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Versatile Commercial Building on Highway
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437 S 7TH Street, Wapello, IA 52653

3200 SF building with active lease and highway visibility.

Property Size3,200 SF
Price / SF$118.75
Days on Market705

Property Features for 437 S 7TH Street

General Information

Standard status Active
Size 3,200 SF
Property subtype Office

Building Details

Year Built 1978
Buildings 1
Listing Agency: EXP REALTY, LLC.
Listed By: Austin Woods
Source: Crexi
Added: Sep 6, 2024 Changed: Aug 11 Last Checked: May 12 at 10:43PM

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 EXP REALTY, LLC.

Investment Insights

Based on property information with market context.

This well-maintained 3200 sq. ft. building is currently configured as an office building and includes an additional parking lot. It benefits from high visibility on Highway 61. The property is under an active lease at $4572 per month until December 2026, providing a steady income stream. The building's layout and location offer possibilities for various other uses, including a church, daycare, school, dance studio, retail space, community center, or restaurant/bar with modifications.

Key Highlights

  • Active lease in place at $4572/month until 12/2026 provides a steady income stream.
  • 3200 sq. ft building with high visibility from HWY 61.**
  • Additional parking lot included.

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Real Estate Agency Restaurant Law Firm Electrical Service Pharmacy Auto Repair Shop

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

199
Businesses Nearby

Demographics for 52653, IA

3,427
Population
1,596
Households
2.1
Avg Household Size
45
Median Age
17%
College-Educated
92%
High-School Grad
111.1 sq mi
ZIP Area
31
Density / Sq Mi
$80,990
Median Household Income
$41,184
Median Earnings
$799
Median Rent
$152,400
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 building - 3200 SF building with active lease and highway visibility.
Where is this office building located?
The property is located at 437 S 7TH Street Wapello, IA.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: Active lease in place at $4572/month until 12/2026 provides a steady income stream.; 3200 sq. ft building with high visibility from HWY 61.**; Additional parking lot included.
More about this property
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