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Property profile & analytics
OFF-MARKET
Commercial real estate

702 Hwy 61 Hwy Wapello, IA 52653

8,125 SF 0.96 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Total area 8,125 SF
Lot 0.96 ac (41,818 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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