107 S Franklin St 14,850 SF 100% Leased Retail Building Manchester, IA 52057 $591,090 CAD ($39.80 CAD/SF)

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.