Historic Mixed-Use Downtown
For Sale
$440,000
122 & 120 E Bremer Avenue, Waverly, IA 50677
Commercial Sale, Waverly, IA
Property SizeContact for details
Lot Size0.14 Acres
Days on Market95
Property Features for 122 & 120 E Bremer Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
C-3
Directions
Use Google Maps
Standard status
Active
APN
0902177011
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
02-91-14 ORIGINAL WAVERLY E 1/3 LOT 1 BLK 6 (122) 02-91-14 ORIGINAL WAVERLY W 1/2 E 2/3 LOT 1 BLK 6 (120)
Tax Annual Amount
9782
Legal Description
02-91-14 ORIGINAL WAVERLY E 1/3 LOT 1 BLK 6 (122) 02-91-14 ORIGINAL WAVERLY W 1/2 E 2/3 LOT 1 BLK 6 (120)
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Natural Gas, Forced Air
Cooling system
Multi Units, Central Air
Building Details
Year built
1870
Building materials
Brick
Listing Agency:
Century 21 Signature RE · Century 21 Real Estate
(319) 352-1157
Listed By:
Timothy Lalk · License #S71966000
(319) 504-9351
Added: Jun 15
Changed: Sep 14
Last Checked: Sep 17 at 2:06PM
MLS# 20262708
Copyright © 2026 Northeast Iowa Regional Board 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 offering includes the adjacent brick buildings at 120 and 122 E Bremer Avenue in downtown Waverly. Constructed in 1870, the properties contain multiple commercial units on the main level, with storefront exposure along the downtown corridor. The combined site measures 0.14 acres and carries C-3 zoning.
Six apartment units occupy the second floor, while the third floor provides vacant space for a future conversion or other use. The buildings also include an expansive basement with usable area for storage, workshops, tenant amenities, or redevelopment. Electric and natural gas heating, forced air, multi-unit cooling, central air, water availability, and public sewer serve the property.
Six apartment units occupy the second floor, while the third floor provides vacant space for a future conversion or other use. The buildings also include an expansive basement with usable area for storage, workshops, tenant amenities, or redevelopment. Electric and natural gas heating, forced air, multi-unit cooling, central air, water availability, and public sewer serve the property.
Key Highlights
- Two adjacent buildings at 120 and 122 E Bremer Avenue, Waverly, IA 50677
- Six apartment units located on the second floor
- Multiple commercial units with storefront exposure on the main level
Property Analytics
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Current Use
Lease Details
6
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
479
Businesses Nearby
Explore this area
Business Placement
Demographics for 50677, IA
12,789
Population
5,053
Households
2.5
Avg Household Size
37
Median Age
41%
College-Educated
95%
High-School Grad
128.6 sq mi
ZIP Area
99
Density / Sq Mi
$82,950
Median Household Income
$39,065
Median Earnings
$880
Median Rent
$221,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two adjoining brick structures combine commercial suites with six upper-level apartments.
Where is this mixed-use property located?
The property is located at 122 & 120 E Bremer Avenue Waverly, IA.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Two adjacent buildings at 120 and 122 E Bremer Avenue, Waverly, IA 50677; Six apartment units located on the second floor; Multiple commercial units with storefront exposure on the main level
