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Mixed-Use Income Building
For Sale
$729,900

805 W Bremer Avenue, Waverly, IA 50677

Mixed-use building with five separately metered apartments upstairs and a multi-office layout on the main level.

Property Size7,712 SF
Price / SF$94.64
Days on Market143

Property Features for 805 W Bremer Avenue

General Information

Standard status Active
Size 7,712 SF
Property subtype Commercial
Zoning C-2A
Lease Term Yearly Renewal

Additional Details

Multifamily Units 5

Taxes and HOA fees

Annual Taxes $12,422

Amenities

shared coin-operated laundry area
Concrete
Corner Lot,City Street,Frontage Road
0.21
7712

Building Details

Building Size 7,712 SF
Year Built 1968
Stories 2
Listing Agency: Fischels Commercial Group
Listed By: Lydia Fitzgerald
Source: Pinnaclerealtyia
Added: Apr 17 Changed: Sep 5 Last Checked: Sep 5 at 5:01AM

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 Fischels Commercial Group

Investment Insights

Based on property information with market context.

This mixed-use income building includes a multi-office layout on the main level and five residential units on the second floor. The second floor consists of four 2-bedroom, 1-bath apartments and one 1-bedroom, 1-bath apartment, supported by a shared coin-operated laundry area. Each apartment is separately metered.

The property has documented major capital improvements, including a new rubber roof in 2024, updated windows in 2019, and new furnaces and central air units in 2014.

The combination of income-generating residential units and existing office configuration creates a flexible structure for an owner seeking a property that already supports multiple uses.

Key Highlights

  • Mixed‑use building (1968) with multi‑office main level and five apartments on the second floor
  • Second floor includes five separately metered units: four 2BD/1BA and one 1BD/1BA
  • Shared coin‑operated laundry area for the apartment tenants

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Barber Shop Garden Center Auto Parts Store Storage Facility

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

5
Residential units

Location Intelligence

Trade Area within ½ mile

517
Businesses Nearby

Demographics for 50677, IA

12,789
Population
5,053
Households
2.5
Avg Household Size
37
Median Age
41%
College-Educated
95%
High-School Grad
128.6 sq mi
ZIP Area
99
Density / Sq Mi
$82,950
Median Household Income
$39,065
Median Earnings
$880
Median Rent
$221,600
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?
Apartment building - Mixed-use building with five separately metered apartments upstairs and a multi-office layout on the main level.
Where is this apartment building located?
The property is located at 805 W Bremer Avenue Waverly, IA.
What is the asking price?
The asking price for this property is $729,900.
What are key features of this property?
This property features: Mixed‑use building (1968) with multi‑office main level and five apartments on the second floor; Second floor includes five separately metered units: four 2BD/1BA and one 1BD/1BA; Shared coin‑operated laundry area for the apartment tenants
More about this property
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