122 & 120 E Bremer Avenue

Highlights:

• Annual Tax: $ 9781.0

Description:

This commercial real estate package features two side-by-side historic buildings at 120 and 122 E Bremer Avenue in the heart of downtown Waverly. Offered as a combined sale, these highly visible properties provide a premier downtown footprint with exceptional income-producing potential and long-term upside for investors or owner-occupants. The main floor consists of multiple commercial units with strong storefront exposure along one of Waverly's busiest downtown corridors, creating opportunities for diversified rental income or owner-occupied business space. Below, the expansive basement level offers substantial usable space ideal for storage, workshops, future tenant amenities, or additional redevelopment possibilities. The second floor features six apartment units, providing an established residential income stream above the commercial spaces. Adding even more value, the third floor includes vacant space ready for conversion into additional apartments, creative studios, event space, or a custom vision tailored to market demand. Acquiring both adjacent storefront buildings doubles your main-street presence and creates a rare mixed-use investment opportunity with multiple income streams, redevelopment potential, and significant room for future growth. This property blends high-traffic commercial real estate, residential rentals, and untapped expansion space in one of Northeast Iowa's most desirable downtown locations.

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Listing ID: 0896df27-21e8-49d2-891f-51b83b74979e