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118 N Franklin Street Manchester, IA 52057 • Commercial - Retail • Active

  • 118 N Franklin Street, Manchester, IA 52057 Main Photo

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Description

Investment includes the Established Repeats Consignment Shop along with the Commercial real estate! Providing an excellent opportunity for an Entrepreneur, investor, or owner-occupant to take over a Lucrative retail business while owning the building in which it operates. The main level offers nearly 2,000 square feet of open, flexible commercial space, providing an inviting retail environment with room for continued business operations and future growth. The property also includes a spacious two-bedroom, two-bath loft apartment with an open-concept living area, offering the potential for on-site living, additional rental income, or a convenient live/work arrangement. Additional features include an outdoor patio, a two-car heated garage, and an elevator serving both levels. With the business and building being sold together, this property offers a rare combination of established income and commercial ownership, and residential versatility. Whether you are looking for success of an established consignment business or expand your investment portfolio this live/work setup and property offers exceptional flexibility and opportunity!

Property Highlights

Property Type: Commercial - Retail
Building Description: 2.0 stories
Year Built: 1900

General Information

County: Delaware
Listed By:
Skogman Realty Kristine Baldwin 563-920-9194
Cedar Rapids MLS
$327,500
Est. $2,277/mo
Active
SQUARE FEET5,919 MLS#2509794
STATUSActive PROPERTY TYPECommercial - Retail

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Agent Name: Ashley Pankey
Agent Phone: (309) 721-8830
Agency Title: Ruhl&Ruhl Realtors
Agent Email:

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118 N Franklin Street, Manchester, IA 52057.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $327,500$327,500$327,500
Down Payment $65,500$11,463$81,875
Monthly Mortgage Amount $1,721$2,112$2,123
Taxes $456$456$456
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$144$0
Monthly Estimated Total $2,277$2,812$2,679

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About this area

Iowa/Manchester
Manchester

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Find homes for sale in Manchester, IA, and learn about the local community and real estate market.

Founded in the 1850s, Manchester is a mid-size city situated in the “triangle” of Delaware County and less than an hour from Cedar Rapids, Dubuque, and Waterloo. This historic yet modern city allows residents to live a well-balanced lifestyle, including work and play. You can enjoy a suburban, farm life, or nature enthusiast lifestyle; all three are easily within the city’s boundaries! Experiencing growth in population and economic opportunity; newcomers are delighted to find a vibrant and thriving city offering employment, entertainment, and recreational activities.

Parks, rivers, and nearby lakes offer abundant outdoor fun possibilities. Embark on an adventure on your paddle board, tube, or kayak at the White Water Park for free if you bring your equipment. Take a refreshing swim at the Kramer Aquatic Center during those hot summer months or catch a flick at the local movie theater. There is plenty of unique and locally owned boutiques, antique stores, and art galleries to keep you busy with shopping. Centrally located to all its residents, Manchester offers delicious food at quaint local restaurants, including the Riverbend Pub & Grill, Sunset Family Restaurant, and April’s Downtown Diner.

Manchester’s Urban Revitalization Program is helping this community grow, creating a healthy and stable housing market. From gorgeous lake homes to historic farmhouses on the outskirts, this close-knit city is also establishing neighborhoods with newly constructed homes.

Get connected with a local real estate expert for up-to-date real estate market trends, nearby school profiles, community demographic information, and more.

Nearest Ruhl&Ruhl Office
5805 Council St. NE, Suite A
Cedar Rapids, IA 52402
Phone Number: (563) 441-1776

About this community

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 10/26/2026. The listing information on this page last changed on 10/26/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Mon 10/26/2026 12:05:19 AM EST) or MRED MLS (last updated Mon 10/26/2026 12:02:04 AM EST) or SCWMLS (last updated Sun 10/25/2026 11:55:20 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Sun 10/25/2026 10:15:20 PM EST) or Cedar Rapids MLS (last updated Sun 10/25/2026 10:44:20 PM EST) or NEIRBR MLS (last updated Sun 10/25/2026 11:58:41 PM EST) or ICAAR MLS (last updated Sun 10/25/2026 11:37:31 PM EST) or ECIMLS (last updated Sun 10/25/2026 11:44:34 PM EST) or RMLSA (last updated Mon 10/26/2026 12:00:57 AM EST) or Muscatine MLS (last updated Mon 10/26/2026 12:00:10 AM EST) or No Coast MLS (last updated Mon 10/26/2026 12:04:20 AM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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