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Renovated Wedding and Event Venue
For Sale
$169,000

110 E State Street, Algona, IA 50511

Commercial Sale, Algona, IA

Property Size2,800 SF
Price / SF$60.36
Days on Market57

Property Features for 110 E State Street

General Information

Property type Commercial Sale
Property subtype Other
Parking features On Street
Directions GPS
Standard status Active
APN 22-02-459-005

Taxes and HOA fees

Tax Year 2026
Tax Description E 1/3 OF LOT 3 BLK 28 O P
Tax Annual Amount 1550
Legal Description E 1/3 OF LOT 3 BLK 28 O P

Utilities

Heating system Forced Air
Water source Public

Building Details

Year built 1965
Number of units 1
Building materials Brick
Listing Agency: EXIT Realty Home/Land Properties
Listed By: Pamela Yegge · License #B63442000
Added: Jul 27 Changed: Sep 9 Last Checked: Sep 21 at 2:06AM
MLS# 6340877

Copyright © 2026 NoCoast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 2,800-square-foot commercial building in downtown Algona is currently used for gatherings and private events. The interior has been updated with new lighting and fresh paint, while the layout accommodates event-oriented use. Large front display windows bring in natural light and provide a visible storefront presence. The property can be delivered furnished or vacant.

Built in 1965, the brick building is served by forced-air heating, public water, and on-street parking. Its location at 110 E State Street places the venue within Algona’s downtown business district. The existing configuration supports continued event use, with the storefront format also suited to a range of commercial applications identified for the property.

Key Highlights

  • 2,800‑square‑foot commercial building
  • Currently operating as a gathering and private event venue
  • Updated interior with new lighting and fresh paint

Property Analytics

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Current Use

Wedding venues

Suggested Use

Top Pick Real Estate Agency Pharmacy Grocery & Convenience Store Skin Care Clinic Gym & Fitness Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

498
Businesses Nearby
10k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 91% Beauty & Spa 9%
Casey's General Store Shops & Services
9,032 visits/mo 0.4 miles
Merle Norman Cosmetic Studio Beauty & Spa
907 visits/mo 0.2 miles

Demographics for 50511, IA

7,061
Population
3,385
Households
2.1
Avg Household Size
47
Median Age
26%
College-Educated
95%
High-School Grad
130.0 sq mi
ZIP Area
54
Density / Sq Mi
$60,256
Median Household Income
$43,692
Median Earnings
$892
Median Rent
$180,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Wedding venue - Downtown commercial space with display windows and flexible furnishing options.
Where is this wedding venue located?
The property is located at 110 E State Street Algona, IA.
What is the asking price?
The asking price for this property is $169,000.
What are key features of this property?
This property features: 2,800‑square‑foot commercial building; Currently operating as a gathering and private event venue; Updated interior with new lighting and fresh paint
More about this property
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