1217 & 122 2nd Street, Perry, IA

Others for Sale - $879,900


Agent Info

Amy Lucht
CENTURY 21 Signature Real Estate

Property Info

CIMLS#1187307
Location
  1217 & 122 2nd Street
  Perry IA 50220
UpdatedFebruary 6th, 2026
TypeOthers
Price$879,900

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.


Financials