1640 1st Street West, Independence, IA 50644
Buchanan County
Key Facts
Description
Welcome to the ultimate investment opportunity! This building boasts 2820 square feet of prime commercial real estate just 1.5 miles from Highway 20. Most recently housed a restaurant, the property is zoned C-2, allowing for a wide range of commercial uses. The building itself features a spacious and inviting interior, with ample space to accommodate any business venture. Its location on the highly traveled 1st Street West ensures excellent visibility and easy access, making it a prime destination for customers. Additionally, this property features two large concrete parking lots, each measuring 12,200 square feet, providing ample parking for customers and employees. Neighboring businesses include Subway, Advance Auto Parts, Dollar General, Pizza Ranch, and Super 8 Motel. It is also situated in close proximity to the Independence Community Schools campus, making it an excellent location for any business catering to families, students and the broader community. With its prime location and impressive features, this building offers a rare opportunity to own a highly desirable piece of commercial real estate.
Property Information
Property Type
Commercial Sale
Sub-Type
Retail
Year Built
1976
Stories
1
Living Area
2,820 sq ft
Lot Size
0.72 acres
Ownership
Trust
Zoning
C-2
Days on Market
5
MLS® Listing#
20261137
Property Features
Cooling
Heating
Lot Features
Construction
Roof
Utilities
Sewer
Financial Details
Annual Taxes
$6,308
Tax year 2024
Assessed Value
$262,959
Parcel Number
0633452003
Directions
1st St. West between 16th & 17th Ave. N.W.
Affordability Calculator
$45,000
Estimated monthly payment
$1,198/mo
Principal $180,000 · Est. interest $251,116 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Independence, IA
- $211,111
- Median Listing Price
- 61
- Median Days on Market
- 1,553
- Median Sq Ft
- $157
- Median Price / Sq Ft
- 19
- Active Listings
- This home’s price is 7% above the area median.
- Its price per sq ft is 49% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Independence, IA.
Location
Points of Interest in Independence, IA
Showing the Independence area map.
Nearby Schools
Little Red Schoolhouse
School · 0.2 mi away
West Elementary School
Elementary · 0.3 mi away
Independence Middle School
Elementary · 0.3 mi away
East Elementary School
Elementary · 0.3 mi away
Independence Community School District
School · 0.3 mi away
Independence Junior Senior High School
Secondary · 0.4 mi away
St John's Elementary School
Elementary · 1.2 mi away
Independence Christian Academy
School · 1.7 mi away
St. Athanasius School
School · 7.6 mi away
Jesup High School
Secondary · 7.8 mi away
Jesup Community School District
School · 7.8 mi away
East Buchanan High School
Secondary · 9.0 mi away
Cono Christian School
School · 12.7 mi away
Fairbank Elementary School
Elementary · 13.7 mi away
Sacred Heart School of Oelwein
School · 13.9 mi away
Little Husky Learning Center
Secondary · 14.1 mi away
Oelwein Middle School
Secondary · 14.2 mi away
Parkside Elementary School
Elementary · 14.2 mi away
Dunkerton Elementary
Elementary · 14.3 mi away
Dunkerton Community School
Secondary · 14.3 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 307 6th Ave NE, Independence, IA | $159,900 | 2 | 1 | 864 |
| 314 15th Ave. N.E., Independence, IA | $189,500 | 3 | 1 | 1,852 |
| Swan Lake Blvd., Independence, IA | $199,500 | — | — | — |
| 808 5th Ave NE, Independence, IA | $199,900 | 4 | 2 | 1,786 |
| 2094 Jamestown Ave, Independence, IA | $199,900 | 2 | 1 | 2,094 |
| 2082 Jamestown Ave, Independence, IA | $199,900 | 3 | 1 | 880 |
Moving Cost Estimate
EXIT Agents in Independence
Listing Courtesy: RE/MAX Independence Realty - CELL: 563-920-8212
Presented by: Curt G Martin