209 Main Street Malcom, IA $ 150,000
209 Main Street
$ 150,000
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209 Main Street

Malcom, IA, 50157
$ 150,000
Bedrooms-- Baths--

Monthly Estimate*

$ 924

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Commercial Property for sale in Malcom, IA

for $150,000. This building was built in 1900 on a lot size of 0.11.

Rare investment opportunity in the heart of Malcom, Iowa, featuring a versatile mixed-use building. This unique property includes a commercial storefront currently occupied by the local post office and a residential rental apartment on the second floor, providing a dual-income stream from day one. Situated on a large, low-maintenance gravel lot, the property offers expansive off-street parking or the flexibility for future site improvements. While the main floor provides a steady commercial presence, the true value lies in the flexibility of the space and the residential unit above, making it an ideal addition to any portfolio or a perfect live-work setup for a local owner. Whether you are looking for a reliable entry-level investment or a property with character and utility, this Malcom staple is a must-see. Grab this chance to own a piece of the community with built-in versatility and room to grow. Call today!

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Commercial Active

Price

$ 150,000

Property Type

Commercial

Taxes

$ 618

Style

Mixed Use

Lot Size

0.11

Year Built

1900

Town/City

Malcom

County/Region

Poweshiek

MLS | Web ID

6338231

Features
General
Sewer City Sewer/Connected
Heating Forced Air
Utilities None
Garage Spaces 0
Architectural Style Mixed Use
Construction Materials Brick
Year Built 1900
Tax Year 2024
Current Use Office
County Poweshiek
Property Type Commercial Sale
Contingency None
Possible Use Office Retail Other
Status Active
Directions From the interstate head North into Malcom on HWY 63 turn left (West) on 2nd St. Turn right (North) on Main St. Property will be on the left. (West side of the St.)
Open Parking Spaces 0
Number Of Units Total 2
Lot Size Units Acres
Lot Size Square Feet 4791.6
Tax Annual Amount 618
Living Area Units Square Feet
Standard Status Active
Legal Description LITTLES LOTS 5 & 6 & S 5 1/3' 7 BLOCK 11
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Exterior
Parking Features Outside Gravel
Water Source Public
Lot Dimensions 33.33 x 140
Lot Size Acres 0.11
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* Excluded Features
List By
Matthew Karjalahti

Listing Agent

Re/Max Partners Realty, Grinnell

Broker

matt@remaxcentralia.com

Email

Affordability Calculator

$975
Per Month
95%
5%
0%
Monthly Principal & Interest
$924
Monthly Property Taxes
$52
Monthly 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
2872932 Elementary School
2872966 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/13/2026$150,000 Listed Price

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209 Main Street, Malcom, IA, 50157 is a Commercial Property for sale at $150,000 with a lot size of 0.11. 209 Main Street was built in 1900. The property's zip code is 50157 which is in Malcom, IA