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Multi-Vendor Retail Center

106 W 1St Street, Sumner, IA 50674

For Sale
New
$175,000

Four vendors currently share a commercial building with a retained vault from its former bank use.

Property Size5,757 SF
Price / SF$30.40
Days on Market2

Property Features for 106 W 1St Street

General Information

Standard status Active
Size 5,757 SF
Property subtype Commercial
Zoning commercial

Additional Details

Currently Operating Yes

Taxes and HOA fees

Annual Taxes $2,894

Amenities

City Street
0.17
5757

Building Details

Building Size 5,757 SF
Year Built 1955
Stories 1
Tenancy Multi
Listing Agency: Fischels Residential Group
Listed By: Edwin Leehey
Source: Pinnaclerealtyia
Added: Nov 12 Last Checked: Nov 12 at 2:34PM

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 Fischels Residential Group

Rey
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Investment Insights

Based on property information with market context.

At 106 W 1st Street in Sumner, this commercial property contains 5,757 square feet on a 0.17-acre site. The interior is arranged for four vendors, with the original bank vault still in place. The building dates to 1955 and is zoned commercial.

Its current multi-vendor retail arrangement is one established configuration for the property. The space has also been identified for storefront, office, and other commercial use. The address is in downtown Sumner, Iowa.

Key Highlights

  • 5,757‑square‑foot commercial building on a 0.17‑acre site
  • Interior currently accommodates four vendors
  • Original vault remains from the building’s former bank use

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Vintage Emporium Home Decor Store Sumner Gazette Publishing House Vanguard Publishing Co Publishing House

Suggested Use

Top Pick Real Estate Agency Building Supply Dental Office Auto Parts Store Spa & Massage Center Bakery

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

189
Businesses Nearby
Under-served
Demand for This Use

Demographics for 50674, IA

3,480
Population
1,669
Households
2.1
Avg Household Size
45
Median Age
21%
College-Educated
96%
High-School Grad
158.9 sq mi
ZIP Area
22
Density / Sq Mi
$63,429
Median Household Income
$40,108
Median Earnings
$839
Median Rent
$156,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Shopping center - Four vendors currently share a commercial building with a retained vault from its former bank use.
Where is this shopping center located?
The property is located at 106 W 1St Street Sumner, IA.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: 5,757‑square‑foot commercial building on a 0.17‑acre site; Interior currently accommodates four vendors; Original vault remains from the building’s former bank use
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