222 Water Street Cambridge, IA ^$ 1,100,000

222 Water Street

^$ 1,100,000

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Recently Listed

222 Water Street

Cambridge, IA, 50046

^$ 1,100,000

Bedrooms-- Baths-- Sq 6,554

Monthly Estimate*

^$ 6,773

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Commercial Property for sale in Cambridge, IA

for $1,100,000. This 6,554 square foot building was built in 1890 on a lot size of 0.137.

Great opportunity to own a versatile commercial property offering multiple income streams with two retail spaces and four residential units all in one location. The property includes a studio apartment that is handicap accessible for added convenience and flexibility along with three brand new two bedroom apartments each featuring a full bath, stainless steel appliances, and in unit washer and dryers. With a strong mix of commercial and residential spaces this property is ideal for investors or owner occupants looking to maximize rental potential with modern amenities that appeal to today’s tenants.

Commercial Active

Price

^$ 1,100,000

Property Type

Commercial

Taxes

^$ 0

Style

Lot Size

0.137

Year Built

1890

Town/City

Cambridge

County/Region

Story

MLS | Web ID

736887

List By

Jen Grimm

Listing Agent

Lpt Realty, Llc

Broker

jengrimmhomes@gmail.com

Affordability Calculator

$6,773

Per Month

Monthly Principal & Interest: $6,773
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Cambridge, IA

Average List Price ^$925,000

Percent of Sale Price 16%

About Cambridge, IA

813 Population

6% Since 2002

^$60,227 Median Income

39.7 Median Age

35% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4814436 Elementary School

4814435 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/24/2026	$1,100,000		Listed Price

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222 Water Street, Cambridge, IA, 50046 is a Commercial Property for sale at $1,100,000 with 6,554 sqft and a lot size of 0.137. 222 Water Street was built in 1890. The property's zip code is 50046 which is in Cambridge, IA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data courtesy of the Internet Data Exchange (IDX) Program of the Des Moines Area Multiple Listing Service.

Data is updated as of 3/30/2026.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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222 Water Street

Commercial Property for sale in Cambridge, IA

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