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Office Unit with Open Workspace
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403 W 1st Street, Independence, IA 50644

Corner commercial space on a paved four-lane city street with basement storage, parking, and shopping nearby.

Property Size1,956 SF
Price / SF$0.50
Days on Market6

Property Features for 403 W 1st Street

General Information

Standard status Active
Size 1,956 SF
Property subtype Commercial
Zoning C
Lease Type Gross

Taxes and HOA fees

Annual Taxes $2,956

Amenities

Two Private Offices
Lobby Area
Break Room
Large Open Work Space
Full Basement
Wood
Close to Shopping
City Street,Paved 4Lane
0.025
1956

Building Details

Building Size 1,956 SF
Year Built 1945
Listing Agency: SKOGMAN REALTY
Listed By: Lydia Fitzgerald
Source: Pinnaclerealtyia
Added: Aug 4 Changed: Aug 9 Last Checked: Aug 9 at 6:30AM

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 SKOGMAN REALTY

Investment Insights

Based on property information with market context.

This 2,216-square-foot office unit is arranged for practical day-to-day operations, with two private offices, a lobby, break room, and a large open work area. A full basement adds storage capacity, while wood interior features contribute to the existing finish. The property is zoned C and is available immediately.

Positioned on a corner lot along a main thoroughfare, the space benefits from a paved four-lane city street and proximity to shopping. Parking is available for staff and visitors. The building was constructed in 1945, providing an established commercial setting for office use.

Key Highlights

  • 2,216‑square‑foot office unit with two private offices
  • Large open work area plus lobby and break room
  • Full basement provides additional storage space

Property Analytics

Current Use

Brown-Lane Insurance Insurance Agency

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.

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
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Corner commercial space on a paved four-lane city street with basement storage, parking, and shopping nearby.
Where is this office units located?
The property is located at 403 W 1st Street Independence, IA.
What is the asking price?
The asking price for this property is Off market.
What are key features of this property?
This property features: 2,216‑square‑foot office unit with two private offices; Large open work area plus lobby and break room; Full basement provides additional storage space
More about this property
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