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    Spencer, IA Commercial Real Estate for Sale

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    Fostoria, IA Everly, IA Milford, IA
    8 listings
    Premium Commercial Unit in Spencer
    $285,000
    3,200 SF
    Premium Commercial Unit in Spencer

    11th Avenue, Spencer, IA 51301

    New construction commercial unit perfect for storage, business, or investment.
    • Prime Location: Excellent exposure just off Hwy 71 in Spencer.
    • New Construction: Built in 2023, ensuring modern standards and minimal maintenance.
    • High‑Quality Construction: Features southern yellow pine framing, 6‑inch reinforced concrete floors, and robust insulation.
    • Flexible Usage: Ideal for storage, contractor space, small business operations, or investment.
    • Essential Utilities: Serviced with city water & sewer, natural gas (Black Hills Energy), and electricity (Iowa Lakes Electric).
    Updated: Feb 19
    View details
    Former Truck Shop with Extras
    $350,000
    9,800 SF
    Former Truck Shop with Extras

    906 E Milwaukee St, Spencer, IA 51301

    Insulated, heated shop with office, equipment, and additional lot.
    • Large 60x180 insulated and heated building (approx. 9000 sq ft shop + 800 sq ft office)
    • Includes valuable equipment: Two Hotsy pressure washers, acid wash system, fire hose system (350 psi), complete office equipment, 5‑line phone system, computer system
    • Multiple large garage doors (12'-20' high) with remotes
    • Complete office area with equipment, 3 bathrooms, washer/dryers, and shower
    • New heater and new water heater
    Updated: Aug 28, 2025
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    Premium Commercial Unit in Spencer
    $285,000
    3,200 SF
    Premium Commercial Unit in Spencer

    New commercial unit with excellent exposure off Hwy 71.

    11th Avenue, Spencer, IA 51301

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    Mixed-Use Commercial Property in Spencer
    $399,000
    6,200 SF
    Mixed-Use Commercial Property in Spencer

    Office, retail, and warehouse space with parking on 0.5-acre lot.

    2 N Grand Ave, Spencer, IA 51301

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    Office Warehouse in West Industrial
    $179,900
    2,400 SF
    Office Warehouse in West Industrial

    2400 sq ft office warehouse in Spencer, Iowa for sale.

    1502 35th Ave W, Spencer, IA 51301

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    Anchored Retail Center For Sale
    $5,336,500
    42,756 SF
    Anchored Retail Center For Sale

    Retail center with national tenants and minimal landlord responsibilities.

    700 11th St SW, Spencer, IA 51301

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    Restaurant with Playground and Office
    $799,000
    5,438 SF
    Restaurant with Playground and Office

    5,438 SF property featuring restaurant, playground, and office spaces.

    202 11th St SW, Spencer, IA

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    Prime Retail Location Available
    Contact for pricing
    1,250 SF
    Prime Retail Location Available

    Retail space in high-traffic area near US HWY 18/71.

    1015 S Grand Avenue, Spencer, IA 51301

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    Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 8 Active listings in Spencer, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 64 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.

    Fostoria, Iowa Commercial Opportunity
    $600,000
    10,680 SF
    Fostoria, Iowa Commercial Opportunity

    Steel-framed building on 1.22 acres, suitable for various commercial uses.

    500 Highway Avenue, Fostoria, IA 51340

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    Highway Frontage Commercial Land
    $2,200,000
    5.43 Acres
    Highway Frontage Commercial Land

    5.43-acre commercial land with highway frontage and income potential.

    HWY 71, Milford, IA 51351

    View details
    New Storage Units For Sale
    $69,900
    1,152 SF
    New Storage Units For Sale

    Spacious storage units with convenient access, available in 2025.

    1804 P Avenue, Milford, IA 51351

    View details
    Iowa Rural Improvement Site
    $450,000
    74,780 SF
    Iowa Rural Improvement Site

    6.40-acre property with 74,780 sqft of enclosed space.

    4545 120th Ave, Peterson, IA 51047

    View details

    Off-Market Properties in Spencer, IA

    Consider similar Off-Market properties in Spencer, 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.

