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Drive-Up Retail Building
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403 Story Street, Boone, IA 50036

Former pharmacy building with a drive-up window, electronic sign, and large parking lot, plus new sewer line (Feb. 2025).

Property Size2,010 SF
Price / SF$310.95
Days on Market127

Property Features for 403 Story Street

General Information

Standard status Active
Size 2,010 SF
Class B
Total Parking Spaces 15
Property subtype Retail
Zoning Com
Lease Type NNN

Building Details

Year Built 1997
Listing Agency: KW Commercial Greater Des Moines
Listed By: Abby Hausmann-Virgil · License #IA S64723000
Source: Crexi
Added: May 4 Changed: Sep 2 Last Checked: Sep 7 at 9:37AM

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 KW Commercial Greater Des Moines

Investment Insights

Based on property information with market context.

This former Medicap Pharmacy building is offered for sale or lease, with an option to lease and purchase beginning in March 2027. The property features a large parking lot, an electronic sign, and a drive-up window on the north side of the building. The current interior layout includes offices with a retail counter, providing a setup that can support either retail service or food and beverage concepts.

Located at 403 Story Street in Boone, IA, the building is described as having exposure on the busiest street in town. For site access and customer convenience, the property includes on-site parking.

Recent improvements include a new sewer line installed in February 2025. The seller is open to flexibility on terms, including a contract sale with closing in March 2027 or after, or availability for lease.

Key Highlights

  • Former Medicap Pharmacy building built in 1997
  • Busiest street in town with large parking lot and electronic sign
  • Drive‑up window on the north side of the building

Property Analytics

Current Use

Medicap Pharmacy Pharmacy

Suggested Use

Top Pick Dental Office Real Estate Agency Parking Lot & Garage Electrical Service Law Firm Grocery & Convenience Store

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

687
Businesses Nearby
Under-served
Demand for This Use

Demographics for 50036, IA

16,203
Population
7,416
Households
2.2
Avg Household Size
43
Median Age
28%
College-Educated
96%
High-School Grad
191.7 sq mi
ZIP Area
85
Density / Sq Mi
$74,107
Median Household Income
$42,453
Median Earnings
$804
Median Rent
$172,900
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

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

What type of property is this?
Storefront property - Former pharmacy building with a drive-up window, electronic sign, and large parking lot, plus new sewer line (Feb. 2025).
Where is this storefront property located?
The property is located at 403 Story Street Boone, IA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Former Medicap Pharmacy building built in 1997; Busiest street in town with large parking lot and electronic sign; Drive‑up window on the north side of the building
More about this property
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