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118 N Franklin Street, Manchester, IA 52057.
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!
MLS ID: 2509794
Shown By
Agent Name: Ashley Pankey
Agent Phone: (309) 721-8830
Agency Title: Ruhl&Ruhl Realtors
Agent Email:
Shown By
Agent Name: Ashley Pankey
Agent Phone: (309) 721-8830
Agency Title: Ruhl&Ruhl Realtors
Agent Email:
Contact an agent to learn more about
118 N Franklin Street, Manchester, IA 52057.

Call or Click to get Pre-Approved!
563-441-1862
toll free 866-441-1862
Customize Your Rate
| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 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 |
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
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