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Historic Retail Building with Storage

107 S Franklin St Manchester, IA 52057

Claim this Listing
For Sale
$425,000

COMMERCIAL - Manchester, IA

Property size:
14,850 SF
Lot size:
0.39 Acres
Price / SF:
$28/SF
Added:
Sep 26, 2025
Days on Market:
289
Last Refresh:
Jul 11 at 6:06 am

Property Features for 107 S Franklin St

General Information

Property type
Commercial Sale
Property subtype
Other
Zoning
Comm
Rooms
Basement
Standard status
Active
APN
631321100800
Size
14,850 SF
Lot size
0.39 Acres

Taxes and HOA fees

Tax Description
SUB LOTS 146 & 197 LTS 4 & 5
Tax Annual Amount
10329

Building Details

Year built
1900
Flooring type
Wood, Carpet
Building materials
Concrete Block
Roof type
Membrane

Listing agent Tyler Lautke

Listing office Realty87 5414 BLAIRS FOREST WAY NE, Cedar Rapids, IA

Listing date Sep 26, 2025

MLS# 2508109

Copyright © 2026 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.


Investment Insights

Based on property information with market context.

This historic two-level retail building was previously used as a pharmacy/drug store and a 50’s ice cream parlor, among other local uses. The property includes an upstairs level that is ready for a new layout and concept, along with downstairs space that provides storage. The lower level also includes a former youth center component with handicap accessibility.

Located at 107 S Franklin St in Manchester, Iowa, the building sits on a main downtown strip and is positioned along the route to a popular grocery store and a white water tourist attraction. With nearly 15,000 square feet above grade and a 0.39-acre lot, the site is sized to support a range of retail and community-oriented uses, plus adaptive reuse ideas for the upper floor.

For tenants, buyers, and operators, the configuration supports businesses that want both a customer-facing retail presence and additional storage capacity. The upstairs space offers flexibility for a second-floor retail expansion or alternative uses, while the downstairs handicap-accessible area can support programs or back-of-house needs depending on the end use.

Key Highlights

  • Nearly 15,000 SF above grade with additional basement/storage space
  • Concrete block construction and membrane roof
  • Flooring includes wood and carpet

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Pharmacy Parking Lot & Garage Plumbing Service (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Law Firm Skin Care Clinic Bakery (Bike/Boat/Book/etc) Store Furniture & Home Goods

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Retail space - Two-level downtown building with retail history, upstairs space, and downstairs storage with handicap accessibility.
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 $425,000.
What are key features of this property?
This property features: Nearly 15,000 SF above grade with additional basement/storage space; Concrete block construction and membrane roof; Flooring includes wood and carpet
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