Unique Brick 1944 Bank Converted into Residential Home + Commercial Space! Don't miss this rare opportunity to own a piece of history with modern flexibility! This unique property has been thoughtfully converted into a spacious 1,280 SF residential home (with full basement, doubling the SF), with potential for commercial use — or both! As you enter the house, you'll immediately notice how quiet it is inside. Look up and you'll see original tin ceiling tiles (said to be hidden throughout the home under the drop ceiling). This home has 2 bedrooms plus a non-conforming 3rd bedroom, 1 full bath, and 2 half baths, and an eat-in kitchen with a stainless steel refrigerator and a gas stove. A converted tuck-under garage now serves as a recreation room and family room with its own private entrance, ideal for a business setup or separate living quarters. Additional features include: NEW Roof in August 2025 on both house and garages Newer covered back deck with built-in seating Newer windows Newer furnace and hot water heater Two oversized detached garages Multiple off-street parking spaces Shared south driveway Dual access from S 18th Street and Cottage Street. Zoned for flexibility and located on a high-traffic street, this property is ideal for a home-based business, boutique shop, office, or investment opportunity. Selling as-is, with any remaining furniture and personal items included. The solid bones are there! Just add your cosmetic upgrades to make this your own!
Active
Price cut: $20K (12/15)
$125,000
1605 S 18th St, Centerville, IA 52544
3beds
1,280sqft
Est.:
Single Family Residence
Built in 1944
4,356 Square Feet Lot
$-- Zestimate®
$98/sqft
$-- HOA
What's special
Built-in seatingRecreation roomPrivate entranceTin ceiling tilesHot water heaterCovered back deckOff-street parking spaces
- 82 days |
- 98 |
- 4 |
Zillow last checked: 8 hours ago
Listing updated: December 16, 2025 at 05:01pm
Listed by:
Carie Leon 641-658-3111,
Iowa Realty South Lakes
Source: NoCoast MLS as distributed by MLS GRID,MLS#: 6332452
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 1
- 1/2 bathrooms: 1
- 1/4 bathrooms: 1
Heating
- Forced Air
Cooling
- Central Air
Features
- Basement: Full
Interior area
- Total interior livable area: 1,280 sqft
Property
Parking
- Total spaces: 3
- Parking features: Gravel
- Garage spaces: 3
Accessibility
- Accessibility features: None
Lot
- Size: 4,356 Square Feet
- Dimensions: 45 x 140
Details
- Parcel number: 341011001340000
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Raised Ranch
- Property subtype: Single Family Residence
Materials
- Brick
Condition
- Year built: 1944
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: ADAMSONS ADD
HOA
- Has HOA: No
- HOA name: SEIA
Location
- Region: Centerville
Financial & listing details
- Price per square foot: $98/sqft
- Tax assessed value: $35,490
- Annual tax amount: $746
- Date on market: 10/2/2025
- Cumulative days on market: 82 days
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/15/2025 | Price change | $125,000-13.8%$98/sqft |
Source: | ||
| 10/7/2025 | Price change | $145,000-21.6%$113/sqft |
Source: | ||
| 10/2/2025 | Listed for sale | $185,000$145/sqft |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $736 -18.8% | $35,490 +7% |
| 2023 | $906 +5.6% | $33,170 -11.6% |
| 2022 | $858 +5.1% | $37,540 +3.3% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$659/mo
Principal & interest
$485
Property taxes
$130
Home insurance
$44
Climate risks
Neighborhood: 52544
Nearby schools
GreatSchools rating
- 5/10Lakeview Elementary 4-5-6 SchoolGrades: K-5Distance: 0.5 mi
- 3/10Howar Middle SchoolGrades: 6-8Distance: 0.7 mi
- 3/10Centerville High SchoolGrades: 9-12Distance: 0.8 mi
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