Contact us: 563.441.1776
Description
Exceptional Commercial Building with Loft Apartment! Endless options, all lines and utility are still in place to convert it back in to a Great Restaurant, diner or eatery! This versatile commercial building offers nearly 2,000 sq. ft. of prime retail or office space?perfect for a growing business, boutique, or professional services. The main level provides an open, flexible layout with excellent visibility and room to customize to your needs. Above, you'll find a spacious 2-bedroom, 2-bath loft apartment, ideal for an owner-occupant or additional rental income. The loft features an inviting open-concept design, outdoor patio space for relaxing or entertaining, and convenient access to a 2-car heated garage. An elevator services both levels, providing outstanding accessibility and convenience throughout. Whether you're an entrepreneur seeking a live/work setup or an investor looking for a strong mixed-use opportunity, this property offers exceptional potential and modern amenities throughout.
Property Highlights
Property Type: Commercial - Business
Year Built: 1900
General Information
County: Delaware
Listed By:
Skogman Realty Co.
Kristine Baldwin
319-625-6427
ICAAR MLS
MLS ID: 202507299
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118 N Franklin St, Manchester, IA 52057.
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563-441-1862
toll free 866-441-1862
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| 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 | $1,787 | $2,166 | $2,157 |
| Taxes | $456 | $456 | $456 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $144 | $0 |
| Monthly Estimated Total | $2,343 | $2,866 | $2,713 |
About this area
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
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 10/10/2026. The listing information on this page last changed on 10/10/2026. 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 Sat 10/10/2026 12:04:59 AM EST) or MRED MLS (last updated Sat 10/10/2026 12:02:15 AM EST) or SCWMLS (last updated Fri 10/09/2026 11:55:28 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Fri 10/09/2026 10:16:07 PM EST) or Cedar Rapids MLS (last updated Fri 10/09/2026 10:44:20 PM EST) or NEIRBR MLS (last updated Fri 10/09/2026 11:58:41 PM EST) or ICAAR MLS (last updated Fri 10/09/2026 11:37:30 PM EST) or ECIMLS (last updated Fri 10/09/2026 11:44:33 PM EST) or RMLSA (last updated Sat 10/10/2026 12:00:57 AM EST) or Muscatine MLS (last updated Sat 10/10/2026 12:00:11 AM EST) or No Coast MLS (last updated Fri 10/09/2026 11:54:24 PM 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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