Corner Storefront
For Sale
$645,000
320 W 1st Street, Cedar Falls, IA 50613
Open-concept building positioned at the intersection of 1st Street and Franklin Street in Cedar Falls.
Property Size2,207 SF
Price / SF$292.25
Days on Market68
Property Features for 320 W 1st Street
General Information
Standard status
Active
Size
2,207 SF
Property subtype
Commercial
Zoning
DT-Urban
Lease Type
Net
Site & Location
Corner Location
Yes
Traffic Count
18,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$16,380
Amenities
0.39
2207
Building Details
Building Size
2,207 SF
Year Built
1930
Buildings
1
Tenancy
Single
Owner Occupied
No
Abandoned
No
Listing Agency:
Urban Acres Real Estate
(319) 393-0900
Listed By:
Kyle Steele
(319) 981-2378
Source:
Pinnaclerealtyia
Added: Aug 3
Changed: Oct 7
Last Checked: Oct 7 at 10:00AM
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 Urban Acres Real Estate
Investment Insights
Based on property information with market context.
This storefront property at 320 1st Street offers an open-concept interior within a building constructed in 1930. The layout can support business, office, or retail use, with the source remarks noting the potential for an uncomplicated remodel. The property has been occupied by the same tenant for more than 30 years.
Located at the corner of 1st Street, identified as Hwy 57, and Franklin Street in Cedar Falls, the site experiences reported traffic of more than 18,000 cars per day. Adjacent properties to the south are confirmed available for purchase, although they are not under the same ownership, creating a documented possibility for assembling a larger redevelopment area.
Located at the corner of 1st Street, identified as Hwy 57, and Franklin Street in Cedar Falls, the site experiences reported traffic of more than 18,000 cars per day. Adjacent properties to the south are confirmed available for purchase, although they are not under the same ownership, creating a documented possibility for assembling a larger redevelopment area.
Key Highlights
- Hard‑corner location at 1st Street and Franklin Street in Cedar Falls
- Reported traffic volume exceeds 18,000 cars per day
- Open‑concept building suitable for business, office, or retail use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,897
Cap Rate
3.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$437,940
$437.9K
Cap Rate 7%
$312,814
$312.8K
Cap Rate 9%
$243,300
$243.3K
Market Conditions
NOI Build-Up for 2,207 SF
Gross rent
$34.2K $15.48/SF
− Vacancy
−$2.9K −$1.31/SF
EGI
$31.3K $14.17/SF
− OpEx
−$9.4K −$4.25/SF
NOI
$21.9K $9.92/SF
Area
Black Hawk County, IA
Vacancy
8.44%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$437,940
Cap Rate 7%
$312,814
Cap Rate 9%
$243,300
Alternative Uses
Best Use
Retail
$312.8K
$273.7K – $365.0K
NOI $21,897 @ 7.0% cap · market cap 3.39%
Second Best
—
—
no second resolved use
Theoretical Best
Mixed Use
$2.77M
$2.42M – $3.23M
NOI $193,664 @ 7.0% cap · market cap 30.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
18,000 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
838
Businesses Nearby
46k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 61%
Shops & Services 32%
Hotels & Casinos 7%
McDonald's
Dining
19,202 visits/mo
0.2 miles
Casey's General Store
Shops & Services
12,039 visits/mo
0.3 miles
Scooter's Coffee
Dining
7,465 visits/mo
0.1 miles
Hampton Inn & Suites
Hotels & Casinos
3,290 visits/mo
0.2 miles
U.S. Bank
Shops & Services
2,796 visits/mo
0.2 miles
Demographics for 50613, IA
43,667
Population
17,808
Households
2.5
Avg Household Size
32
Median Age
48%
College-Educated
97%
High-School Grad
127.6 sq mi
ZIP Area
342
Density / Sq Mi
$75,642
Median Household Income
$33,099
Median Earnings
$1,176
Median Rent
$258,300
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 Retail in Midwest region
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Similar Off Market Nearby
- 1800 flowers — 320 W 1st St, Cedar Falls, IA 50613
Frequently Asked Questions
What type of property is this?
Storefront property - Open-concept building positioned at the intersection of 1st Street and Franklin Street in Cedar Falls.
Where is this storefront property located?
The property is located at 320 W 1st Street Cedar Falls, IA.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: Hard‑corner location at 1st Street and Franklin Street in Cedar Falls; Reported traffic volume exceeds 18,000 cars per day; Open‑concept building suitable for business, office, or retail use
