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Mixed-Use Building with Laundromat
For Sale
$322,500

111-112 E Franklin Street, Bloomfield, IA 52537

Building includes four apartments, a leased storefront space, and an on-site laundromat with commercial washers and dryers.

Property Size10,080 SF
Price / SF$31.99
Days on Market363

Property Features for 111-112 E Franklin Street

General Information

Standard status Active
Size 10,080 SF
Property subtype Commercial
Zoning Business/Commercial

Additional Details

Multifamily Units 4

Taxes and HOA fees

Annual Taxes $4,644

Building Details

Building Size 10,080 SF
Year Built 1885
Units 6
Listing Agency: Bogle Realty LLC
Listed By: Lori Bogle · License #***
Source: Sweeneyrealestate
Added: Aug 27, 2025 Changed: Aug 23 Last Checked: Aug 22 at 8:53AM

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 Bogle Realty LLC

Investment Insights

Based on property information with market context.

This mixed-use property combines residential income with commercial rent and on-site laundry operations. The building features four apartments, including studio, one-bedroom, and larger 2- and 3-bedroom units, accessible via an exterior stairway that was recently replaced. Two of the apartments overlook the Davis County courthouse.

Street-level commercial space is currently leased and includes a large storefront, an area used for kitchen prep, an office, a half bath, and storage at the rear. The laundromat includes both Dexter and Whirlpool commercial washers and dryers.

Several updates have been made throughout the property. The opportunity is presented as a multi-revenue asset anchored by the laundry business and an active retail lease.

Key Highlights

  • Building includes four apartments plus a leased commercial storefront space and an on‑site laundromat
  • Apartment mix: 3‑bedroom, 2‑bedroom, 1‑bedroom, and a studio apartment
  • Two apartments overlook the Davis County courthouse

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Dental Office Hair Salon Law Firm Plumbing Service Furniture & Home Goods

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

4
Residential units

Location Intelligence

Trade Area within ½ mile

376
Businesses Nearby

Demographics for 52537, IA

7,248
Population
2,778
Households
2.6
Avg Household Size
37
Median Age
16%
College-Educated
81%
High-School Grad
338.5 sq mi
ZIP Area
21
Density / Sq Mi
$82,713
Median Household Income
$43,826
Median Earnings
$900
Median Rent
$153,400
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Building includes four apartments, a leased storefront space, and an on-site laundromat with commercial washers and dryers.
Where is this quadplex located?
The property is located at 111-112 E Franklin Street Bloomfield, IA.
What is the asking price?
The asking price for this property is $322,500.
What are key features of this property?
This property features: Building includes four apartments plus a leased commercial storefront space and an on‑site laundromat; Apartment mix: 3‑bedroom, 2‑bedroom, 1‑bedroom, and a studio apartment; Two apartments overlook the Davis County courthouse
More about this property
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