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    118 N Franklin St Manchester, IA 52057

    New
    For Sale
    $350,000

    MIXED USE - Manchester, IA

    Type:Mixed Use
    Property size:
    5,919 SF
    Days on Market:
    1
    Last Refresh:
    Dec 12 at 8:06 pm

    Property Features for 118 N Franklin St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active
    Zoning
    C - Commercial; R - Resi
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4
    Bathrooms
    4
    APN
    631293400700
    Parking
    10
    Parking features
    Paved or Surfaced
    Basement Y/N
    1
    Size
    5,919 SF

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1900
    Flooring type
    Other, Wood
    Architectural style
    Other

    Skogman - Manchester (563) 920-9194

    Listing agent Kristine Baldwin (563) 920-9194

    Listing date Dec 12, 2025

    MLS# 153597 Listing URL

    Copyright © 2025 East Central Iowa Association 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.

    Overview

    Mixed-Use Building with Loft Apartment

    This mixed-use property in Manchester, Iowa, features a commercial building with a loft apartment. The commercial space offers nearly 2,000 square feet suitable for retail or office use, providing an open and flexible layout with excellent visibility. The property is suited for a growing business, boutique, or professional services. Above the commercial space is a spacious 2-bedroom, 2-bath loft apartment, ideal for either an owner-occupant or for additional rental income. The loft features an open-concept design and an outdoor patio space. A 2-car heated garage is accessible from the loft. An elevator provides access to both levels, enhancing accessibility and convenience throughout the property. The property is zoned for both commercial and residential use. With a total property size of 5,919 square feet, this property offers potential for a live/work setup or as a mixed-use investment opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Manchester
    County
    Delaware
    State
    Iowa
    Longitude
    -91.4578051
    Latitude
    42.483252

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    FAQs

    What type of property is this?
    Mixed-use property - Versatile commercial building with a spacious loft apartment.
    Where is this mixed-use property located?
    The property is located at 118 N Franklin St Manchester, IA.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: - Versatile commercial building with nearly 2,000 sq. ft. of retail/office space.; - Spacious 2-bedroom, 2-bath loft apartment for owner-occupancy or rental income.; - Elevator access to both commercial space and loft apartment.
    (563) 920-9194
    Request Owner's contact information
    118 N Franklin St Manchester, IA 52057
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    Manchester, IA 52057
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    118 N Franklin St Manchester, IA 52057
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