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Corner Office Units
For Lease
$125,000

401 W 1st Street, Independence, IA 50644

Flexible workspace with private offices, a lobby, employee break area, basement storage, and on-site parking.

Space SizeContact for details
Property Size1,956 SF
Days on Market725

Property Features for 401 W 1st Street

General Information

Standard status Active
Size 1,956 SF
Zoning C

Taxes and HOA fees

Annual Taxes $1,635

Building Details

Building Size 1,956 SF
Year Built 1945
Listing Agency: Berkshire Hathaway Home Serv
Listed By: Jason Strelow · License #B37568
Source: Sweeneyrealestate
Added: Sep 5, 2024 Changed: Aug 29 Last Checked: Aug 29 at 9:08PM

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 Berkshire Hathaway Home Serv

Investment Insights

Based on property information with market context.

This office property at 401 W 1st Street provides a practical layout for professional operations. The interior includes two private offices, a lobby for visitors, a break room, and a large open work area that can accommodate varied workplace arrangements. A full basement adds storage capacity, while the building dates to 1945.

Positioned on a corner along the town’s main thoroughfare, the property offers direct street presence and accessibility in Independence. On-site parking is available for staff and visitors. The space is available immediately and is situated within a community with more than 6,100 residents.

Key Highlights

  • Two private offices plus lobby, break room, and large open work area
  • Full basement provides additional storage space
  • Corner property on Independence’s main thoroughfare

Property Analytics

Current Use

Madison Cornwell Real ... Real Estate Agency Building Direction for Families Social Service Agency Sauer Franklin W Law Firm

Suggested Use

Top Pick Real Estate Agency Dental Office Electrical Service HVAC Service Pharmacy Building Supply

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

399
Businesses Nearby

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

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?
Office units - Flexible workspace with private offices, a lobby, employee break area, basement storage, and on-site parking.
Where is this office units located?
The property is located at 401 W 1st Street Independence, IA.
What is the lease rate?
The lease rate is $125,000.
What are key features of this property?
This property features: Two private offices plus lobby, break room, and large open work area; Full basement provides additional storage space; Corner property on Independence’s main thoroughfare
More about this property
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