House for sale • 180 m² without real estateWermingser Str. 17, , North Rhine-Westphalia

Expertly evaluated: Potential investment metrics:

The requested purchase price is based on a current professional appraisal.

Purchase Price: €329,000

Projected Annual Net Cold Rent (Target): €22,200

Purchase Price Factor (Target): 14.8

Potential Gross Rental Yield: 6.75%

Important note on the rental situation (ideal for developers):

The property has been in uninterrupted family ownership since it was built in 1966 and was exclusively owner-occupied for decades. It has never been rented out to third parties in the past.

Your advantage: No binding, low-yield legacy rental agreements from the past.

The stated rental incomes (commercial: approx. €650 / residential: approx. €1,200) are realistically set target rents for a new lease that reflect the property’s potential after personal adjustments.

This exceptional mixed-use building, which was run as a traditional jewelry store for many decades, combines an attractive commercial space with an individual, spacious apartment. It offers a rare opportunity to combine living and working or serves as an appealing investment for those with an eye for unique properties.

The Storefront – Representative and Right in the Heart of the Action

On the ground floor, there is an approximately 60 m² modern storefront, equipped with an alarm system and featuring generous display windows made of safety glass that open directly onto the bustling pedestrian zone. The sales area is fitted with a low-maintenance vinyl floor in wood-look, an air conditioning system, and an alarm-secured entrance door. The existing cube-design display cases provide versatile presentation options and lend the business a modern, attractive character.

Adjacent to the sales area are another room with a safe, cabinets, and shelves, as well as a smaller room that was formerly used as a workshop. From here, a beautiful wooden spiral staircase leads to the apartment above.

The approximately 120 m² apartment spans three levels and impresses with its individual charm, generous spaces, and numerous thoughtful details. The large, double-glazed aluminum windows – renewed in 2016 – let in plenty of natural light and create a bright, friendly atmosphere.

On the first residential level, there is a small guest WC as well as an open, cozy living area with a fireplace and exposed wooden beams. From here, you access the spacious living room with genuine hardwood flooring, offering plenty of room for relaxed moments and individual furnishing ideas.

A staircase leads to the second residential level with a central corridor. Straight ahead is the kitchen included in the purchase price. To the left, you find the balcony, which provides a sheltered outdoor area right in the heart of the city center.

On the right is the spacious dining room with attractive strip parquet flooring.

On the top floor, there is a large bedroom with a fitted wardrobe, a smaller additional bedroom, and a bathroom with a shower. An automatically opening skylight in the bathroom allows natural light and fresh air to enter. Adjacent to the smaller bedroom is a separate WC that also offers space for a washing machine and dryer. A special highlight is the view from the third floor: beyond the historic facades of the Iserlohn pedestrian zone, an expansive vista opens up toward the green Iserlohn city forest.

Until around 2012, the entire flat roof of the building was used as a roof garden. During a later roof renovation, this unique outdoor area was removed.

The possibility of reviving the former roof garden could present an additional perspective for the property.

The property is located in the central inner-city area of Iserlohn, directly on Wermingser Straße. Here, retail, gastronomy, urban life, and historic architecture converge. The location offers short distances to numerous everyday amenities and the city's cultural attractions.

In the immediate vicinity are the Old Town Hall Square, the Reformed Church, and the historic alleyways of the old town. The city museum at Fritz-Kühn-Platz also offers insights into Iserlohn’s history.

For customers and visitors, several parking options are available in the city center, including the Altstadt parking garage with around 300 spaces and the City parking garage with around 600 spaces.

Known as a “forest town,” Iserlohn also offers numerous opportunities for walks and excursions into nature beyond the downtown area.

Important note regarding access:

The apartment is accessible exclusively through the storefront. The entire building has only one common entrance. A separate external access to the apartment does not currently exist.

(This has already been fully taken into account as a value-diminishing factor.)

A garage is available in the immediate vicinity "Am Knallenbrink," currently rented additionally for €50 per month and can continue to be rented.