Clear Lake, IA Commercial Real Estate for Sale

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Updated: Jan 16, 2025

Flex Space with Service Bays

712 HWY 18 E, Clear Lake, IA 50428

$468,000

3,879 sqft 0.44 AC lot

3,879 SF building on Highway 18 East in Clear Lake
Two‑bay service shop connected to sales, office, and showroom space
124 x 24 feet of connected sales, office, and showroom area
Corner position at Highway 18 East and N. 8th Street
Central air, metal roof, and block/frame construction

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This listing looks promising.

Here's a quick look at some key insights for

712 HWY 18 E, CLEAR LAKE, IA 50428

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Est. Cap Rate

6.4%
Above avg (5.9%)
Est. NOI

$30K
Annual
Mortgage

$600K
May 2023
Last Sold

May 2023
$305K
Property Type

Service Station (Full Service)
Built 1951

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Updated: Oct 17, 2025

9-Hole Golf Course with Clubhouse

518 27th Avenue S, Clear Lake, IA 50428

$2,900,000

26 acres m/l with a 9‑hole golf course
Clubhouse included with the property
Three‑bedroom family home included
Golf course equipment included
Course must remain operational for an additional 10 years unless a new course opens within 1.5 miles

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Highway Flex Property With Service Bays

712 HWY 18 E, Clear Lake, IA 50428

$468,000

0.45 AC lot

CH-1 zoning and a connected shop, showroom, office, and sales layout support varied commercial applications.

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Expanded Industrial Warehouse Facility

1303 N 56th St, Clear Lake, IA 50428

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11,028 sqft 1.96 AC lot

Modern warehouse facility on nearly two acres with HWY Commercial zoning for flexible industrial use.

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Highway Commercial Development Land

Hwy 18 & 260th Street, Clear Lake, IA 50428

$295,000

5.72 AC lot

5.72-acre site in Clear Lake with highway commercial zoning, city water available, and natural features including trees and a pond.

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Established 9-Hole Golf Course

518 27th Ave S, Clear Lake, IA 50428

$2,900,000

26.00 AC lot

Well-groomed golf course for sale with a clubhouse and a 3-bedroom family home.

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Clear Lake Commercial Property

712 HWY 18 E, Clear Lake, IA 50428

$468,000

3,879 sqft 0.45 AC lot

Commercial property in Clear Lake with high traffic location.

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Commercial Lots at Major Interchange

I-35 & Hwy 18, Clear Lake, IA 50428

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1.38 AC lot

Strategically positioned commercial lots at I-35 and Hwy 18 with flexible options to subdivide or combine parcels.

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Commercial Development Land Sites

I-35 & Hwy 18, Clear Lake, IA 50428

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1.24 AC lot

Commercial lots near the I-35 and Hwy 18 interchange, with flexible options to subdivide or combine parcels.

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Commercial Development Land Sites

I-35 & Hwy 18, Clear Lake, IA 50428

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1.37 AC lot

Commercial lots near an I-35 and Highway 18 interchange offer flexible sizing through subdivision or combination.

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Commercial Development Land Sites

I-35 & Hwy 18, Clear Lake, IA 50428

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2.91 AC lot

Commercial lots at a major north-south I-35 interchange, positioned along an east-west corridor, with flexible lot sizing options.

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Commercial Land Development Sites

I-35 & Hwy 18, Clear Lake, IA 50428

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2.72 AC lot

Commercial lots at a major I-35 and Highway 18 interchange, offering flexible options to subdivide or combine parcels.

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Commercial Land at Major Interchange

I-35 & Hwy 18, Clear Lake, IA 50428

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3.88 AC lot

Commercial lots near a major north-south interchange on I-35 with access along the Highway 18 corridor.

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Commercial Land with Flexible Lot Sizes

I-35 & Hwy 18, Clear Lake, IA 50428

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12.32 AC lot

Commercial lots positioned at a major north-south interchange on a key east-west corridor.

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Prime Commercial Lots Available

NEC I-35 & Hwy 18, Clear Lake, IA 50428

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Eight commercial lots ready for development near I-35.

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Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 15 Active listings in Clear Lake, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 57 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Multi-Tenant Strip Retail Property

402 Indianhead Dr, Mason City, IA 50401

$1,400,000

6,148 sqft 0.99 AC lot

Three-suite retail building with Subway and US Cellular occupancy in a multi-use zoning district.

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Multi-Tenant Retail Storefront

402 Indianhead Dr, Mason City, IA 50401

Contact for pricing

6,148 sqft

Three-suite retail property leased to Subway and US Cellular near Indianhead Square.

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Insulated Warehouse with Radiant Heat

3415 9th SW, Mason City, IA 50401

$599,000

2.50 AC lot

Steel warehouse with radiant heat, three overhead doors, and a full bathroom.

