Address
1640 1st Street West, Independence, IA
Price
$ 225,000
Property Attributes
- MLS#20261137
- TypeCommercial
- Listing Status ACTIVE
- CountyBUCHANAN
- CityIndependence
- AreaBuchanan
- Zip50644
- StyleFree Standing,1 Story
- Year Built1976
- Taxes$ 6308
- Price$ 225,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage2820
- Lot Size0.723 Acres
Data Source:
Listings courtesy of Northeast Iowa Regional Board of REALTORS® as distributed by MLS GRID
Property 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.
| Price History | |
|---|---|
| 3/24/2026 | Listed $225,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Forced Air,Natural Gas |
| Cooling | Central Air |
| Utilities | Electricity Available,Natural Gas Available,Water Available,Sewer Available,Phone Available,Fiber Optics |
| Possession | Closing |
| Roof | Composition Shingle |
| Zoning | C-2 |
| Year Built | 1976 |
| Tenant Pays | N/A |
| Property Subtype | Retail |
| Tax Year | 2024 |
| Ownership | Trust |
| County | Buchanan |
| Property Type | Commercial Sale |
| Possible Use | Office,Retail,Other |
| Status | ACTIVE |
| Buyer Financing | Cash Convention |
| Directions | 1st St. West between 16th & 17th Ave. N.W. |
| City | Independence |
| Lot Size Square Feet | 31472 |
| Tax Annual Amount | 6308.36 |
| Ok to Lease | N/A |
| Lease Type | None |
| Tax Assessed Value | 262959 |
Exterior Features
| Building Area Total | 2820 |
|---|---|
| Lot Size Acres | 0.723 |
| Frontage Type | Corner Lot,City Street |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 50644
Price
Taxes
Year Built
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