REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 879,900
Est. payment /mo
Pending
1217 & 1221 2nd Street Perry, IA 50220
0.32 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 733822
HOA Y/N No
Annual Tax Amount $7,807
Tax Year 2026
Lot Size 0.320 Acres
Acres 0.32
Property Description
Located in the heart of downtown Perry, this historic building fondly remembered as the locally owned Ben Franklin for many years offers a rare mixed-use opportunity with strong character and long-term investment appeal. The upper level features five thoughtfully renovated apartments with a variety of layouts, ranging from a 900 sq ft one-bedroom unit to a 3,000 sq ft four-bedroom, three-bath residence, along with three two-bedroom options around 1,800 sq ft.. The owners' suite features high-end kitchens with premium appliances and a one-of-a-kind butcher block, plus vaulted living spaces, exposed brick, oak woodwork, maple floors, custom blinds. All residential units have private HVAC, water, and electric systems. The main floor offers over 10,000 sq ft of commercial space (currently occupied) featuring two bathrooms, a loft office, and ample storage in a clean, dry basement. Extensive building improvements include updated plumbing and electrical, newer efficient windows, major roof replacements and structural enhancements in 2023, recent tuck-pointing, a west-side deck, LED lighting upgrades, and nine dedicated tenant parking spaces, making this a truly turnkey downtown asset.
Location
State IA
County Dallas
Area Perry
Zoning COM
Interior
Heating Gas
Cooling Central Air
Fireplace No
Exterior
Private Pool No
Building
Sewer Public Sewer
Water Public
Schools
School District Perry
Others
Tax ID 0210309012
Monthly Total Fees $650
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
©2026 Des Moines Area Association of REALTORS®. All rights reserved.
Listed by Century 21 Signature
Nearby Locations