218 E Main St, Marshalltown, IA 50158

Property Description

Own a piece of Marshalltown’s history and its vibrant future! Located in the heart of the Downtown Historic District—a center of Iowa commerce since 1900—this versatile mixed-use asset spans three lots and offers a rare blend of character and cash flow. The property features three ground-level commercial storefronts, two efficiency apartments, and a leased loading dock/warehouse area. The "crown jewel" is an expansive 5,400+ sq. ft. second-story loft that defines luxury downtown living. Boasting soaring ceilings and private elevator access, this stunning owner’s suite features 3 bedrooms and 2.5 bathrooms. Don't forget there is a massive 3,000 sq. ft. indoor garage featuring a 14' x 14' door for the loft. Would be perfect to live in or rent as an Airbnb. The timing is historic. As Marshalltown undergoes its massive "Main Event" streetscape reconstruction, this property is perfectly positioned to benefit from brand-new sidewalks, designer streetscapes, and enhanced pedestrian lighting. This project continues the legacy of a downtown that has evolved from a 19th-century railroad hub into a modern regional destination. With two extra lots for future development (subject to approval), this is more than a building—it’s a stake in the next chapter of our city’s story. Whether you’re seeking a premier live-work setup or a robust addition to your portfolio, the potential here is endless. Schedule your private tour today and see the future of Marshalltown!