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    107 S Franklin St Manchester, IA 52057

    For Sale
    $489,900

    Business - Manchester, IA

    Type:Business
    Property size:
    14,850 SF
    Lot size:
    0.39 Acres
    Days on Market:
    72
    Last Refresh:
    Dec 6 at 4:06 pm

    Property Features for 107 S Franklin St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Standard status
    Active
    Zoning
    Comm
    Rooms
    Basement
    APN
    631321100800
    Basement Y/N
    1
    Size
    14,850 SF
    Lot size
    0.39 Acres

    Utilities

    Heating system
    Central, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1900
    Floors in Building
    2
    Flooring type
    Carpet, Wood
    Building materials
    Block, Concrete, See Remarks
    Roof type
    Membrane
    Architectural style
    Other

    Coldwell Banker Hedges (319) 367-8760 [email protected]

    Listing agent Tyler Lautke (319) 731-2000

    Listing date Sep 26, 2025

    MLS# 2508109 Listing URL

    Copyright © 2025 Cedar Rapids Area 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

    Historic Manchester Retail Opportunity

    This commercial property in Manchester, Iowa, offers a prime location on a main downtown strip, benefiting from high visibility and traffic due to its proximity to a popular grocery store and a white water tourist attraction. The building, with a history dating back to 1900 and only four owners since then, features nearly 15,000 square feet above grade, offering versatile space suitable for various business ventures. Historically, the property has housed a pharmacy, drug store, and 50's-style ice cream parlor. The space is adaptable for retail, or other creative uses. The downstairs area provides ample storage and includes a former youth center with handicap accessibility. The upstairs area presents an opportunity for potential apartments, additional retail space, or a dance hall. This property is suited for realizing a variety of business concepts.
    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
    -91.458023
    Latitude
    42.4836018

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    FAQs

    What type of property is this?
    Retail space - Versatile commercial space in downtown Manchester with high visibility.
    Where is this retail space located?
    The property is located at 107 S Franklin St Manchester, IA.
    What is the asking price?
    The asking price for this property is $489,900.
    What are key features of this property?
    This property features: - Prime downtown location on a main strip with high traffic and visibility, en route to a grocery store and tourist attraction.; - Substantial 15,000 sqft above grade, offering versatile possibilities for retail, entertainment, or residential conversion.; - Historic property with only 4 owners since 1900.
    (319) 731-2000
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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
    107 S Franklin St Manchester, IA 52057
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