Modern Flex Space with Overhead
For Sale
Under Contract
$285,000
11th Avenue, Spencer, IA 51301
COMMERCIAL - Spencer, IA
Property Size3,200 SF
Price / SF$89.06
Days on Market170
Property Features for 11th Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Driveway
Exterior features
High Visibility
Subdivision
Clay
Standard status
Active Under Contract
APN
963725254007
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
1
Utilities
Sewer type
Public Sewer
Heating system
Radiant
Water source
Public
Building Details
Year built
2023
Building materials
Steel Siding
Roof type
Metal
Listing Agency:
RE/MAX Lakes Realty · RE/MAX International
(712) 336-4967
Listed By:
Janie Eick · License #S66795
(712) 339-0574
Added: Feb 19
Changed: Aug 4
Last Checked: Aug 8 at 6:06PM
MLS# 260035
Copyright © 2026 Iowa Great Lakes Board of Realtors. 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 40 x 80 flex unit is part of a multi-unit commercial building constructed in 2023. The space includes a 14 x 14 overhead door with insulation and openers, 6-inch reinforced concrete flooring, and insulated exterior, divider, and ceiling assemblies. A 200-amp load center, LED high-bay and exterior lighting, radiant heating, floor and catch-basin drains, and plumbing prepared for a future bathroom support a range of storage, contractor, and small-business uses.
The property is positioned just off Hwy 71 in Spencer, providing exposure from a nearby highway corridor. City water and sewer serve the unit, with natural gas supplied by Black Hills Energy and electricity provided by Iowa Lakes Electric. Steel siding, a metal roof, and a driveway complete the listed improvements.
The property is positioned just off Hwy 71 in Spencer, providing exposure from a nearby highway corridor. City water and sewer serve the unit, with natural gas supplied by Black Hills Energy and electricity provided by Iowa Lakes Electric. Steel siding, a metal roof, and a driveway complete the listed improvements.
Key Highlights
- 40 x 80 commercial unit in a multi‑unit building
- Built in 2023 with steel siding and a metal roof
- 14 x 14 insulated overhead door with openers
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
171
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 51301, IA
12,606
Population
6,096
Households
2.1
Avg Household Size
43
Median Age
28%
College-Educated
95%
High-School Grad
157.7 sq mi
ZIP Area
80
Density / Sq Mi
$61,175
Median Household Income
$38,961
Median Earnings
$796
Median Rent
$180,400
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Built in 2023, this adaptable commercial unit combines radiant heat, public utilities, and durable construction for varied operations.
Where is this flex space located?
The property is located at 11th Avenue Spencer, IA.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: 40 x 80 commercial unit in a multi‑unit building; Built in 2023 with steel siding and a metal roof; 14 x 14 insulated overhead door with openers
