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Central Air Office Building
For Sale
$165,000

116 E Main Street, Panora, IA 50216

CommercialSale, Office, Panora, IA

Property SizeContact for details
Lot Size0.06 Acres
Days on Market64

Property Features for 116 E Main Street

General Information

Property type Commercial Sale
Property subtype Office
Zoning Comme
Elementary school district Panorama Community
Middle school district Panorama Community
High school district Panorama Community
Directions From 44 Hwy/Main Street, the building is on the south side of the road next to Iowa Trust & Savings Bank.
Subdivision Panora
Standard status Active
APN 0001306600
Lot size 0.06 Acres

Taxes and HOA fees

Tax Description M PARCEL A OF LOT 7 BLK M
Tax Annual Amount 1224
Legal Description M PARCEL A OF LOT 7 BLK M

Utilities

Sewer type Public Sewer
Heating system Electric (Heating), Forced Air
Cooling system Central Air
Water source Public

Building Details

Year built 1920
Building materials Block, Frame
Architectural style Other
Listing Agency: Iowa Realty Waukee
Listed By: Jerry Steenhoek
Added: Jun 26 Changed: Aug 19 Last Checked: Aug 28 at 11:06PM
MLS# 743940

Copyright © 2026 Des Moines Area Association of REALTORS®, Inc. 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.

116 E Main Street in Panora, Iowa is a block and frame office building originally constructed in 1920. The property is served by public water and public sewer and includes forced air electric heating with central air conditioning. The layout has been previously used as an insurance agency, supporting a range of office and professional service uses.

Positioned in the heart of town on Main Street, the building offers visibility and convenient access. Parking is available in both the front and rear. The property also reports an average traffic count of 4,490 vehicles per day. It is located near Lake Panorama and downtown Panora.

Set on a 0.06-acre lot, this is a Main Street option for office tenants and service providers looking for an in-town presence and straightforward on-site parking. The listing also notes a downtown facade improvement rebate program for qualifying improvements, and prospective buyers are encouraged to contact the listing broker for details.

Key Highlights

  • Central air office building with forced air electric heating
  • Block and frame construction, built in 1920
  • Public water and public sewer connected

Property Analytics

Current Use

MVP Insurance Services, ... Insurance Agency Versatile Insurance Services Insurance Agency MVP Service Solutions ... Insurance Agency RIA Insurance Services Corporate Office

Suggested Use

Top Pick Building Supply Dental Office HVAC Service Plumbing Service Garden Center Grocery & Convenience 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.

Lease Details

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

232
Businesses Nearby

Demographics for 50216, IA

2,722
Population
1,825
Households
1.5
Avg Household Size
52
Median Age
28%
College-Educated
97%
High-School Grad
51.7 sq mi
ZIP Area
53
Density / Sq Mi
$91,250
Median Household Income
$58,250
Median Earnings
$1,032
Median Rent
$199,400
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office building - Central air office building on a Main Street lot with public utilities, front and rear parking, and high daily traffic.
Where is this office building located?
The property is located at 116 E Main Street Panora, IA.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Central air office building with forced air electric heating; Block and frame construction, built in 1920; Public water and public sewer connected
More about this property
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