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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

702 Hwy 61 Hwy Wapello, IA 52653

Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
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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