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    OFF-MARKET
    Retail properties & Spaces

    1208 Willis Ave, Perry, IA 50220

    9,920 SF 0.26 ac lot Built 1946
    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Retail properties & Spaces
    Year built 1946
    Total area 9,920 SF
    Lot 0.26 ac (11,326 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
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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