Retail Storefront
For Sale
Contact for pricing
Pending
524 1st Ave, Perry, IA 50220
Former cell phone retailer spaces available for immediate occupancy just off a heavily traveled Highway 141 corridor.
Property Size5,400 SF
Days on Market311
Property Features for 524 1st Ave
General Information
Standard status
Pending
Size
5,400 SF
Property subtype
RETAIL
Additional Details
Highway Access
Yes
Listing Agency:
The Siedenburg Group
(515) 339-9616
Listed By:
Ryan Siedenburg · License #S63895000
(515) 339-9616
Source:
Moodyscre
Added: Sep 25, 2025
Changed: Jul 30
Last Checked: Jul 31 at 1:20PM
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 The Siedenburg Group
Investment Insights
Based on property information with market context.
Former cell phone retailer storefront spaces are available for immediate occupancy. The property provides 5,400 square feet of retail space, offering an adaptable footprint for a tenant or owner-user.
Located just seconds off Highway 141 in Perry, IA, the location is positioned along a well-trafficked corridor, supporting retail visibility and convenient customer access from the roadway.
Located just seconds off Highway 141 in Perry, IA, the location is positioned along a well-trafficked corridor, supporting retail visibility and convenient customer access from the roadway.
Key Highlights
- 5,400 square feet of retail storefront space
- Former cell phone retailer spaces available for immediate occupancy
- Just seconds off Highway 141 in Perry, IA
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $81.0k | $15.00 |
| − Vacancy | −$2.6k | −$0.48 |
| EGI | $78.4k | $14.52 |
| − OpEx | −$23.5k | −$4.36 |
| NOI | $54.9k | $10.16 |
5,400 SF · lease $15.00/SF/yr · vacancy 3.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$784.1K
$686.1K – $914.8K
NOI $54,886 @ 7.0% cap · market cap 7.47%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$5.20M
$4.55M – $6.06M
NOI $363,874 @ 7.0% cap · market cap 49.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
14
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 50220, IA
9,045
Population
3,925
Households
2.3
Avg Household Size
37
Median Age
17%
College-Educated
87%
High-School Grad
100.5 sq mi
ZIP Area
90
Density / Sq Mi
$68,750
Median Household Income
$38,195
Median Earnings
$883
Median Rent
$146,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Former cell phone retailer spaces available for immediate occupancy just off a heavily traveled Highway 141 corridor.
Where is this storefront property located?
The property is located at 524 1st Ave Perry, IA.
What is the asking price?
The asking price for this property is $735,000.
What are key features of this property?
This property features: 5,400 square feet of retail storefront space; Former cell phone retailer spaces available for immediate occupancy; Just seconds off Highway 141 in Perry, IA
