Commercial opportunity in the heart of uptown Panora, located directly across from the main square and city gazebo. This 2-story building offers approximately 1540 sq ft with commercial space on the main level and a one-bedroom apartment upstairs. The main level opens to a large front room with an existing counter area. A hallway leads to five smaller rooms, providing an existing layout that could be reworked to accommodate a variety of uses. The rear room provides access to the alley entrance and also includes washer/dryer hookups and access to the full unfinished basement. Upstairs, the one-bedroom apartment includes a kitchen, bathroom and living area. Original architectural details remain, including arched window openings that could be restored and incorporated into a future renovation. The next owner has the opportunity to redesign the space to fit their intended use. With a central uptown location, commercial space, residential living quarters and both front and rear access, this property offers plenty of possibilities for someone ready to bring new life to the building.
Own a piece of downtown Panora with income already built in! This 3-story brick building features four remodeled apartments upstairs, including three 1-bedroom units and one 2-bedroom unit, all currently occupied. The 1,320 sq. ft. main floor is currently used as a laundromat, but the possibilities are wide open for retail, office space, a salon, studio, service business, or something completely new. Whether you're looking to add a solid mixed-use property to your portfolio or operate your own business while collecting rental income upstairs, this unique property offers flexibility, character, and plenty of potential.
JUST LISTED in Panora! 116 E Main Street offers a great opportunity for office or professional service space right in the heart of town. Previously used as an insurance agency, this Main Street property provides excellent visibility, convenient access, parking in both the front and rear, and an average traffic count of 4,490 vehicles per day. Located near Lake Panorama and downtown Panora, this property could be a great fit for an office, agency, consulting business, financial services, or another professional service use serving Panora and the surrounding communities. Buyers may also want to explore Panora’s downtown façade improvement rebate program for qualifying improvements. Reach out for details or to schedule a private showing.
Panora is located in Iowa. Panora, Iowa has a population of 1,537. Panora is more family-centric than the surrounding county with 34.25% of the households containing married families with children. The county average for households married with children is 27.26%.
The median household income in Panora, Iowa is $59,258. The median household income for the surrounding county is $67,625 compared to the national median of $69,021. The median age of people living in Panora is 38 years.
The average high temperature in July is 84.9 degrees, with an average low temperature in January of 10 degrees. The average rainfall is approximately 35.2 inches per year, with 26.4 inches of snow per year.
