# 5047 HWY 3, Cherokee, IA 51012 > **TL;DR:** commercial, $850,000, built 1977. > A/C. Est. $4,546/mo. Listed 81 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $850,000 | | Year Built | 1977 | | Lot Size | 323,215 sqft (7.42 acres) | | Property Type | Commercial (Other) | | Status | Active | | Days on Market | 81 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $4,298 | | Estimated Insurance | $248 | | **Total** | **$4,546** | ## Nearby Schools - **Elementary:** Cherokee - **Middle:** Cherokee - **High:** Cherokee ## Key Amenities - A/C ## Property Highlights - Built in 1977 - 7.42 acre lot ## Description ### Agent Description This property has many options for use. You could run 1 large business out of it or it could be broken up for several different uses. The main building consists of a 5,514 sq ft office space with up to 8 offices and a 5,920 sq ft shop space that has 5 overhead doors 12W x 14T all with openers, a caged parts room with an upper mezzanine, and a crew room\office. There is a seperate pole\ warehouse building 4,992 Sq ft that is uninsulated with a concrete floor and overhead doors on both ends. Another insulated and heated garage with 3 overhead doors with 1,560 sq feet isalso on the property. The equiptment yard and large lay down yard is fenced with 6ft high chain link fence with 3 srandeds of barbed wire on top. All of this sits on 7.42 acres with almost 1,360 feet of highway 3 frontage. This is an excellent property to start your business or expand an existing business. If your an investor looking to add to your rental portfolio, take a look!!!!!! ## Location - **Address:** 5047 HWY 3, Cherokee, IA 51012 - **County:** Cherokee ## Listing Agent - **Name:** Mike Pitts - **Brokerage:** Gustafson Realty - **Broker Phone:** 7122254388 ## Photos ![5047 HWY 3 - Photo 1](http://lh.rdcpix.com/0794dc59383d1afae861fe7f4e4949e5l-f3309613233r.jpg) ![5047 HWY 3 - Photo 2](http://lh.rdcpix.com/0794dc59383d1afae861fe7f4e4949e5l-f1317586502r.jpg) ![5047 HWY 3 - Photo 3](http://lh.rdcpix.com/0794dc59383d1afae861fe7f4e4949e5l-f2617386112r.jpg) ![5047 HWY 3 - Photo 4](http://lh.rdcpix.com/0794dc59383d1afae861fe7f4e4949e5l-f3453325546r.jpg) ![5047 HWY 3 - Photo 5](http://lh.rdcpix.com/0794dc59383d1afae861fe7f4e4949e5l-f2658615757r.jpg) ![5047 HWY 3 - Photo 6](http://lh.rdcpix.com/0794dc59383d1afae861fe7f4e4949e5l-f3579705578r.jpg) ![5047 HWY 3 - Photo 7](http://lh.rdcpix.com/0794dc59383d1afae861fe7f4e4949e5l-f860641667r.jpg) ![5047 HWY 3 - Photo 8](http://lh.rdcpix.com/0794dc59383d1afae861fe7f4e4949e5l-f2850648718r.jpg) ![5047 HWY 3 - Photo 9](http://lh.rdcpix.com/0794dc59383d1afae861fe7f4e4949e5l-f3478509202r.jpg) ![5047 HWY 3 - Photo 10](http://lh.rdcpix.com/0794dc59383d1afae861fe7f4e4949e5l-f1372573468r.jpg) --- **MLS#:** 834247 | **Updated:** 2026-10-28 **Source:** listhub *Copyright © 2026 Northwest Iowa Regional Board of Realtors. 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/5047-hwy-3-cherokee-ia-51012-73cea08ac1b94754adbe6a93b0664da6) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://staging.propertysimple.ai/listing/5047-hwy-3-cherokee-ia-51012-73cea08ac1b94754adbe6a93b0664da6#listing", "url": "https://staging.propertysimple.ai/listing/5047-hwy-3-cherokee-ia-51012-73cea08ac1b94754adbe6a93b0664da6", "name": "5047 HWY 3, Cherokee, IA 51012", "description": "This property has many options for use. You could run 1 large business out of it or it could be broken up for several different uses. 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