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1002 1st St. WestIndependence, IA 50644

Commercial · 2,250 Sq. ft. | 0.24 Acres
$129,500 ACTIVE

1002 1st St. West Overview

Time on Site:
249 days
Visits:
61

This 2,250 square foot concrete block building offers exceptional visibility and easy accessibility on one of the busiest streets in town. Situated on a prominent corner lot with C-2 zoning, the property is ideal for a variety of commercial uses. Featuring durable construction and concrete parking, this building is ready for your business to move in or to be customized to suit your needs. Two bays have been opened to form one large area. Seven overhead doors for easy access and workflow. Being this property was a former car wash, the center pits are still in place. Its strategic location near the local school campus, Casey’s General Store, Independence Premium Foods, Spahn & Rose Lumber and several other well-established businesses makes it a highly desirable spot for customer traffic and brand exposure. A deed restriction applies, ask for details.

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1002 1st St. West Facts & Features

  • Type Commercial
  • Sq. ft. 2,250
  • Price/Sq.ft. $58
  • Lot 0.24 Acres

Details

General

Income/Expenses

  • Existing Lease Type: None
  • Gross Income: 0
  • Net Operating Income: 0
  • Operating Expense: 0

Listing Information

  • Buyer Financing: Cash Convention

Building Information

  • Year Built: 1984

Location/Region

  • County Or Parish: Buchanan

Rent/Lease Information

  • Lease Term: N/A

Tax Information

  • Tax Annual Amount: 3542
  • Tax Assessed Value: 164100
  • Tax Year: 2024

General Information

  • Parcel Number: 0633481025
  • Possible Use: Retail,Other
  • Property Sub Type: Retail
  • Property Type: Commercial Sale
  • Special Listing Conditions: Normal Sale
  • Zoning: C2

Interior

Building Interior

  • Building Area Total: 2250

General Information

  • Cooling: None
  • Flooring: Concrete
  • Heating: Natural Gas,Hot Water,Other

Exterior

Lot Information

  • Frontage Type: Corner Lot,City Street,Paved 2Lane
  • Lot Size Acres: 0.244
  • Lot Size Square Feet: 10611

Building Exterior/Construction

  • Construction Materials: Block
  • Roof: Metal

General Information

  • Sewer: Public Sewer
  • Utilities: Electricity Available,Natural Gas Available,Water Available,Sewer Available

1002 1st St. West Neighborhood

Community

50644 (Independence) Demographics

42
Median Age
62
Population Density (per sq. mile)
37%
College Educated
$65,060
Estimated Median Income
2,778
Estimated Total Home Owners
802
Estimated Total Renters
78% / 22%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1002 1st St. West Monthly Cost

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$ %
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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1002 1st St. West Market Data

Based on the last 30 days in this zip code

$240,794
Average List Price
$884
Average Price per Square Foot
0
Properties Sold
97
Average Days on Market
38
Properties for Sale
Calculations provided by Reliance Network

1002 1st St. West History

Date Event Value Agent
4/21/2026Source: Northeast Iowa Regional MLS Price Reduction
$129,500 -4.1%
10/23/2025Source: Northeast Iowa Regional MLS Added to Database
October 23, 2025
Listing provided courtesy of RE/MAX Independence RealtyNortheast Iowa Regional MLS- MLS# 20255226MLS Provider