107 S Franklin St - Storefront FOR SALE


Manchester, IA 52057
$425,000 USD
319-491-5446
107 S Franklin St, Manchester, IA for Sale
$425,000 USD
Storefront - FOR SALE
1/26
null | Request Cap Rate

107 S Franklin St
Manchester, IA 52057


HIGHLIGHTS

  • Historic downtown property with only four owners since 1900.
  • Visibility benefits from traffic between major local destinations.
  • Lower level includes storage areas and handicap-accessible space.
  • Flexible redevelopment potential for multiple future uses.

OVERVIEW

This historic downtown Manchester property presents a rare opportunity to acquire a landmark building with a documented ownership history spanning more than a century. With only four owners since 1900, the property occupies a prominent position along a primary downtown corridor, benefiting from visibility generated by its location between a popular grocery destination and a whitewater recreation attraction. The building's longstanding presence in the community has supported a variety of uses over the years, including a pharmacy, drug store, and 1950s-era ice cream parlor, creating a recognizable identity within the local market. The property offers nearly 15,000 square feet above grade and provides substantial flexibility for investors, owner-users, entrepreneurs, or redevelopment groups seeking a project with multiple potential outcomes. The main levels can support retail, entertainment, hospitality, office, residential conversion, or other adaptive reuse concepts, subject to applicable approvals. A lower level provides extensive storage capacity along with a former youth center area featuring handicap accessibility, while the upper level presents additional space for repositioning and future improvements. Its downtown setting places the property within an established commercial environment where businesses, residents, and visitors regularly circulate through the area. Buyers have the opportunity to restore a historic community destination, introduce a new retail concept, or pursue a broader redevelopment vision that capitalizes on the building's size, visibility, and longstanding connection to Manchester.

FOR SALE DETAILS

PRICE

$425,000 USD

PRICE/SF

$29 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

C

APN/PARCEL ID

631-32-11-008-00

ASK ABOUT THIS PROPERTY

Tyler LautkeRealty87More Info
319-491-5446

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Tyler LautkeRealty87More Info
319-491-5446

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.