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    1208 Willis Ave Perry, IA 50220

    Sponsored
    For Sale
    $675,000

    Perry, IA: 9,920 SF Value-Add Opportunity

    Property size:
    9,920 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Perry, Iowa commercial property, located at 1208 Willis Avenue, presents a compelling value-add investment opportunity. The 9,920 square foot building, constructed in 1946 and extensively renovated in 2023, sits on a 0.26-acre lot and is currently vacant. Its versatile layout, previously used as a bank, restaurant, and storefront, offers significant potential for a variety of commercial uses. The property boasts a single story, with a main level ceiling height ranging from 14 to 16 feet and a basement ceiling height of 8.5 feet. The building is classified as Class C and is zoned for commercial use. Its prominent location in Perry provides excellent visibility and accessibility within the local market. The property's ample space and modern amenities make it an ideal choice for investors seeking to expand their portfolio. The Dallas County property (APN: 0210314009) is listed at $675,000. This is a rare chance to acquire a substantial commercial property in a thriving Iowa community.

    Property Features for 1208 Willis Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    9,920 SF
    Class
    C
    Lot Size
    11,326 SF

    Building Details

    Year Built/Renovated
    1946/2023
    Buildings
    1
    Stories
    1

    HighLights

    • 8.5‑foot basement ceiling height.
    • 14- to 16‑foot main level ceiling height.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Perry
    County
    Dallas
    State
    Iowa
    Longitude
    -94.105181384519
    Latitude
    41.83846368807

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    FAQs

    What type of property is this?
    Individual retail property - Perry, IA: 9,920 SF Value-Add Opportunity
    Where is this individual retail property located?
    The property is located at 1208 Willis Ave Perry, IA.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: 8.5-foot basement ceiling height.; 14- to 16-foot main level ceiling height.;
    Request Owner's contact information
    1208 Willis Ave Perry, IA 50220
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    Perry, IA 50220
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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
    1208 Willis Ave Perry, IA 50220
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