For Sale at Auction
Online Only
c. 1910 Commercial Building
832 Avenue G
Fort Madison, Iowa 52627
Fort Madison, Iowa 52627
The Former Faeth’s Cigar Store
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Bidding Ends: Wed., Jan. 22nd at 10AM - 2 Store Fronts, 4 2 bedroom apartments, 1 3 bedroom apartment
Discover an exceptional investment opportunity in historic downtown Fort Madison, Iowa, with this commercial property featuring two storefronts totaling 4,624 sq. ft., as well as four 1-bedroom and one 2-bedroom upstairs apartments showcasing original hardwood floors and built-ins awaiting refurbishment.
The main floor offers high tin ceilings and original woodwork, creating a versatile space ideal for retail, offices, a restaurant, or showrooms.
Both buildings have a newer membrane roof, ensuring durability and reduced maintenance costs. An adjoining graveled lot provides ample parking or potential for an outdoor venue, enhancing its appeal for various business opportunities.
This property combines income-generating potential with historic charm, making it a rare find in downtown real estate. Don’t miss out—contact us today to explore this unique opportunity!
Auctioneer’s Note: Formerly known as Faeth’s Cigar Store, this property was an iconic downtown neighborhood bar and sporting goods business, offering tremendous potential for revitalization. The apartments, unoccupied since the 1990s, provide great income opportunities with restoration.
Additionally, grants and funding may be available through Downtown Revitalization Programs from the State of Iowa. We strongly encourage all interested parties to contact the Auction Company for a private showing.
The auction will be conducted online only, allowing each bidder to conveniently participate using an electronic device from anywhere!
Scroll down below the map for more information
Discover an exceptional investment opportunity in historic downtown Fort Madison, Iowa, with this commercial property featuring two storefronts totaling 4,624 sq. ft., as well as four 1-bedroom and one 2-bedroom upstairs apartments showcasing original hardwood floors and built-ins awaiting refurbishment.
The main floor offers high tin ceilings and original woodwork, creating a versatile space ideal for retail, offices, a restaurant, or showrooms.
Both buildings have a newer membrane roof, ensuring durability and reduced maintenance costs. An adjoining graveled lot provides ample parking or potential for an outdoor venue, enhancing its appeal for various business opportunities.
This property combines income-generating potential with historic charm, making it a rare find in downtown real estate. Don’t miss out—contact us today to explore this unique opportunity!
Auctioneer’s Note: Formerly known as Faeth’s Cigar Store, this property was an iconic downtown neighborhood bar and sporting goods business, offering tremendous potential for revitalization. The apartments, unoccupied since the 1990s, provide great income opportunities with restoration.
Additionally, grants and funding may be available through Downtown Revitalization Programs from the State of Iowa. We strongly encourage all interested parties to contact the Auction Company for a private showing.
The auction will be conducted online only, allowing each bidder to conveniently participate using an electronic device from anywhere!
Scroll down below the map for more information
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Features.
- Has Rentable Unit(s)
- Built-in Bookcases
- Wood floors
- Cast Iron Radiators
- High Ceilings
- Tin Ceiling(s)
Like This Listing?
Contact the Agent directly.
Call or Text Corey Fraise 319-470-0115
Corey Fraise
Broker / Auctioneer
Mobile: 319-470-0115
Phone: 319-367-5744
cfraise@mchsi.com
Fraise Auction & Real Estate Home Page
Tell 'em you saw it on OldHouses.com!
Downtown Fort Madison, Iowa
This a contributing property in our Park to Park Historic District. Many other down town businesses have taken advantage of Iowa's generous facade improvement grants and financing for revitalizing downtown buildings and upper level residential units!Comments & Feedback
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