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    702 Us-61 Wapello, IA 52653

    For Lease
    $7 SF/Yr ($5,078 /Mo)

    Prime Louisa County storefront, 8,125 sq ft.

    Lot size:
    8,125 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 8,125-square-foot retail storefront, located at 702 N Highway 61 in Louisa County, presents a unique investment opportunity. The property boasts a substantial 41,652-square-foot lot, offering ample space for expansion, outdoor displays, or additional parking. Currently vacant, the entire building is available for lease to a single tenant, providing flexibility for a wide range of retail businesses. The B-2 zoning allows for diverse commercial uses, making it an adaptable space for various concepts. The building's generous square footage provides ample room for inventory, display areas, and customer service spaces. Its prominent Highway 61 location ensures high visibility and accessibility for potential customers. The property's size and location make it ideal for a variety of retail ventures, from established businesses seeking expansion to new entrepreneurs looking for a strong foothold in the market. The large lot size offers significant potential for future development or expansion, adding further value to this already attractive property. This is a rare opportunity to secure a substantial retail space in a desirable location with excellent visibility and growth potential. Serious inquiries are encouraged to explore the possibilities this property offers.

    Property Features for 702 Us-61

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,125 SF
    Total Rate
    5078.13

    Unit(s) available at that property

    Space
    Size
    8,125 SF
    Rate per SF
    $7

    HighLights

    • 8,125 SF retail storefront available for lease.
    • Single‑tenant occupancy.
    • 8,125 SF vacant space.
    • 41,652 SF lot size.
    • B‑2 zoning.
    • Located in Louisa County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Storefront properties

    Map

    City
    Wapello
    County
    Louisa
    State
    Iowa
    Longitude
    -91.1952274
    Latitude
    41.1851564

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    FAQs

    What type of property is this?
    Individual retail property - Prime Louisa County storefront, 8,125 sq ft.
    Where is this individual retail property located?
    The property is located at 702 Us-61 Wapello, IA.
    What is the lease rate?
    The lease rate is $7 SF/Yr.
    What are key features of this property?
    This property features: 8,125 SF retail storefront available for lease.; Single-tenant occupancy.; 8,125 SF vacant space.
    Request Owner's contact information
    702 Us-61 Wapello, IA 52653
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    Wapello, IA 52653
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    702 Us-61 Wapello, IA 52653
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