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C-2 Storefront with Parking
New
For Sale
$215,000

1640 1st Street West, Independence, IA 50644

A former restaurant occupies a C-2-zoned property with two concrete parking areas.

Property Size2,820 SF
Days on Market3

Property Features for 1640 1st Street West

General Information

Standard status Active
Size 2,820 SF
Property subtype Retail - Free Standing
Zoning C-2

Building Details

Building Size 2,820 SF
Year Built 1976
Listing Agency: RE/MAX
Listed By: Curt Martin · License #B56021000
Source: Remaxcommercial
Added: Oct 28 Changed: Oct 29 Last Checked: Oct 28 at 4:18AM

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 RE/MAX

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Investment Insights

Based on property information with market context.

The 2,820-square-foot storefront was built in 1976 and most recently operated as a restaurant. Its C-2 zoning and two concrete parking lots are key features of the property; each lot measures 12,200 square feet.

The building is 1.5 miles from Highway 20. Nearby businesses include Subway, Advance Auto Parts, Dollar General, Pizza Ranch and Super 8 Motel, with Independence Community Schools also in the area.

Key Highlights

  • 2,820‑square‑foot storefront built in 1976
  • C‑2 zoning
  • Two concrete parking lots, each measuring 12,200 square feet

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

El Mazatlan Restaurant

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm HVAC Service Big Box & Wholesale Store Hair Salon

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

139
Businesses Nearby
24k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Shops & Services 64% Dining 34% Hotels & Casinos 2%
Casey's Shops & Services
7,525 visits/mo 0.5 miles
Pizza Ranch Dining
4,486 visits/mo 0.3 miles
Dollar General Shops & Services
4,292 visits/mo 0.2 miles
SUBWAY Dining
3,608 visits/mo 0.1 miles
Advance Auto Parts Shops & Services
2,298 visits/mo 0.1 miles

Demographics for 50644, IA

8,795
Population
3,921
Households
2.2
Avg Household Size
42
Median Age
24%
College-Educated
96%
High-School Grad
145.0 sq mi
ZIP Area
61
Density / Sq Mi
$79,861
Median Household Income
$41,689
Median Earnings
$770
Median Rent
$174,000
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 Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Storefront property - A former restaurant occupies a C-2-zoned property with two concrete parking areas.
Where is this storefront property located?
The property is located at 1640 1st Street West Independence, IA.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: 2,820‑square‑foot storefront built in 1976; C‑2 zoning; Two concrete parking lots, each measuring 12,200 square feet
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