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1640 1st Street WestIndependence, IA 50644

Commercial · 2,820 Sq. ft. | 0.72 Acres
$225,000 ACTIVE

1640 1st Street West Overview

Time on Site:
97 days
Visits:
44

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.

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1640 1st Street West Facts & Features

  • Type Commercial
  • Sq. ft. 2,820
  • Price/Sq.ft. $80
  • Lot 0.72 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: 1976

Location/Region

  • County Or Parish: Buchanan

Rent/Lease Information

  • Lease Term: N/A
  • Tenant Pays: N/A

Tax Information

  • Tax Annual Amount: 6308.36
  • Tax Assessed Value: 262959
  • Tax Year: 2024

General Information

  • Ownership: Trust
  • Parcel Number: 0633452003
  • Possible Use: Office,Retail,Other
  • Property Sub Type: Retail
  • Property Type: Commercial Sale
  • Special Listing Conditions: Normal Sale
  • Zoning: C-2

Interior

Building Interior

  • Building Area Total: 2820

General Information

  • Cooling: Central Air
  • Heating: Forced Air,Natural Gas

Exterior

Lot Information

  • Frontage Type: Corner Lot,City Street
  • Lot Size Acres: 0.723
  • Lot Size Square Feet: 31472

Building Exterior/Construction

  • Roof: Composition Shingle

General Information

  • Sewer: Public Sewer
  • Utilities: Electricity Available,Natural Gas Available,Water Available,Sewer Available,Phone Available,Fiber Optics

1640 1st Street 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.

1640 1st Street West Monthly Cost

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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.

1640 1st Street West Market Data

Based on the last 30 days in this zip code

$241,221
Average List Price
$862
Average Price per Square Foot
11
Properties Sold
99
Average Days on Market
37
Properties for Sale
Calculations provided by Reliance Network

1640 1st Street West History

Date Event Value Agent
3/24/2026Source: Northeast Iowa Regional MLS Added to Database
March 24, 2026
Listing provided courtesy of RE/MAX Independence RealtyNortheast Iowa Regional MLS- MLS# 20261137MLS Provider