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Mixed-Use Property with Apartments
For Sale
$729,900

805 W Bremer Avenue, Waverly, IA 50677

Commercial Sale, Waverly, IA

Property SizeContact for details
Lot Size0.21 Acres
Days on Market154

Property Features for 805 W Bremer Avenue

General Information

Property type Commercial Sale
Property subtype Office
Zoning C-2A
Directions Use google maps
Standard status Active
APN 0903256009
Lot size 0.21 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description 03-91-14 SUB'D SW NE LOT 1 & E 3' LOT 2 BLK 76
Tax Annual Amount 12422
Legal Description 03-91-14 SUB'D SW NE LOT 1 & E 3' LOT 2 BLK 76

Utilities

Utilities Water Available
Sewer type Public Sewer
Heating system Radiant, Forced Air, Natural Gas
Cooling system Central Air, Multi Units

Amenities

shared coin-operated laundry area

Building Details

Year built 1968
Flooring type Concrete
Building materials Block
Roof type Membrane
Listing Agency: Century 21 Signature Real Estate-Waverly · Century 21 Real Estate
Listed By: Timothy Lalk · License #S71966000
Added: Apr 17 Changed: Sep 14 Last Checked: Sep 17 at 11:06PM
MLS# 20261588

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 1968 mixed-use property at 805 W Bremer Avenue combines a multi-office main level with five residential units upstairs. The apartment mix includes four 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit. Residents share a coin-operated laundry area, and each apartment is separately metered. The building has block construction, concrete flooring, a membrane roof, public sewer, and water available. Heating includes radiant, natural gas, and forced air systems, with multi-unit cooling and central air. The property is located directly across from Wartburg College in Waverly and occupies 0.21 acres. Recent building updates include a rubber roof installed in 2024, replacement windows from 2019, and new furnaces and central air units installed in 2014. C-2A zoning supports the property's mixed-use profile.

Key Highlights

  • Five second‑floor apartments: four 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit
  • Mixed‑use building directly across from Wartburg College at 805 W Bremer Avenue
  • 0.21 acres in Waverly, IA

Property Analytics

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Current Use

Office buildings

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Barber Shop Auto Parts Store Storage Facility Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

517
Businesses Nearby

Demographics for 50677, IA

12,789
Population
5,053
Households
2.5
Avg Household Size
37
Median Age
41%
College-Educated
95%
High-School Grad
128.6 sq mi
ZIP Area
99
Density / Sq Mi
$82,950
Median Household Income
$39,065
Median Earnings
$880
Median Rent
$221,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two-level commercial property with office space, five apartments, shared laundry, and separate apartment metering.
Where is this mixed-use property located?
The property is located at 805 W Bremer Avenue Waverly, IA.
What is the asking price?
The asking price for this property is $729,900.
What are key features of this property?
This property features: Five second‑floor apartments: four 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit; Mixed‑use building directly across from Wartburg College at 805 W Bremer Avenue; 0.21 acres in Waverly, IA
More about this property
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