • Unit 3: Family/Rec rm,Air conditioning,Range/oven,Refrigerator,Vaulted ceiling(s),Individual heat control,Primary bedroom bath,Pantry,Shared basement

Property History for 218 Main Street

DateEvent & SourcePriceAppreciation
Feb 17, 2026

Listed (Active)

SCWMLS #2016669

$259,000
Feb 12, 2026

Temporarily Off Market

SCWMLS #2008335

Feb 11, 2026

Temporarily Off Market

SCWMLS #2008334

Nov 3, 2025

Temporarily Off Market

SCWMLS #2008334

Nov 3, 2025

Listed (Active)

SCWMLS #2008334

$265,000
Oct 17, 2025

Contract Out

SCWMLS #2008334

Sep 9, 2025

Listed (Active)

SCWMLS #2008335

$265,000
Sep 9, 2025

Listed (Active)

SCWMLS #2008334

$265,000
Nov 30, 2022

Sold

SCWMLS #1944993

Oct 15, 2022

Contract Signed

SCWMLS #1944993

Oct 15, 2022

Contract Out

SCWMLS #1944993

Oct 7, 2022

Listed (Active)

SCWMLS #1944993

$159,900
Oct 5, 2022

Temporarily Off Market

SCWMLS #1931575

Apr 12, 2022

Price Change

SCWMLS #1931575

$165,000
Apr 12, 2022

Listed (Active)

SCWMLS #1931575

$159,900
DateEvent & SourcePrice
02/17/2026

Listed (Active)

SCWMLS #2016669

$259,000
02/12/2026

Temporarily Off Market

SCWMLS #2008335

02/11/2026

Temporarily Off Market

SCWMLS #2008334

11/03/2025

Temporarily Off Market

SCWMLS #2008334

11/03/2025

Listed (Active)

SCWMLS #2008334

$265,000
10/17/2025

Contract Out

SCWMLS #2008334

09/09/2025

Listed (Active)

SCWMLS #2008335

$265,000
09/09/2025

Listed (Active)

SCWMLS #2008334

$265,000
11/30/2022

Sold

SCWMLS #1944993

10/15/2022

Contract Signed

SCWMLS #1944993

10/15/2022

Contract Out

SCWMLS #1944993

10/07/2022

Listed (Active)

SCWMLS #1944993

$159,900
10/05/2022

Temporarily Off Market

SCWMLS #1931575

04/12/2022

Price Change

SCWMLS #1931575

$165,000
04/12/2022

Listed (Active)

SCWMLS #1931575

$159,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 218 Main Street

This home is within Mfl Marmac Community School District.
Rating
School
Type
Grades
Distance
Public - PK to 3
Public - 6 to 8
Public - 9 to 12
Public - 4 to 5
Rating
School
Distance
Mfl Marmac Elementary School
PublicPK to 3

Mfl Marmac Middle School
Public6 to 8

Mfl Marmac High School
Public9 to 12

Mcgregor Intermediate School
Public4 to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

218 Main Street is a multi-family home for sale in McGregor, IA 52157. This property was listed for sale on February 17, 2026 by RE/MAX Gold, it's currently listed at $259,000. It has been on the market for a total of 34 days and was last sold on November 30, 2022. This listing's school district is Mfl Marmac Community School District. Nearby schools include Mfl Marmac Elementary School, Mfl Marmac Middle School and Mfl Marmac High School. 218 Main Street is a 3-bed, 2-bath, 1,300 sqft multi-family home built in 1890.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Gold

Based on information from one of the following Multiple Listing Services: South Central Wisconsin MLS Corporation, REALTORS Association of Northeast Wisconsin. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by South Central Wisconsin MLS Corporation, REALTORS Association of Northeast Wisconsin is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Data last updated on 03/18/2026 10:55 AM