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Multi-Building Auto Shop
For Sale
$695,000

11475 Highway 9, Thompson, IA 50478

Commercial Sale, Thompson, IA

Property Size10,264 SF
Lot Size0.83 Acres
Price / SF$67.71
Days on Market537

Property Features for 11475 Highway 9

General Information

Property type Commercial Sale
Property subtype Other
Appliances Range, Microwave, Refrigerator
Directions Use GPS.
Standard status Active
APN 0623351004
Lot size 0.83 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description 23 99 25 A TR IN 23 99 25 DESC BY METES & BDS IN BK 4 PG 128
Tax Annual Amount 7186
Legal Description 23 99 25 A TR IN 23 99 25 DESC BY METES & BDS IN BK 4 PG 128

Utilities

Heating system Radiant, Forced Air
Water source Public

Amenities

waste oil heater
air compressor
appliances
kitchen
bathroom
radiant heat
central AC

Building Details

Year built 2014
Number of units 3
Building materials Metal Siding
Listing Agency: EXIT Realty Home/Land Properties
Listed By: Pamela Yegge · License #B63442000
Added: Apr 3, 2025 Changed: Sep 16 Last Checked: Sep 21 at 2:06AM
MLS# 6326328

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 auto shop property includes three buildings totaling 10,264 SF. The primary 6,240-SF structure was built in 2014 and features insulation, radiant heat, and a waste oil heater serving the rear area. An attached 960-SF building, also completed in 2014, provides office and kitchen space along with a bathroom and climate control. The third building adds 3,064 SF, heating, and central AC; it was added in 2015.

Positioned along Highway 9 at 11475 Highway 9 in Thompson, the property has highway frontage. Improvements include a 2024 air compressor, range, microwave, refrigerator, metal siding, and public water service. The existing configuration supports automotive service and parts operations, with multiple enclosed areas for administrative and support functions.

Key Highlights

  • Three‑building auto shop property totaling 10,264 SF at 11475 Highway 9
  • Primary building measures 6,240 SF, was built in 2014, and includes radiant heat and a waste oil heater
  • Attached 960 SF office/kitchen building built in 2014 with heating, cooling, and bathroom

Property Analytics

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Current Use

Auto shops

Suggested Use

Top Pick Electrical Service Storage Facility Tanning Salon Grocery & Convenience Store Food Market Restaurant

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

Lease Details

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

62
Businesses Nearby
Well-served
Demand for This Use

Demographics for 50478, IA

761
Population
439
Households
1.7
Avg Household Size
47
Median Age
34%
College-Educated
91%
High-School Grad
76.5 sq mi
ZIP Area
10
Density / Sq Mi
$44,880
Median Household Income
$43,580
Median Earnings
$709
Median Rent
$94,400
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?
Auto shop - Repair and parts operation with attached office, kitchen, and bathroom areas.
Where is this auto shop located?
The property is located at 11475 Highway 9 Thompson, IA.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Three‑building auto shop property totaling 10,264 SF at 11475 Highway 9; Primary building measures 6,240 SF, was built in 2014, and includes radiant heat and a waste oil heater; Attached 960 SF office/kitchen building built in 2014 with heating, cooling, and bathroom
More about this property
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