702 Hwy 61 Hwy Wapello, IA 52653
This 8,125 square foot commercial building is strategically located at 702 N Highway 61 in Wapello, Iowa. Situated on a 0.96-acre lot, this property offers exceptional visibility and accessibility for a wide range of businesses. The building's adaptable interior layout presents significant potential for various commercial uses, making it an ideal investment opportunity. Its spacious footprint allows for customization to suit specific operational needs, whether it's retail, office space, light industrial, or a combination thereof. The prime Highway 61 location ensures high traffic volume and excellent exposure to potential customers. The asking price is $598,000. This presents a unique chance to acquire a well-positioned commercial property in a thriving community. The substantial size and adaptable nature of the building make it a versatile asset with considerable long-term growth potential. Serious inquiries are encouraged to explore the possibilities this property offers. The property's location on a major highway provides unparalleled access and visibility, making it an attractive option for businesses seeking a strong presence in the Wapello area. The ample space and flexible layout allow for creative adaptation to meet diverse business requirements. Don't miss this opportunity to own a valuable commercial property in a desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.