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1640 1st St W
Independence, IA 50644
Retail Property For Sale

Investment Highlights

  • Prime Corner Location
  • Two 12,200 sq.ft. concrete parking lots
  • Just 1.5 miles from Highway 20

Executive Summary

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 comes with not one but two large concrete parking lots, each measuring 12,200 square feet, providing ample parking space 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 Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,820 SF
Building Class
C
Year Built
1976
Price
$306,954 CAD
Price Per SF
$108.85 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.72 AC
Zoning
C2 - Commercial
Frontage
281’ on 1st Street West

Amenities

  • Corner Lot
  • Dedicated Turn Lane
  • Signage
  • Air Conditioning

Property Taxes

Property Taxes

Parcel Number
06.33.452.003
Land Assessment
$105,158 CAD
Improvements Assessment
$221,171 CAD
Total Assessment
$326,330 CAD
  • Listing ID: 39893796

  • Date on Market: 2026-03-24

  • Last Updated:

  • Address: 1640 1st St W, Independence, IA 50644

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