702 Us-61 Wapello, IA 52653
This exceptional 8,125-square-foot retail storefront, located at 702 N Highway 61 in Louisa County, presents a unique investment opportunity. The property boasts a substantial 41,652-square-foot lot, offering ample space for expansion, outdoor displays, or additional parking. Currently vacant, the entire building is available for lease to a single tenant, providing flexibility for a wide range of retail businesses. The B-2 zoning allows for diverse commercial uses, making it an adaptable space for various concepts. The building's generous square footage provides ample room for inventory, display areas, and customer service spaces. Its prominent Highway 61 location ensures high visibility and accessibility for potential customers. The property's size and location make it ideal for a variety of retail ventures, from established businesses seeking expansion to new entrepreneurs looking for a strong foothold in the market. The large lot size offers significant potential for future development or expansion, adding further value to this already attractive property. This is a rare opportunity to secure a substantial retail space in a desirable location with excellent visibility and growth potential. Serious inquiries are encouraged to explore the possibilities this property offers.
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.