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205 Wiley ave 3,600 SF 100% Leased Retail Building Washington, IA 52353 $650,000 ($180.56/SF)
Investment Highlights
- Outstanding exposure on Highway 92 near established national retailers and service providers.
- Upcoming hotel development nearby is expected to drive additional traffic and business activity in the corridor.
- Situated on nearly one acre, offering flexibility for future expansion or enhancements.
Executive Summary
Brand new 2023 commercial building positioned at Washington's premier retail corner — Highway 92 (E Washington St) & Wiley Ave. This is Washington County's highest-traffic commercial intersection, with direct adjacency to Walmart Supercenter, Dollar Tree, Pizza Ranch, Hills Bank, QuickVisit Urgent Care, and Ace N More Hardware all within the same corridor.
Corner lot with approximately 117 feet of Highway 92 frontage and 300 feet of Wiley Ave frontage — exceptional dual-road visibility and access. Nearly 1 acre (0.96 acres) with substantial room for expansion, additional parking, or future development.
Proposed hotel development on the adjacent western parcel adds significant future traffic demand to an already high-volume location. This building will be surrounded by traffic generators on every side upon completion.
3,600 SF of finished space, metal construction, built 2023 — zero deferred maintenance, no repairs needed, fully turn-key. City sewer, city water, forced air electric heat, wheelchair accessible. Currently owner-occupied retail. Sale is for real estate only — business not included.
Ideal for owner-operator or investor. Suitable for retail, restaurant, office, professional services, medical, grocery, lounge/bar, shop, or warehouse use. Flexible blank-slate interior ready for any buildout.
Motivated seller. Priced to move. 48-hour showing notice required — do not approach occupants without appointment. Contact listing agent to schedule.
Corner lot with approximately 117 feet of Highway 92 frontage and 300 feet of Wiley Ave frontage — exceptional dual-road visibility and access. Nearly 1 acre (0.96 acres) with substantial room for expansion, additional parking, or future development.
Proposed hotel development on the adjacent western parcel adds significant future traffic demand to an already high-volume location. This building will be surrounded by traffic generators on every side upon completion.
3,600 SF of finished space, metal construction, built 2023 — zero deferred maintenance, no repairs needed, fully turn-key. City sewer, city water, forced air electric heat, wheelchair accessible. Currently owner-occupied retail. Sale is for real estate only — business not included.
Ideal for owner-operator or investor. Suitable for retail, restaurant, office, professional services, medical, grocery, lounge/bar, shop, or warehouse use. Flexible blank-slate interior ready for any buildout.
Motivated seller. Priced to move. 48-hour showing notice required — do not approach occupants without appointment. Contact listing agent to schedule.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
3,600 SF
Building Class
B
Year Built
2023
Price
$650,000
Price Per SF
$180.56
Percent Leased
100%
Building Height
1 Story
Building FAR
0.09
Lot Size
0.96 AC
Zoning
Commercial
Frontage
105’ on Wiley Avenue
Somewhat walkable
30/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 11-16-478-001 | Improvements Assessment | $368,700 |
| Land Assessment | $105,600 | Total Assessment | $474,300 |
Property Taxes
Parcel Number
11-16-478-001
Land Assessment
$105,600
Improvements Assessment
$368,700
Total Assessment
$474,300
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205 Wiley ave