405 Chestnut Street Atlantic, IA ^$ 114,900

405 Chestnut Street

^$ 114,900

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Recently Listed

405 Chestnut Street

Atlantic, IA, 50022

^$ 114,900

Bedrooms-- Baths-- Sq 2,517

Monthly Estimate*

^$ 725

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Commercial Property for sale in Atlantic, IA

for $114,900. This 2,517 square foot building was built in 1895 on a lot size of 0.08.

Investment opportunity in the heart of historic downtown Atlantic! This well-maintained commercial building is an excellent addition to any investment portfolio, featuring a long-term tenant with a strong lease in place for immediate rental income. Located in an attractive and vibrant downtown district there is street parking in the front and 2-3 private parking spaces in back. Current lease runs through September 30, 2029.

Commercial Active

Price

^$ 114,900

Property Type

Commercial

Taxes

^$ 1,260

Style

Mixed Use

Lot Size

0.08

Year Built

1895

Town/City

Atlantic

County/Region

Cass

MLS | Web ID

6341854

Features

General

Sewer City Sewer/Connected

Heating Forced Air

Cooling Central Air

Utilities Electric Common Heating Common Hot Water Common

Roof Rubber

Garage Spaces 0

Architectural Style Mixed Use

Construction Materials Brick

Year Built 1895

Tax Year 2024

Current Use Business Office

Accessibility No Stairs Internal No Stairs External

County Cass

Property Type Commercial Sale

Contingency None

Subdivision Name ORIGINAL TOWN - ATLANTIC

Possible Use Diversified Lounge/Bar Medical/Dental Office Professional/Office Retail

Status Active

Directions Downtown on Chestnut Street.

Open Parking Spaces 2

Number Of Units Total 1

Lot Size Units Acres

Lot Size Square Feet 3484.8

Tax Annual Amount 1260

Living Area Units Square Feet

Standard Status Active

Legal Description LOT 3 (EXC E4/7 OF N1/50) BLK 28

Interior

Basement Unfinished

Exterior

Parking Features Asphalt On Street

Water Source Public

Building Area Total 2517

Lot Dimensions 24.5x140

Lot Size Acres 0.08

* Excluded Features

List By

Melissa Ihnen

Listing Agent

Meyer & Gross Real Estate Co

Broker

melihnen@hotmail.com

Affordability Calculator

$830

Per Month

Monthly Principal & Interest: $725
Monthly Property Taxes: $105
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% 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 Atlantic, IA

Average List Price ^$312,967

Percent of Sale Price 172%

About Atlantic, IA

6,968 Population

-3% Since 2002

^$42,196 Median Income

43.67 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2872932 Elementary School

2872966 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
8/20/2026	$114,900		Listed Price

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405 Chestnut Street, Atlantic, IA, 50022 is a Commercial Property for sale at $114,900 with 2,517 sqft and a lot size of 0.08. 405 Chestnut Street was built in 1895. The property's zip code is 50022 which is in Atlantic, IA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% 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.

The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of the Iowa Association of REALTORS service.

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.

Data is deemed reliable but is not guaranteed accurate by the the MLS. The MLS may, at its discretion, require use of other disclaimers as necessary to protect participants and/or the MLS from liability. Data is updated as of 9/2/2026.

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405 Chestnut Street

Commercial Property for sale in Atlantic, IA

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