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    Property profile & analytics

    1208 Willis Ave Perry, IA 50220

    • Retail properties
    • 9,920 SF
    • 0.26 lot acres
    For Sale
    View listing
    $675,000
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 1208 Willis Ave

    Year built
    1946
    Lot size
    0.26 lot acres
    Property size
    9,920 SF
    Property type
    Retail properties
    Property subtype
    Restaurants

    Description

    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.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Perry
    County
    Dallas
    State
    Iowa
    Longitude
    -94.1052
    Latitude
    41.8385

    Comparable in this City

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      1111 141st St

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      1224 1st Ave

      FINANCIAL BUILDING • 14,610 SF
      1224 1st Ave, Perry, IA 50220-1501
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      1202 2nd St

      FINANCIAL BUILDING • 11,860 SF
      1202 2nd St, Perry, IA 50220-1506
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    • Value Estimation by Request
      896 SF

      Perry, IA 50220

      RETAIL STORES (PERSONAL SERVICES) • 896 SF
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    • Value Estimation by Request
      724 SF

      1620 Pattee St

      RETAIL STORES (PERSONAL SERVICES) • 724 SF
      1620 Pattee St, Perry, IA 50220-1444
      View Details

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    1208 Willis Ave
    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
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