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Land in Central Mason City

568 Indianhead Dr, Mason City, IA 50401

Contact for pricing

Commercial land with highway access in Mason City, Iowa.

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Off-Market Properties in Clear Lake, IA

Consider similar Off-Market properties in Clear Lake, IA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

VETERINARY, ANIMAL HOSPITAL

240 Us Hwy 18th W, Clear Lake, IA 50428-3704

$245,000

Estimated value

1,536 sqft 0.19 AC lot

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WAREHOUSE, STORAGE

2101 2nd S Ave, Clear Lake, IA 50428-2200

$315,000

Estimated value

6,600 sqft 1.51 AC lot

View details

BARBER, HAIR SALON

612 Buddy Holly Pl, Clear Lake, IA 50428-1364

$230,000

Estimated value

1,800 sqft 0.07 AC lot

View details

RETAIL STORES (PERSONAL SERVICES)

418 Main Ave, Clear Lake, IA 50428-1827

$670,000

Estimated value

9,240 sqft 0.28 AC lot

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LIGHT INDUSTRIAL

910 24th St, Clear Lake, IA 50428-4011

Value Estimation by Request

240 sqft 6.05 AC lot

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LIGHT INDUSTRIAL

3300 Main Ave, Clear Lake, IA 50428-2413

$630,000

Estimated value

10,020 sqft 4.67 AC lot

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RESTAURANT

12 3rd St, Clear Lake, IA 50428-1808

$345,000

Estimated value

3,243 sqft 0.13 AC lot

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LIGHT INDUSTRIAL

2nd 4th S Ave, Clear Lake, IA 50428

$250,000

Estimated value

1,000 sqft 0.28 AC lot

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LIGHT INDUSTRIAL

3305 Main Ave, Clear Lake, IA 50428

$255,000

Estimated value

3,840 sqft 0.49 AC lot

View details

Clear Lake, IA Commercial Real Estate Market Trends and Statistics

Explore 72 commercial real estate for sale in Clear Lake, IA, showcased through 15 active listings on our real estate platform. These investment opportunities span a total of 18,786 square feet of properties for sale, with an estimated market value of $7,499,000.

Sale prices for business properties in Clear Lake, IA start at $295,000, averaging $1,249,833, and reaching up to $2,900,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 9,093

Population Growth (5Y) -2.6%

Median Household Income $72,932

College Educated 43.7%

High-Yield Neighborhoods for Investment

Identify Clear Lake submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
50428	$739.2K

Taxes & Financing

Tax Rate (average for all types) 1.86%

Property Tax per SF $22.31 per SF

Tax Rate vs County Average 0.31 pp below county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Cerro Gordo County

New Delisted

Total CRE Inventory on Market (SF)

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Clear Lake, IA Commercial Real Estate for Sale

712 HWY 18 E, Clear Lake, IA 50428

518 27th Avenue S, Clear Lake, IA 50428

712 HWY 18 E, Clear Lake, IA 50428

1303 N 56th St, Clear Lake, IA 50428

Hwy 18 & 260th Street, Clear Lake, IA 50428

518 27th Ave S, Clear Lake, IA 50428

712 HWY 18 E, Clear Lake, IA 50428

I-35 & Hwy 18, Clear Lake, IA 50428

I-35 & Hwy 18, Clear Lake, IA 50428

I-35 & Hwy 18, Clear Lake, IA 50428

I-35 & Hwy 18, Clear Lake, IA 50428

I-35 & Hwy 18, Clear Lake, IA 50428

I-35 & Hwy 18, Clear Lake, IA 50428

I-35 & Hwy 18, Clear Lake, IA 50428

NEC I-35 & Hwy 18, Clear Lake, IA 50428

Opportunities in Nearby Cities

402 Indianhead Dr, Mason City, IA 50401

402 Indianhead Dr, Mason City, IA 50401

3415 9th SW, Mason City, IA 50401

568 Indianhead Dr, Mason City, IA 50401

Off-Market Properties in Clear Lake, IA

240 Us Hwy 18th W, Clear Lake, IA 50428-3704

2101 2nd S Ave, Clear Lake, IA 50428-2200

612 Buddy Holly Pl, Clear Lake, IA 50428-1364

418 Main Ave, Clear Lake, IA 50428-1827

910 24th St, Clear Lake, IA 50428-4011

3300 Main Ave, Clear Lake, IA 50428-2413

12 3rd St, Clear Lake, IA 50428-1808

2nd 4th S Ave, Clear Lake, IA 50428

3305 Main Ave, Clear Lake, IA 50428

Clear Lake, IA Commercial Real Estate Market Trends and Statistics

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Listings Trend

Total CRE Inventory on Market (SF)

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