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    Prime Commercial Property on 1st Street
    Updated: Mar 24
    Prime Commercial Property on 1st Street

    1640 1st Street W, Independence, IA 50644

    $225,000
    2,820 sqft 0.72 AC lot
    Prime commercial real estate location on highly traveled 1st Street West with excellent visibility.
    Zoned C‑2, allowing for a wide range of commercial uses.
    Two large concrete parking lots, each measuring 12,200 square feet.
    Spacious and inviting 2820 square foot interior.
    Located 1.5 miles from Highway 20.
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Independence, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Turnkey Retail Convenience Suite
    Turnkey Retail Convenience Suite

    4116 University Avenue, Cedar Falls, IA 50613

    Contact for pricing
    2,840 sqft

    Existing coolers, shelving, and checkout setup support a grab-and-go or specialty retail concept.

    View details
    Retail Suite with Private Restrooms
    Retail Suite with Private Restrooms

    2027 Crossroads Boulevard, Waterloo, IA 50702

    Contact for pricing
    1,500 sqft

    Suite A offers private restrooms and storage in a retail corridor with reported 20,600 VPD visibility along San Marnan Drive.

    View details
    Divisible Retail Suite with Open Layout
    Divisible Retail Suite with Open Layout

    2520 Melrose Drive, Cedar Falls, IA 50613

    Contact for pricing
    2,500 sqft

    A 2,500 SF retail suite in a strip center with flexible open space and strong signage opportunities.

    View details
    Former Toys R Us Retail Building
    Former Toys R Us Retail Building

    2039 Crossroads Boulevard, Waterloo, IA 50701

    Contact for pricing
    7,200 sqft

    NNN retail building offering 7,200 SF with ample parking and strong visibility across from Crossroads Mall.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Waterloo Commercial Land For Sale
    Waterloo Commercial Land For Sale

    3455 Marnie Avenue lot: 2, Waterloo, IA 50701

    $802,593
    3.35 AC lot

    Commercial land with flexible zoning and development options in Waterloo.

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    Waterloo Commercial Land For Sale
    Waterloo Commercial Land For Sale

    3423 Marnie Avenue lot: 1, Waterloo, IA 50701

    $479,160
    2.00 AC lot

    Commercial land available for design/build project in Waterloo, Iowa.

    View details
    Hiawatha Commercial Land For Sale
    Hiawatha Commercial Land For Sale

    Tower Terrace Rd lot: 5, Hiawatha, IA 52233

    $378,972
    1.45 AC lot

    1.45 acre commercial lot near I-380 in Hiawatha, Iowa.

    View details
    C2 Zoned Commercial Development Lot
    C2 Zoned Commercial Development Lot

    Crosspark Rd, Coralville, IA 52241

    $1,039,560
    2.39 AC lot

    Utilities are available to this C2-zoned parcel, supporting flexible commercial development near major Coralville corridors.

    View details

    Independence, IA Storefront Properties Market Trends and Statistics

    Explore 1 storefront properties for sale in Independence, IA on our real estate platform. These investment opportunities span a total of 2,820 square feet of properties for sale, with an estimated market value of $225,000.

    Sale prices for retail units in Independence, IA start at $225,000, averaging $225,000, and reaching up to $225,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Automotive properties 2
    Car washes 2
    Auto shops 1
    Storefront properties 1

    Demographics Overview

    Population 8,475
    Population Growth (5Y) -4.2%
    Median Household Income $79,861
    College Educated 32.6%

    High-Yield Neighborhoods for Investment

    Identify Independence submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    50644 $225K

    Taxes & Financing

    Tax Rate (average for all types) 2.41%
    Property Tax per SF $22.18 per SF
    Tax Rate vs County Average 0.14 pp above county avg
    Average Loan-to-Value 65.0%

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