    715 Grand Ave
    RETAIL STORES (PERSONAL SERVICES)
    3,538 SF Lot: 0.79 Acres
    Value Estimation by Request

    715 Grand Ave, Spencer, IA 51301-5731

    View details
    325 11th SW St
    RETAIL STORES (PERSONAL SERVICES)
    4,055 SF Lot: 0.41 Acres
    Value Estimation by Request

    325 11th SW St, Spencer, IA 51301-5801

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    2311 18th St
    OFFICE BUILDING
    4,032 SF Lot: 0.42 Acres
    Value Estimation by Request

    2311 18th St, Spencer, IA 51301-2631

    View details
    1014 11th SW Ave
    RETAIL STORES (PERSONAL SERVICES)
    32,801 SF Lot: 2.94 Acres
    Estimated value
    $800,000

    1014 11th SW Ave, Spencer, IA 51301-6207

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    10 3rd St
    RETAIL STORES (PERSONAL SERVICES)
    6,600 SF Lot: 0.32 Acres
    Value Estimation by Request

    10 3rd St, Spencer, IA 51301-4132

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    303 34th W Ave
    PROFESSIONAL CLUBS/ASSOCIATIONS
    1,564 SF Lot: 0.50 Acres
    Value Estimation by Request

    303 34th W Ave, Spencer, IA 51301-2320

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    215 10th SW St
    WAREHOUSE, STORAGE
    3,960 SF Lot: 0.15 Acres
    Value Estimation by Request

    215 10th SW St, Spencer, IA 51301-5626

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    915 13th SW St
    RETAIL STORES (PERSONAL SERVICES)
    16,800 SF Lot: 4.92 Acres
    Estimated value
    $865,000

    915 13th SW St, Spencer, IA 51301-5566

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    317 18th St
    MOBILE HOME PARK, TRAILER PARK
    Lot: 3.75 Acres
    Value Estimation by Request

    317 18th St, Spencer, IA 51301-3400

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    101 5th St
    RETAIL STORES (PERSONAL SERVICES)
    8,280 SF Lot: 0.49 Acres
    Value Estimation by Request

    101 5th St, Spencer, IA 51301-5012

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    1610 12th SW Ave
    OFFICE BUILDING
    5,544 SF Lot: 0.92 Acres
    Value Estimation by Request

    1610 12th SW Ave, Spencer, IA 51301-5670

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    306 11th St Sw Plz
    LIGHT INDUSTRIAL
    5,400 SF Lot: 1.24 Acres
    Value Estimation by Request

    306 11th St Sw Plz, Spencer, IA 51301-5817

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    2420 4th W Ave
    COMMERCIAL (GENERAL)
    8,000 SF Lot: 0.41 Acres
    Value Estimation by Request

    2420 4th W Ave, Spencer, IA 51301

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    1005 13th SW St
    HOTEL/MOTEL
    23,410 SF Lot: 1.70 Acres
    Value Estimation by Request

    1005 13th SW St, Spencer, IA 51301-5524

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    110 4th St
    PROFESSIONAL BUILDING
    14,640 SF Lot: 0.44 Acres
    Value Estimation by Request

    110 4th St, Spencer, IA 51301-3858

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    216 Milwaukee St
    WAREHOUSE, STORAGE
    2,812 SF Lot: 1.52 Acres
    Value Estimation by Request

    216 Milwaukee St, Spencer, IA 51301-4435

    View details

    Spencer, IA Commercial Real Estate Investment Opportunities Market Analysis

    Explore 72 commercial real estate for sale in Spencer, IA, showcased through 8 active listings on our real estate platform. These investment opportunities span a total of 72,994 square feet of properties for sale, with an estimated market value of $7,634,400.

    Sale prices for business properties in Spencer, IA start at $179,900, averaging $1,090,628, and reaching up to $5,336,500 — 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 12K
    Population Growth (5Y) +0.0%
    Median Household Income $61,175
    College Educated 35.9%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    51301 $976.5K

    Taxes & Financing

    Tax Rate (average for all types) 2.27%
    Property Tax per SF $32.12 per SF
    Tax Rate vs County Average 0.19 pp above county avg
    Average Loan-to-Value 65.0%

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