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905 S Washington Street Bloomfield, IA $ 1,200,000
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$ 1,200,000 Get more info
905 S Washington Street
$ 1,200,000
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905 S Washington Street

Bloomfield, IA
$ 1,200,000
Bedrooms-- Baths-- Sq 12,000

Monthly Estimate*

$ 8,288

905 S Washington Street, Bloomfield, IA - Image 1
905 S Washington Street, Bloomfield, IA - Image 2
905 S Washington Street, Bloomfield, IA - Image 3
905 S Washington Street, Bloomfield, IA - Image 4
905 S Washington Street, Bloomfield, IA - Image 5

Commercial Property for sale in Bloomfield, IA

for $1,200,000. This 12,000 square foot building was built in 1978 on a lot size of 3.5.

Rare value-add redevelopment opportunity with major upside potential. Situated on approximately 3.5 acres, this former motel property offers the ideal setup for an apartment conversion, workforce housing project, extended stay concept, or mixed-use redevelopment. The existing layout creates an opportunity to reposition the asset into income-producing multifamily units while leveraging the large site for future expansion, additional amenities, storage, parking, or new construction opportunities. Strong demand for affordable housing and rentals in the area makes this a compelling play for investors, developers, and operators looking for forced appreciation. In addition to the redevelopment parcel, the offering includes another parcel generating supplemental income, creating immediate cash flow while plans and improvements are underway.

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Commercial Active

Price

$ 1,200,000

Property Type

Commercial

Taxes

$ 513,750

Style

Lot Size

3.5

Year Built

1978

Town/City

Bloomfield

County/Region

Davis

MLS | Web ID

741156
Features
General
Sewer Public Sewer
County Davis
Property Type Commercial Sale
Home Owner Assoc false
Status Active
Directions Get on I-35 S 4 min (1.5 mi) Take IA-163 E and US-63 S to Eddyville Rd in Wapello County 1 hr 17 min (83.6 mi)
City Bloomfield
Zoning Description C
Lot Size Units Acres
Tax Annual Amount 513750
Lease Considered Y/N false
Standard Status Active
Heating Electric Forced Air Natural Gas
Cooling Central Air
Appliances Cooktop Dryer Dishwasher
Architectural Style
Construction Materials Brick Block
Year Built 1978
Full Baths 0
Occupancy Type Owner
MLS Area Bloomfield
Legal Description 25 69 14 SE COR SE SE EX PARCEL 2025-A1
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Interior
Air Conditioning Y/N true
Heating Y/N true
Half Baths 0
Total Bedrooms 0
Total Baths 0
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Exterior
Lot Features Rectangular Lot
Water Source Public
Lot Size Area 3.5
Lot Size Acres 3.5
Foundation Details Block
Building Area Total 12000
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Internal Only
Street Number 1 905
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* Excluded Features
List By
Benjamin Grotzke

Listing Agent

Lpt Realty, Llc

Broker

ben@bengrotzke.com

Email

Affordability Calculator

$51,101
Per Month
16%
84%
0%
Monthly Principal & Interest
$8,288
Monthly Property Taxes
$42,813
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/19/2026$1,200,000 Listed Price

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905 S Washington Street, Bloomfield, IA, is a Commercial Property for sale at $1,200,000 with 12,000 sqft and a lot size of 3.5. 905 S Washington Street was built in 1978. The property's zip code is which is in Bloomfield, IA

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