500 E Coolbaugh St, Red Oak, IA 51566

Property Description

500 E Coolbaugh St in Red Oak was built in 1895, approximately 34 years after the Civil war, as the area Armory in the Romanesque Castle style. It is located across the street from the post office and less than a block from a paved public parking lot. The "Castle" is a very unique part of Red Oak and Montgomery County's history. It was a gathering place and entertainment venue in it's early life. In it's most recent life it was a very successful furniture business. There are 3 finished floors at 5400 sq ft each, for a total of 16200 sq ft plus an unfinished basement. There is a utility elevator for all floors, and 2 staircases to each of the upper floors. Second floor (5400 sq ft) with elevator access, could be used for storage, a shop space, inventory, etc. The 3rd floor (5400 sq ft) was originally built as a penthouse with commanders quarters. This space was set up for visitors, and still has that original gathering area of 3 large rooms. It is a blank canvas ready to be restored as a living space. Can you imagine it restored for an event venue, or a showroom for your business, or office spaces, or residential housing? The building has a front entrance and a great showroom window with curtain coverage in good shape. In the back of the building there is a double door to the street. You need to see this building to believe how wonderful it could be. Contact your favorite agent to see the "Castle". This property also qualifies for Downtown Urban Renewal Funds.