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Downtown Storefront with Upper-Level Space
For Sale
$425,000

107 S Franklin St, Manchester, IA 52057

Commercial zoning, lower-level storage, and an accessible former youth center add to the building’s existing configuration.

Property Size15,000 SF
Price / SF$28.33
Days on Market35

Property Features for 107 S Franklin St

General Information

Standard status Active
Size 15,000 SF
Property subtype Commercial
Zoning Comm

Taxes and HOA fees

Annual Taxes $10,329

Building Details

Year Built 1900
Listing Agency: Realty87
Listed By: Tyler Lautke
Source: Kalonarealty
Added: Sep 26 Changed: Oct 26 Last Checked: Oct 29 at 11:01PM

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

Rey
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Investment Insights

Based on property information with market context.

This 1900-built storefront property spans 107, 111, 113, and 115 S Franklin St. It offers nearly 15,000 sq ft above grade, with storage and a former youth center on the lower level; the youth center has handicap accessibility. The upper floor provides additional space for a future configuration. The property has previously housed a pharmacy, drug store, and ice cream parlor.

The building sits on a downtown strip in Manchester, along a route to a grocery store and a white water tourist attraction. Zoning is Comm. The property has had four owners since 1900.

Key Highlights

  • Nearly 15,000 sq ft above grade
  • Property includes 107, 111, 113, and 115 S Franklin St
  • Lower level includes storage and a former youth center with handicap accessibility

Property Analytics

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

Current Use

Storefront properties

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
Under-served
Demand for This Use

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

Frequently Asked Questions

What type of property is this?
Storefront property - Commercial zoning, lower-level storage, and an accessible former youth center add to the building’s existing configuration.
Where is this storefront property located?
The property is located at 107 S Franklin St 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 sq ft above grade; Property includes 107, 111, 113, and 115 S Franklin St; Lower level includes storage and a former youth center with handicap accessibility
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