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Downtown Storefront with Lower-Level Space
For Lease
$425,000

107 S Franklin St, Manchester, IA 52057

Nearly 15,000 square feet above grade with commercial zoning and additional lower-level space.

Space SizeContact for details
Days on Market53

Property Features for 107 S Franklin St

General Information

Standard status Active
Property subtype Commercial
Zoning Comm

Building Details

Year Built 1900
Stories 2
Listing Agency: Realty87
Listed By: Tyler Lautke
Source: Q4realestate
Added: Jul 10 Changed: Aug 30 Last Checked: Aug 30 at 7:26PM

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.

This storefront property, constructed in 1900, provides nearly 15,000 square feet above grade. The building has housed a pharmacy, drug store, and ice cream parlor, and includes a lower level with storage and warehousing space. A former youth center with handicap accessibility is also located downstairs, while the upper level is positioned for future interior planning.

The property is on S Franklin St along Manchester’s downtown strip, with a location described as en route to a grocery store and a white water tourist attraction. Commercial zoning applies to the site, and the property has had four total owners since 1900.

Key Highlights

  • Nearly 15,000 square feet above grade
  • 1900 construction year with four total owners since 1900
  • 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.

Lease Details

NNN (Triple Net)
Lease Type

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
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Frequently Asked Questions

What type of property is this?
Storefront property - Nearly 15,000 square feet above grade with commercial zoning and additional lower-level space.
Where is this storefront property located?
The property is located at 107 S Franklin St Manchester, IA.
What is the lease rate?
The lease rate is $425,000.
What are key features of this property?
This property features: Nearly 15,000 square feet above grade; 1900 construction year with four total owners since 1900; Commercial zoning designated Comm
More about this property
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