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Three-Story Brick Mixed-Use Building
New
For Sale
$350,000

105 N 1st St, Panora, IA 50216

Remodeled upstairs apartments accompany an operating laundromat on the main level.

Property SizeContact for details
Days on Market5

Property Features for 105 N 1st St

General Information

Standard status Active

Taxes and HOA fees

Annual Taxes $1,654

Building Details

Buildings 1
Stories 3
Construction brick
Tenancy Multi
Listing Agency: RE/MAX Revolution
Listed By: Kyle Kuhns
Source: Exprealty
Added: Sep 1 Changed: Sep 4 Last Checked: Sep 4 at 2:55PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Revolution

Investment Insights

Based on property information with market context.

This three-story brick mixed-use building combines four remodeled apartments with commercial space on the main floor. The residential component includes three one-bedroom units and one two-bedroom unit, and all four apartments are currently occupied.

The 1,320-square-foot main floor is operating as a laundromat. The space is also identified for potential retail, office, salon, studio, or service-business use, providing a range of commercial configurations within the existing building. Located in downtown Panora at 105 N 1st St, the property pairs an income-producing residential component with an active ground-floor business.

Key Highlights

  • Three‑story brick mixed‑use building at 105 N 1st St, Panora, IA
  • Four remodeled upstairs apartments, including three 1‑bedroom units and one 2‑bedroom unit
  • All four apartment units are currently occupied

Property Analytics

Current Use

Big Deal Suds (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Dental Office Building Supply HVAC Service Plumbing Service Grocery & Convenience Store (Bike/Boat/Book/etc) Store

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

234
Businesses Nearby

Demographics for 50216, IA

2,722
Population
1,825
Households
1.5
Avg Household Size
52
Median Age
28%
College-Educated
97%
High-School Grad
51.7 sq mi
ZIP Area
53
Density / Sq Mi
$91,250
Median Household Income
$58,250
Median Earnings
$1,032
Median Rent
$199,400
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Remodeled upstairs apartments accompany an operating laundromat on the main level.
Where is this mixed-use property located?
The property is located at 105 N 1st St Panora, IA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Three‑story brick mixed‑use building at 105 N 1st St, Panora, IA; Four remodeled upstairs apartments, including three 1‑bedroom units and one 2‑bedroom unit; All four apartment units are currently occupied
More about this property
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