418 E Coolbaugh St, Red Oak, IA 51566

Property Description

This mixed-use property in downtown Red Oak includes four well-maintained two-bedroom apartments with common-area laundry and individual storage closets all leased MTM, along with two ground-level storefronts in shell condition with ADA restrooms, ready for tenant improvements. Located along a walkable, high-visibility downtown corridor, the property benefits from Red Oak's affordable housing market and strong local tenant base. The building showcases classic Victorian architecture, with detailed brickwork, tall windows, and a traditional façade painted in 2015 in period-appropriate colors. Originally Red Oak's first post office, it offers a rare opportunity to own a piece of the community's architectural and civic history. The building's detailed brickwork, tall windows, and traditional façade capture the craftsmanship and charm typical of the period. The façade was freshly painted in 2020 in traditional colors, preserving its historic character while giving it a refreshed, well-maintained appearance. Adding to its significance, the property was Red Oak's original post office anchoring it in the town's civic history. Buildings like this played a central role in early community life, serving not only as mail centers but also as gathering points and symbols of local progress. Its dual identityas a Victorian-era commercial building and a former federal usemakes it a rare piece of Red Oak's architectural and cultural heritage.