C-2 Restaurant
For Sale
$225,000
1640 1st Street W, Independence, IA 50644
Commercial Sale, Independence, IA
Property Size2,820 SF
Lot Size0.72 Acres
Price / SF$79.79
Days on Market166
Property Features for 1640 1st Street W
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
C-2
Directions
1st St. West between 16th & 17th Ave. N.W.
Standard status
Active
APN
0633452003
Lot size
0.72 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Rush Park Blk 2 Lots 9-10-11-12-13 Exc N6.75'
Tax Annual Amount
6308
Legal Description
Rush Park Blk 2 Lots 9-10-11-12-13 Exc N6.75'
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Building Details
Year built
1976
Roof type
Composition
Listing Agency:
RE/MAX Independence Realty · RE/MAX International
(319) 334-5703
Listed By:
Curt Martin · License #B56021000
(563) 920-8212
Added: Mar 24
Changed: Sep 4
Last Checked: Sep 5 at 4:06AM
MLS# 20261137
Copyright © 2026 Northeast 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.
Investment Insights
Based on property information with market context.
This 2,820-square-foot commercial building was most recently used as a restaurant and carries C-2 zoning. The 0.723-acre property includes two concrete parking areas measuring 12,200 square feet each. Building systems include forced-air heating, natural gas, central air conditioning, a composition roof, water availability, and public sewer service. Constructed in 1976, the property offers an established commercial building configuration for continued restaurant use or another use supported by its zoning.
Located at 1640 1st Street W in Independence, the property is 1.5 miles from Highway 20 and near the Independence Community Schools campus. Surrounding businesses include Subway, Advance Auto Parts, Dollar General, Pizza Ranch, and Super 8 Motel, placing the building within an active commercial setting.
Located at 1640 1st Street W in Independence, the property is 1.5 miles from Highway 20 and near the Independence Community Schools campus. Surrounding businesses include Subway, Advance Auto Parts, Dollar General, Pizza Ranch, and Super 8 Motel, placing the building within an active commercial setting.
Key Highlights
- 2,820‑square‑foot commercial building on a 0.723‑acre parcel
- Two concrete parking areas, each measuring 12,200 square feet
- C‑2 zoning with prior restaurant use
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
139
Businesses Nearby
24k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 64%
Dining 34%
Hotels & Casinos 2%
Casey's
Shops & Services
7,525 visits/mo
0.5 miles
Pizza Ranch
Dining
4,486 visits/mo
0.3 miles
Dollar General
Shops & Services
4,292 visits/mo
0.2 miles
SUBWAY
Dining
3,608 visits/mo
0.1 miles
Advance Auto Parts
Shops & Services
2,298 visits/mo
0.1 miles
Demographics for 50644, IA
8,795
Population
3,921
Households
2.2
Avg Household Size
42
Median Age
24%
College-Educated
96%
High-School Grad
145.0 sq mi
ZIP Area
61
Density / Sq Mi
$79,861
Median Household Income
$41,689
Median Earnings
$770
Median Rent
$174,000
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - C-2-zoned restaurant property with two concrete parking areas and central air.
Where is this conventional restaurant located?
The property is located at 1640 1st Street W Independence, IA.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 2,820‑square‑foot commercial building on a 0.723‑acre parcel; Two concrete parking areas, each measuring 12,200 square feet; C‑2 zoning with prior restaurant use
