New Flex Space with Overhead
For Sale
$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
APN
963725254007
Taxes and HOA fees
Tax Year
2024
Tax Description
E 105.16' LOT 3 GARCILLA'S REPLAT OF LOTS 1, 2 & 5 LARSENS FIRST (Exact legal per abstract)
Tax Annual Amount
1
Legal Description
E 105.16' LOT 3 GARCILLA'S REPLAT OF LOTS 1, 2 & 5 LARSENS FIRST (Exact legal per abstract)
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# 260036
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.
Completed in 2023, this 40 x 80 flex unit occupies a bay within a multi-unit commercial building. The space features steel siding, a metal roof, radiant heat, a 14 x 14 overhead door with insulation and openers, and 6-inch reinforced concrete flooring. Thickened perimeter edges, fire-rated divider assemblies, insulated wall and ceiling systems, and R50 cellulose attic insulation contribute to a durable, efficient building envelope.
The unit is positioned just off Hwy 71 in Spencer with high visibility and driveway access. Building systems include a 200-amp load center, LED high-bay and exterior lighting, a floor drain, catch basins, and plumbing roughed in for a future bathroom. Public water and sewer serve the property, with natural gas provided by Black Hills Energy and electricity supplied by Iowa Lakes Electric. The layout and infrastructure support storage, contractor operations, or small-business use.
The unit is positioned just off Hwy 71 in Spencer with high visibility and driveway access. Building systems include a 200-amp load center, LED high-bay and exterior lighting, a floor drain, catch basins, and plumbing roughed in for a future bathroom. Public water and sewer serve the property, with natural gas provided by Black Hills Energy and electricity supplied by Iowa Lakes Electric. The layout and infrastructure support storage, contractor operations, or small-business use.
Key Highlights
- 40 x 80 commercial flex unit built in 2023
- 14 x 14 insulated overhead door with openers
- 6‑inch fiberglass‑reinforced concrete floor
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 - New-construction flex space with durable finishes, dedicated utilities, and infrastructure prepared for future restroom installation.
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 flex unit built in 2023; 14 x 14 insulated overhead door with openers; 6‑inch fiberglass‑reinforced concrete floor
