1100 20Th Ave Independence, IA 50644
This exceptional 3.02-acre commercial lot presents a unique investment opportunity in Independence, Iowa. Strategically located on the west edge of town, this property boasts excellent visibility and accessibility, situated near the new Junior/Senior High School and in close proximity to Highway 20, ensuring high traffic volume and exposure. The lot is zoned C-2, making it suitable for a wide range of commercial uses, including sales, service businesses, and professional offices. City utilities are already installed, streamlining the development process and minimizing upfront costs. This is one of three desirable commercial building lots in this area, offering a rare chance to establish a thriving business in a growing community. The expansive lot size provides ample space for construction and potential future expansion. Don't miss this opportunity to secure a prime location for your commercial venture in a vibrant and developing area. The asking price is $129,000. The property is located at 1100 20th Ave. S.W., Lot 4, Independence, IA 50644, within Buchanan County.
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
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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.