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Historic Mixed-Use Building

118 W 1St Street, Sumner, IA 50674

For Sale
New
$465,000

Commercial zoning supports a ground-floor business component alongside an upper-level residence with three private-bath bedrooms.

Property Size7,448 SF
Price / SF$62.43
Days on Market2

Property Features for 118 W 1St Street

General Information

Standard status Active
Size 7,448 SF
Property subtype Commercial
Zoning Commercial

Additional Details

Mixed-Use Components retail, residential

Taxes and HOA fees

Annual Taxes $7,262

Amenities

elevator
lift
deck
stone fireplace
Corner Lot,City Street
0.12
7448

Building Details

Building Size 7,448 SF
Year Built 1897
Buildings 1
Listing Agency: Fischels Residential Group
Listed By: Edwin Leehey
Source: Pinnaclerealtyia
Added: Nov 12 Last Checked: Nov 12 at 2:13PM

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 Fischels Residential Group

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Investment Insights

Based on property information with market context.

Built in 1897, this two-level property combines commercial space on the main floor with residential accommodations above. The upper residence has three bedrooms, each with a private bathroom, a stone fireplace, and access to a 1,200-square-foot deck. An elevator serves the upper level, and a lift connects to the partially finished basement. The building was added to the National Register of Historic Places in 2004 following renovation.

The main floor has been used for a range of commercial operations, including offices, retail, and food and beverage service. Commercial zoning is in place. The property sits on a corner lot along a city street in Sumner, Iowa.

Key Highlights

  • 7,448‑square‑foot mixed‑use building constructed in 1897
  • Listed on the National Register of Historic Places in 2004
  • Upper residence includes three bedrooms, each with a private bath

Property Analytics

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Current Use

The Property Shoppe Real Estate Agency Clocktower Koselig Bar & Pub S K Rogers ... Social Service Agency Midwest Trunk Co Home Decor Store

Suggested Use

Top Pick Real Estate Agency Building Supply Dental Office Auto Parts Store Spa & Massage Center Bakery

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

189
Businesses Nearby

Demographics for 50674, IA

3,480
Population
1,669
Households
2.1
Avg Household Size
45
Median Age
21%
College-Educated
96%
High-School Grad
158.9 sq mi
ZIP Area
22
Density / Sq Mi
$63,429
Median Household Income
$40,108
Median Earnings
$839
Median Rent
$156,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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

Frequently Asked Questions

What type of property is this?
Mixed-use property - Commercial zoning supports a ground-floor business component alongside an upper-level residence with three private-bath bedrooms.
Where is this mixed-use property located?
The property is located at 118 W 1St Street Sumner, IA.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: 7,448‑square‑foot mixed‑use building constructed in 1897; Listed on the National Register of Historic Places in 2004; Upper residence includes three bedrooms, each with a private bath
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