702 Hwy 61 Hwy Wapello, IA 52653
This exceptional single-tenant retail property, located at 702 N Highway 61, offers 8,125 square feet of versatile commercial space. The building, identified by APN 08-27-151-007, sits on a single lot and is zoned B2, providing flexibility for a wide range of commercial uses. Its adaptable design makes it an ideal location for businesses seeking a prominent presence on Highway 61. The property's single-tenant occupancy ensures ease of management and control. The building's substantial size provides ample space for a variety of retail operations, or it could be easily subdivided to accommodate multiple smaller tenants. The strategic location on Highway 61 guarantees high visibility and accessibility for customers. This presents a unique opportunity for businesses seeking a high-traffic location with significant potential for growth. The property's existing infrastructure provides a solid foundation for immediate occupancy, minimizing upfront investment and allowing for a quick start to operations. This is a rare chance to acquire a well-situated, adaptable commercial space in a thriving area. The B2 zoning allows for a variety of commercial uses, making this property a truly versatile investment. Serious inquiries are encouraged to explore the full potential of this exceptional retail opportunity. The property is ready for immediate occupancy.
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.