107 S Franklin St Manchester, IA 52057
This exceptional 15,000+ square foot retail property at 107 S Franklin Street in Manchester, IA, presents a unique investment opportunity. Boasting a prominent location on a main downtown thoroughfare, this building benefits from high traffic volume due to its proximity to a major grocery store and a popular whitewater attraction. With a rich history spanning over a century and only four owners since 1900, this property offers a blend of character and potential. Previously used as a pharmacy, drug store, and even a 1950s ice cream parlor, the building's versatility allows for a wide range of uses. The main level provides ample space for retail operations, while the lower level offers substantial storage and a former youth center with convenient handicap accessibility. The upstairs area is ready for redevelopment, presenting possibilities for additional retail space, apartments, a dance hall, or any other creative vision. The 0.39-acre lot provides ample space for outdoor activities or expansion. This is a chance to own a piece of Manchester's history and shape its future. The building's prime location and substantial size make it an ideal investment for entrepreneurs and developers alike. Don't miss this opportunity to transform this historic landmark into a thriving business or residential space. Priced at $500,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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.