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Mixed-Use Property With Apartments
For Sale
$729,900

805 W Bremer Avenue, Waverly, IA 50677

Two-level property combines a multi-office arrangement with separately metered residential units and shared laundry facilities.

Property Size7,712 SF
Price / SF$94.64
Days on Market114

Property Features for 805 W Bremer Avenue

General Information

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

Units

Unit Mix 4 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units 5

Taxes and HOA fees

Annual Taxes $12,422

Amenities

shared coin-operated laundry

Building Details

Building Size 7,712 SF
Year Built 1968
Buildings 1
Stories 2
Listing Agency: Century 21 Signature Real Estate-Waverly
Listed By: Timothy Lalk · License #S71966000
Source: Sweeneyrealestate
Added: Apr 17 Changed: Aug 2 Last Checked: Aug 8 at 12:55PM

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 Century 21 Signature Real Estate-Waverly

Investment Insights

Based on property information with market context.

This 7,712-square-foot mixed-use property was built in 1968 and includes a multi-office layout on the main level. The second floor contains five apartments: four two-bedroom, one-bath units and one one-bedroom, one-bath unit. Residents share a coin-operated laundry area, while each apartment has its own electric meter. The property is zoned C-2A.

The building is located directly across from Wartburg College on W. Bremer Avenue in Waverly, providing an established campus-facing setting. Capital improvements include a rubber roof installed in 2024, updated windows from 2019, and furnaces and central air units replaced in 2014. The existing office configuration and upper-level apartments provide a clearly defined combination of commercial and residential space.

Key Highlights

  • 7,712‑square‑foot mixed‑use property built in 1968
  • Five second‑floor apartments: four 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit
  • Main level configured with multiple offices

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

726
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?
Mixed-use property - Two-level property combines a multi-office arrangement with separately metered residential units and shared laundry facilities.
Where is this mixed-use property 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: 7,712‑square‑foot mixed‑use property built in 1968; Five second‑floor apartments: four 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit; Main level configured with multiple offices
More about this property
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