1811 1st W St Independence, IA 50644-2325
This exceptional commercial property, located at 1811 W 1st Street in Independence, Iowa, presents a remarkable opportunity for a diverse range of businesses. Boasting nearly 5,000 square feet of versatile space, this building sits on a substantial 1.69-acre lot, providing ample parking for customers and employees. Its strategic location along West 1st Street ensures high visibility and accessibility. The property benefits from a strong surrounding commercial presence, including three motels, and enjoys close proximity to the Independence School campuses and their associated activity fields, creating a vibrant and active neighborhood. The expansive lot offers significant potential for future expansion or outdoor uses, depending on the intended business operations. The building's substantial size and convenient location make it an ideal choice for a variety of commercial ventures, from retail and office spaces to light industrial uses. The asking price of $200,000 represents a compelling investment opportunity in a thriving community. This property is ready for immediate occupancy and offers a blank canvas for your business vision. Serious inquiries are encouraged to explore the full potential of this exceptional commercial offering.
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.