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Property profile & analytics
FOR SALE
Retail space

107 S Franklin St Manchester, IA 52057

10,292 SF 0.16 ac lot Built 1900
Entity Owned Absentee Owner Free & Clear
Property ID
US25-0538183
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1900
Total area 10,292 SF
Lot 0.16 ac (7,050 SF)
APN 631321100800
UPID US25-0538183
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
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
FRANKLIN SACK LLC
FRANKLIN SACK LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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