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Retail Property with Freight Elevator
For Sale
$295,000

20 W 2ND ST, Kingsley, IA 51028

Commercial, Kingsley, IA

Property SizeContact for details
Lot Size0.25 Acres
Days on Market127

Property Features for 20 W 2ND ST

General Information

Property type Commercial Sale
Property subtype Other
Zoning commercial
Subdivision Surrounding Areas/Other Areas
Standard status Active
APN 19149-27-30-128-043
Lot size 0.25 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description Lots 25&26 Blk 8 Kinglsey, Lot 24 Blk 8 Kingsley, W PT Lots 1-3 Blk 8 Kingsley
Tax Annual Amount 8550
Legal Description Lots 25&26 Blk 8 Kinglsey, Lot 24 Blk 8 Kingsley, W PT Lots 1-3 Blk 8 Kingsley

Utilities

Heating system Forced Air
Cooling system Central Air

Amenities

freight elevator

Building Details

Year built 1920
Roof type Metal
Listing Agency: Keller Williams Okoboji · Keller Williams Realty
Listed By: Tonya Vakulskas · License #B4492000
Added: May 11 Changed: Sep 2 Last Checked: Sep 14 at 2:06AM
MLS# 832920

Copyright © 2026 Northwest Iowa Regional 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 retail property includes three parcels, two commercial buildings, and a west lot with fenced storage and a lean-to structure. The historic building dates to 1920 and includes a freight elevator serving the basement. A metal roof was installed in 2020, while the interior was reconfigured in 2024 for expanded shelving and improved circulation. Computer and point-of-sale systems were also updated in 2024. Heating is provided by forced air, with central air conditioning.

The newer building, completed in 2022, measures 42' x 68' and includes an attached 14' x 24' garage, utility room, and bathroom. It is insulated and sheetrocked for retail, warehouse, or service use. Included business assets include a Daewoo 4,000 lb forklift, a 2015 Chevrolet 4-wheel-drive truck with lift, an Aluma delivery trailer, appliance carts, and a paint matching system. The property is located at 20 W 2ND ST in Kingsley, Iowa, with commercial zoning.

Key Highlights

  • Three parcels include two commercial buildings and an additional west lot
  • Historic retail building constructed in 1920 with freight elevator to the basement
  • Metal roof installed in 2020; interior and point‑of‑sale systems updated in 2024

Property Analytics

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Current Use

Clark's Hardware LLC Big Box & Wholesale Store UPS Authorized Shipping ... Courier Service

Suggested Use

Top Pick HVAC Service Auto Parts Store Plumbing Service Grocery & Convenience Store Furniture & Home Goods Pharmacy

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

Turnkey business
Opportunity
Yes
Fenced yard

Location Intelligence

Trade Area within ½ mile

157
Businesses Nearby

Demographics for 51028, IA

2,058
Population
953
Households
2.2
Avg Household Size
44
Median Age
33%
College-Educated
95%
High-School Grad
124.4 sq mi
ZIP Area
17
Density / Sq Mi
$74,655
Median Household Income
$50,793
Median Earnings
$689
Median Rent
$195,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Three parcels combine established retail improvements, storage capacity, and an additional lot zoned commercial.
Where is this retail space located?
The property is located at 20 W 2ND ST Kingsley, IA.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Three parcels include two commercial buildings and an additional west lot; Historic retail building constructed in 1920 with freight elevator to the basement; Metal roof installed in 2020; interior and point‑of‑sale systems updated in 2024
More about this property
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