122 & 120 E Bremer Avenue, Waverly, IA

$499,900

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14,900

Square feet

0.14

Acres

About 122 & 120 E Bremer Avenue

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.

Features of 122 & 120 E Bremer Avenue

MLS® # 20262708
Price $499,900
Total Available Sq. Ft 14900.00
Square Footage 14,900
Acres 0.14
Year Built 1870
Type Commercial Sale
Sub-Type Office/Retail
Status Active

Community Information

Address 122 & 120 E Bremer Avenue
City Waverly
County Bremer
State IA
Zip Code 50677

Amenities

Utilities Electricity Available, Natural Gas Available, Water Available, Sewer Available, Fiber Optics

Interior

Heating Forced Air, Natural Gas, Electric
Cooling Central Air, Multi Units

Exterior

Exterior Brick
Construction Brick

Lease Information

Price Type Gross
Lease Type None

Additional Information

Date Listed June 14th, 2026
Days on Market 4
Zoning C-3
Total Building Sq. Ft. 14900.00
Gross Taxes $9,782

Listing Details

AgentTimothy Lalk
OfficeCentury 21 Signature Real Estate-Waverly

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