14 N Elm St

For Sale

14 N Elm St, Colfax, IA 50054

Nestled in the heart of Colfax, Iowa, this property offers a unique investment opportunity in a close-knit community. The surrounding area is home to local amenities and attractions, including the scenic Colfax Country Club and picturesque Chichaqua Valley Trail. This laundromat with owner-leased apartments presents an enticing prospect for investors seeking a promising locale with a strong sense of community.Thriving laundromat and a set of well-maintained apartments. The laundromat offers a steady income stream with a loyal customer base, while the apartments provide additional rental income. Built in 1979, this property is a solid and reliable investment in the heart of Colfax, IA. All Laundromat plumbing and electric has been updated in 2018, new asphalt in 2020, water heater replaced in 2025, exterior remodel in 2025, water softener updated in 2024, five of the apartment units have all been updated between 2022-2025. Three 1 bedrooms, two 2 bedrooms, one of those with a garage, and a studio apartment. Many more details available upon request.

Key features

  • 6 Well-maintained apartments, fully leased
  • Constructed in 1979
  • Prime location within the Colfax area
  • Solid and reliable investment opportunity
  • Steady income from laundromat

Building Details

  • For Sale $625,000
  • Property Type Other
  • Property Size 4,789 SF
  • Lot Size 0.17 Acre
  • Additional Rent Price on request
  • Year Built 1979
  • Date Updated Sep 18, 2026
View Attachment
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Contacts

Scott Obstarczyk

NAI Iowa Realty Commercial

Location

  • City Colfax, IA
  • Zip Code 50054
  • Walk score 45/100 Car-Dependent
  • Bike score 22/100 Somewhat Bikeable
Powered by Walk Score ®

Points of Interest

Phillips 66

1.23 miles

Casey's

5.66 miles

Casey's General Store

8.67 miles

Newton 66

8.68 miles

Git 'n Go

9.45 miles

Chichaqua Valley Trail

7.05 miles

McDonald's

1.23 miles

Subway

1.29 miles

Goldie's Ice Cream

5.64 miles

Culver's

8.54 miles

Hardee's

8.56 miles

Perkins

8.56 miles

Legends American Grill

8.56 miles

Taco Bell

8.67 miles

Montana Mike's Steakhouse

8.67 miles

Pizza Ranch

8.68 miles

Newton Fire Department

9.71 miles

Newton Police Department

9.71 miles

Jasper County Sheriffs Office

9.91 miles

Listing Summary

  • Property Financials

    14 N Elm St is currently listed for sale at $625,000 for a price per square foot of $130.51.

  • Property Details

    14 N Elm St totals 4,789 square feet of Mixed Use space on a lot spanning 0.17 acres. The property was initially built in 1979.

  • Area Characteristics

    In terms of ease of commuting, the area has a walk score of 45, indicating that it is car-dependent.

Contact Scott Obstarczyk
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.