1111 Parkside Street

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Address: 1111 Parkside St, Tiffin, IA 52340, USA
Chicago & Midwest + Apartment Buildings
Created date: October 1, 2025
Date last updated: September 14, 2026

Property Description

This portfolio offers a unique opportunity to acquire 249 units across three newly constructed mixed-use assets, paired with 65,000 square feet of ground-floor commercial space: • The New York (2022): 87 units (100% occupied) and 19,303 square feet of fully leased commercial space. • The Ventnor (2024): 81 units (99% occupied) and 23,411 square feet of commercial space, with four of five suites leased and negotiations ongoing for the final space. • The Baltic (2025): 81 units and 23,522 square feet of commercial space, with certificate of occupancy expected at the end of October 2025, offering near-term upside through initial lease-up. Prospective buyers have the ability to offer on the two stabilized assets or the entire portfolio of three properties. • Class A Finishes & Lifestyle Appeal Each building offers granite countertops, stainless steel appliances, private patios, underground parking, and a variety of floor plans. Commercial tenants across the three properties include a 9,000 square foot fitness center, restaurants, a coffee shop, liquor store, nail salon, and more, creating on-site conveniences that enhance the resident experience. All commercial spaces are leased on NNN terms, shifting responsibility for taxes, insurance, and CAMs to tenants, which reduces landlord expense exposure and supports NOI stability. • Multiple Streams of Revenue Upside Current rents, garage fees, and ancillary income are positioned below market comps, providing investors with a clear path to increase revenue. The combination of modern product, stabilized occupancy, and strong location fundamentals creates immediate upside potential while maintaining durability of cash flow. • Integrated Into a Vibrant Master Development The properties are part of the Park Place master development, sharing a parking lot with PinSeekers, a 56-bay Topgolf-style entertainment center that also features an 18-hole miniature golf course and duckpin bowling, along with the Homemakers Furniture superstore, which has recently broken ground and will span over 680,000 square feet while creating 200+ jobs. Park Place is also the future home of The Palms IMAX Theatre, adding a major entertainment anchor to the area. Together, these attractions drive consistent foot traffic and increase tenant convenience.
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Broker Details

Zach Schneider
Zach Schneider

Greysteel 913-638-2619

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Key Property Information

Listing Status: Unavailable
Listing Type: Call for offers
Property Types: Apartment Buildings
No. of Units: 249
Year Built: 2022
Opportunity Zone: No
Property Website Click Here
Address: 1111 Parkside Street, Tiffin, IA 52340, USA
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