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Mixed-Use Building with Loft
For Sale
$327,500

118 N Franklin Street, Manchester, IA 52057

Commercial Sale, Manchester, IA

Property SizeContact for details
Days on Market289

Property Features for 118 N Franklin Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning C - Commercial; R - Resi
Bathrooms 4
Full bathrooms 4
Rooms Bathroom 1, Bathroom 2, Bathroom 4, Bathroom 3, Basement
Parking 10
Basement Full
Subdivision WEST
Standard status Active
APN 631293400700

Utilities

Sewer type Public Sewer
Heating system Forced Air
Cooling system Central Air
Water source Public

Amenities

elevator
outdoor patio space
2-car heated garage

Building Details

Year built 1900
Floors in Building 2
Flooring type Wood
Building materials Brick, Vinyl Siding
Listing Agency: Skogman - Manchester
Listed By: Kristine Baldwin · License #B57925000
Added: Dec 12, 2025 Changed: Sep 26 Last Checked: Sep 27 at 9:06AM
MLS# 153597

Copyright © 2026 East Central Iowa 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 mixed-use property pairs nearly 2,000 square feet of main-level retail or office space with a two-bedroom, two-bath loft apartment above. The commercial area offers an open layout, while the residence includes an open-concept design and outdoor patio space. An elevator serves both levels, and the property includes a two-car heated garage.

The building is located at 118 N Franklin Street in Manchester, Iowa, and carries C - Commercial and R - Resi zoning. Brick and vinyl siding frame the structure, with wood flooring, forced-air heat, central air, public water, and public sewer. Existing lines and utilities remain in place for a potential restaurant, diner, or eatery conversion.

Key Highlights

  • Nearly 2,000 sq. ft. of main‑level retail or office space
  • 2‑bedroom, 2‑bath loft apartment with open‑concept layout
  • Elevator provides access to both levels

Property Analytics

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Current Use

Live-work space

Suggested Use

Top Pick Pharmacy Electrical Service Parking Lot & Garage Plumbing Service (Bike/Boat/Book/etc) Store Law Firm

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

1
Office units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

467
Businesses Nearby

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
View Realmo Analytics

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Main-level commercial space combines with a two-bedroom, two-bath loft apartment and elevator access between floors.
Where is this mixed-use property located?
The property is located at 118 N Franklin Street Manchester, IA.
What is the asking price?
The asking price for this property is $327,500.
What are key features of this property?
This property features: Nearly 2,000 sq. ft. of main‑level retail or office space; 2‑bedroom, 2‑bath loft apartment with open‑concept layout; Elevator provides access to both levels
More about this property
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