# 101 Third Street, Knoxville, IA 50138

> **TL;DR:** commercial, $3,750,000, built 1900.
> A/C. Est. $20,056/mo. Listed 106 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $3,750,000 |
| Year Built | 1900 |
| Lot Size | 7,405 sqft (0.17 acres) |
| Property Type | Commercial (Other) |
| Status | Active |
| Days on Market | 106 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $18,962 |
| Estimated Insurance | $1,094 |
| **Total** | **$20,056** |

## Key Amenities

- A/C

## Property Highlights

- Built in 1900
- 0.17 acre lot

## Description

### Agent Description
Fully renovated, premium mixed-use commercial and residential property located at 101-105 S. 3rd St, Knoxville, Iowa. Positioned in the heart of downtown Knoxville, the property presents a highly diversified, cash-flowing asset leveraging three distinct revenue engines: stabilized long-term residential rentals, high-yield short-term rentals (STRs), and a highly lucrative, scalable wedding and event venue opportunity. The property has recently undergone extensive capital improvements, featuring high-end, modern finishes throughout the residential units and commercial spaces. Historically, the street-level commercial space has housed long-standing local businesses, providing a bedrock of community integration and foot traffic, such as Candi's Flowers which has operated in the Knoxville area since 1983. Recently, current ownership executed a strategic pivot to maximize the property's yield per square foot. By meticulously redesigning and completely renovating the upper floors into premium residential spaces, the building has been transformed into a modern, institutional-grade asset capable of capturing massive seasonal tourism spikes while maintaining baseline profitability through long-term leases.

## Location

- **Address:** 101 Third Street, Knoxville, IA 50138
- **County:** Marion
- **Coordinates:** 41.318749, -93.096092
- **Google Maps:** https://www.google.com/maps?q=41.318749,-93.096092

## Listing Agent

- **Name:** Dennis Darnell
- **Brokerage:** Realty ONE Group Impact
- **Broker Phone:** (515) 446-7524

## Photos

![101 Third Street - Photo 1](http://lh.rdcpix.com/c7ad3521f8269c3fc7ec712cd31c513bl-f2385912925r.jpg)

![101 Third Street - Photo 2](http://lh.rdcpix.com/c7ad3521f8269c3fc7ec712cd31c513bl-f2143255886r.jpg)

![101 Third Street - Photo 3](http://lh.rdcpix.com/c7ad3521f8269c3fc7ec712cd31c513bl-f3982419282r.jpg)

![101 Third Street - Photo 4](http://lh.rdcpix.com/c7ad3521f8269c3fc7ec712cd31c513bl-f1519314334r.jpg)

![101 Third Street - Photo 5](http://lh.rdcpix.com/c7ad3521f8269c3fc7ec712cd31c513bl-f3866600272r.jpg)

![101 Third Street - Photo 6](http://lh.rdcpix.com/c7ad3521f8269c3fc7ec712cd31c513bl-f1871234172r.jpg)

![101 Third Street - Photo 7](http://lh.rdcpix.com/c7ad3521f8269c3fc7ec712cd31c513bl-f1036692825r.jpg)

![101 Third Street - Photo 8](http://lh.rdcpix.com/c7ad3521f8269c3fc7ec712cd31c513bl-f1583376388r.jpg)

![101 Third Street - Photo 9](http://lh.rdcpix.com/c7ad3521f8269c3fc7ec712cd31c513bl-f4195528046r.jpg)

![101 Third Street - Photo 10](http://lh.rdcpix.com/c7ad3521f8269c3fc7ec712cd31c513bl-f3240343216r.jpg)

![101 Third Street - Photo 11](http://lh.rdcpix.com/c7ad3521f8269c3fc7ec712cd31c513bl-f3753251015r.jpg)

![101 Third Street - Photo 12](http://lh.rdcpix.com/c7ad3521f8269c3fc7ec712cd31c513bl-f3510074525r.jpg)

![101 Third Street - Photo 13](http://lh.rdcpix.com/c7ad3521f8269c3fc7ec712cd31c513bl-f4112395494r.jpg)

![101 Third Street - Photo 14](http://lh.rdcpix.com/c7ad3521f8269c3fc7ec712cd31c513bl-f58305900r.jpg)

![101 Third Street - Photo 15](http://lh.rdcpix.com/c7ad3521f8269c3fc7ec712cd31c513bl-f2655658706r.jpg)

![101 Third Street - Photo 16](http://lh.rdcpix.com/c7ad3521f8269c3fc7ec712cd31c513bl-f2187047512r.jpg)

![101 Third Street - Photo 17](http://lh.rdcpix.com/c7ad3521f8269c3fc7ec712cd31c513bl-f2988318188r.jpg)

![101 Third Street - Photo 18](http://lh.rdcpix.com/c7ad3521f8269c3fc7ec712cd31c513bl-f3329132798r.jpg)

![101 Third Street - Photo 19](http://lh.rdcpix.com/c7ad3521f8269c3fc7ec712cd31c513bl-f2925548091r.jpg)

![101 Third Street - Photo 20](http://lh.rdcpix.com/c7ad3521f8269c3fc7ec712cd31c513bl-f979699090r.jpg)

![101 Third Street - Photo 21](http://lh.rdcpix.com/c7ad3521f8269c3fc7ec712cd31c513bl-f1956633162r.jpg)

![101 Third Street - Photo 22](http://lh.rdcpix.com/c7ad3521f8269c3fc7ec712cd31c513bl-f598138732r.jpg)

![101 Third Street - Photo 23](http://lh.rdcpix.com/c7ad3521f8269c3fc7ec712cd31c513bl-f213997873r.jpg)

![101 Third Street - Photo 24](http://lh.rdcpix.com/c7ad3521f8269c3fc7ec712cd31c513bl-f1944580678r.jpg)

![101 Third Street - Photo 25](http://lh.rdcpix.com/c7ad3521f8269c3fc7ec712cd31c513bl-f877099345r.jpg)

![101 Third Street - Photo 26](http://lh.rdcpix.com/c7ad3521f8269c3fc7ec712cd31c513bl-f453827753r.jpg)

![101 Third Street - Photo 27](http://lh.rdcpix.com/c7ad3521f8269c3fc7ec712cd31c513bl-f2574275511r.jpg)

![101 Third Street - Photo 28](http://lh.rdcpix.com/c7ad3521f8269c3fc7ec712cd31c513bl-f1240214750r.jpg)

![101 Third Street - Photo 29](http://lh.rdcpix.com/c7ad3521f8269c3fc7ec712cd31c513bl-f2227194706r.jpg)

![101 Third Street - Photo 30](http://lh.rdcpix.com/c7ad3521f8269c3fc7ec712cd31c513bl-f1738623816r.jpg)

![101 Third Street - Photo 31](http://lh.rdcpix.com/c7ad3521f8269c3fc7ec712cd31c513bl-f1114495544r.jpg)

![101 Third Street - Photo 32](http://lh.rdcpix.com/c7ad3521f8269c3fc7ec712cd31c513bl-f2326094475r.jpg)

---

**MLS#:** 745325 | **Updated:** 2026-10-20
**Source:** listhub

*Copyright © 2026 Des Moines Area Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://staging.propertysimple.ai/listing/101-third-street-knoxville-ia-50138-074e083d35804b978cfc4537a59b8027)

---

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