For Sale
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Property summary
This exceptional 15,000+ square foot retail property at 107 S Franklin Street in Manchester, IA, presents a unique investment opportunity. Boasting a prominent location on a main downtown thoroughfare, this building benefits from high traffic volume due to its proximity to a major grocery store and a popular whitewater attraction. With a rich history spanning over a century and only four owners since 1900, this property offers a blend of character and potential. Previously used as a pharmacy, drug store, and even a 1950s ice cream parlor, the building's versatility allows for a wide range of uses. The main level provides ample space for retail operations, while the lower level offers substantial storage and a former youth center with convenient handicap accessibility. The upstairs area is ready for redevelopment, presenting possibilities for additional retail space, apartments, a dance hall, or any other creative vision. The 0.39-acre lot provides ample space for outdoor activities or expansion. This is a chance to own a piece of Manchester's history and shape its future. The building's prime location and substantial size make it an ideal investment for entrepreneurs and developers alike. Don't miss this opportunity to transform this historic landmark into a thriving business or residential space. Priced at $500,000.
Property profile
VerifiedCap rate & NOI
Current use
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Interior Design Home Decor Store
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General Contractor
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Child Welfare Organization Charitable Organization
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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