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Historic Downtown Storefront Property
For Sale
$425,000

107 S Franklin St, Manchester, IA 52057

Commercial, Manchester, IA

Property Size14,850 SF
Lot Size0.39 Acres
Price / SF$28.62
Days on Market334

Property Features for 107 S Franklin St

General Information

Property type Commercial Sale
Property subtype Other
Zoning Comm
Rooms Basement
Directions N on Hwy 13, W on S Franklin St
Subdivision OT-E (East of I-380)
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
Legal Description SUB LOTS 146 & 197 LTS 4 & 5

Building Details

Year built 1900
Flooring type Carpet, Wood
Building materials Concrete Block
Roof type Membrane
Listing Agency: Realty87 · Coldwell Banker Real Estate
Listed By: Tyler Lautke
Added: Sep 26, 2025 Changed: Aug 19 Last Checked: Aug 25 at 7:06AM
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 two-level storefront property at 107 S Franklin St includes 14,850 square feet above grade on a 0.39-acre parcel. The building dates to 1900 and features concrete block construction, a membrane roof, and a combination of carpet and wood flooring. A basement provides additional storage and includes a former youth-center area with handicap accessibility.

The property sits on a main downtown strip in Manchester, en route to a grocery store and a white water tourist attraction. Its prior uses included a pharmacy, drug store, and ice cream parlor, while the upper level offers space for a future retail, event, or residential concept, subject to applicable approvals. Commercial zoning is identified as Comm.

Key Highlights

  • 14,850 square feet above grade
  • 0.39‑acre parcel in Manchester, IA
  • Commercial zoning designated Comm

Property 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

Market

Vacancy Rate% for Retail in Midwest region

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

What type of property is this?
Storefront property - Two-level commercial building with basement storage and adaptable retail space in Manchester’s downtown area.
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: 14,850 square feet above grade; 0.39‑acre parcel in Manchester, IA; Commercial zoning designated Comm
More about this property
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