Technical
Financial
Distress signals
Property profile

107 S Franklin St Manchester, IA 52057

FOR SALE
Retail space
Property ID
US25-0538183
10,292 SF 0.16 ac lot Built 1900
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

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

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1900
Total area 10,292 SF
Lot 0.16 ac (7,050 SF)
APN 631321100800
UPID US25-0538183

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Interior Design Home Decor Store
  • General Contractor
  • Child Welfare Organization Charitable Organization

Location

107 S Franklin St Manchester, IA 52057
Manchester metro Census 950300
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$240k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$240k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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