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Downtown Mixed-Use Building
For Sale
$425,000

107 S Franklin Street, Manchester, IA 52057

Upper and lower levels offer distinct areas for storage, commercial activity, or future reconfiguration.

Property Size14,850 SF
Price / SF$28.62
Days on Market31

Property Features for 107 S Franklin Street

General Information

Standard status Active
Size 14,850 SF
Property subtype Commercial
Lease Term []

Building Details

Year Built 1900
Listing Agency: Realty87
Listed By: Tyler Lautke
Source: Cbhrealty
Added: Sep 12 Changed: Oct 11 Last Checked: Oct 11 at 9:42AM

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 Realty87

Investment Insights

Based on property information with market context.

Built in 1900, this mixed-use property contains nearly 15,000 square feet above grade. The lower level includes substantial storage space and a former youth center with handicap accessibility. The upper floor offers room for a new layout, with potential configurations that include apartments, additional retail, or an event space.

The building sits along Manchester’s downtown commercial strip, en route to a grocery store and a whitewater tourist attraction. Its past uses have included a pharmacy, drug store, and ice cream parlor. The property has had four owners since 1900.

Key Highlights

  • Nearly 15,000 square feet above grade
  • Built in 1900; four owners since that year
  • Lower level includes storage and a former youth center with handicap accessibility

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Pharmacy Parking Lot & Garage Plumbing Service (Bike/Boat/Book/etc) Store Law Firm Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

467
Businesses Nearby
39k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 61% Groceries 30% Shops & Services 9%
Fareway Groceries
11,595 visits/mo 0.2 miles
Hardee's Dining
8,752 visits/mo 0.1 miles
Scooter's Coffee Dining
7,631 visits/mo 0.2 miles
Burger King Dining
7,602 visits/mo 0.1 miles
Conoco Shops & Services
3,680 visits/mo 0.2 miles

Demographics for 52057, IA

8,064
Population
4,049
Households
2
Avg Household Size
45
Median Age
23%
College-Educated
91%
High-School Grad
138.9 sq mi
ZIP Area
58
Density / Sq Mi
$71,467
Median Household Income
$40,600
Median Earnings
$737
Median Rent
$168,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Midwest region

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

What type of property is this?
Mixed-use property - Upper and lower levels offer distinct areas for storage, commercial activity, or future reconfiguration.
Where is this mixed-use property located?
The property is located at 107 S Franklin Street Manchester, IA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Nearly 15,000 square feet above grade; Built in 1900; four owners since that year; Lower level includes storage and a former youth center with handicap accessibility
More about this property
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