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Mixed-Use Building With Apartments
New
For Sale
$385,000

312 & 316 N 12th Street, Centerville, IA 52544

COMMERCIAL - Other - Centerville, IA

Property Size15,040 SF
Lot Size0.18 Acres
Price / SF$25.60
Days on Market2

Property Features for 312 & 316 N 12th Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning Business/Commercial
Parking features Assigned, On Street
Basement Full
Directions located on the northwest side of the Centerville square
Standard status Active
APN 341011002950000
Lot size 0.18 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description full legal to come from abstract
Tax Annual Amount 9216
Legal Description full legal to come from abstract

Utilities

Heating system Forced Air
Cooling system Central Air
Water source Public

Building Details

Year built 1890
Number of units 8
Building materials Brick
Architectural style Other
Listing Agency: Hometown Realty
Listed By: Olivia Furlin
Added: Aug 10 Last Checked: Aug 11 at 5:06AM
MLS# 6341417

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.

Built in 1890, this brick mixed-use property contains approximately 15,040 square feet. The main level offers 7,520 square feet of commercial space that was previously used as an appliance store and can accommodate retail, office, service, or other business uses. Seven apartments are located above the commercial area.

The property is located at 312 & 316 N 12th Street in Centerville, on the historic Centerville Square. Business/Commercial zoning supports the property's mixed commercial and residential configuration. Building systems include forced-air heating, central air, and public water. Parking includes assigned spaces and on-street options.

Key Highlights

  • Approximately 15,040 sq. ft. mixed‑use building
  • 7,520 sq. ft. of main‑level commercial space
  • Seven apartments occupy the upper level

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick HVAC Service Electrical Service Bakery Plumbing Service Grocery & Convenience Store Veterinary Clinic

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

7
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

502
Businesses Nearby

Demographics for 52544, IA

7,481
Population
4,096
Households
1.8
Avg Household Size
44
Median Age
19%
College-Educated
88%
High-School Grad
138.3 sq mi
ZIP Area
54
Density / Sq Mi
$45,257
Median Household Income
$36,792
Median Earnings
$779
Median Rent
$114,100
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
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Brick commercial building with upper-level apartments and Business/Commercial zoning.
Where is this mixed-use property located?
The property is located at 312 & 316 N 12th Street Centerville, IA.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Approximately 15,040 sq. ft. mixed‑use building; 7,520 sq. ft. of main‑level commercial space; Seven apartments occupy the upper level
More about this property
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