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205 Wiley ave 3,600 SF 100% Leased Retail Building Washington, IA 52353 $675,000 ($187.50/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
Newer construction commercial building completed in 2023, offering approximately 3,600 SF on a 0.96-acre lot with outstanding visibility along Hwy 92 (E Washington St) in Washington, Iowa. This blank-slate property is ideal for an owner-user or investor seeking a flexible, move-in-ready commercial space. Currently owner-occupied; sale includes real estate only—business not included. The expansive lot provides room for expansion, additional parking, or future development. Strategically located in a strong commercial corridor near Walmart, Dollar Tree, Pizza Ranch, and other national retailers. A hotel is planned for the adjacent parcel to the west with an estimated completion of November 2026, adding future traffic and demand to the area. Excellent opportunity to acquire a modern commercial asset in a growing business location.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
3,600 SF
Building Class
B
Year Built
2023
Price
$675,000
Price Per SF
$187.50
Percent Leased
100%
Building Height
1 Story
Building FAR
0.09
Lot Size
0.94 AC
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
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