Multi-Purpose Commercial Flex
For Sale
$899,000
42 Spruce St, Tipton, IA 52772
COMMERCIAL - Tipton, IA
Property Size54,600 SF
Lot Size1.26 Acres
Price / SF$16.47
Days on Market196
Property Features for 42 Spruce St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Elementary school
Tipton
Middle school
Tipton
Directions
Main St Tipton, North 1 block.
Subdivision
NEQuadrant
Standard status
Active
APN
048011063000180
Lot size
1.26 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
24988
Utilities
Heating system
Natural Gas
Cooling system
Central Air
Building Details
Year built
2013
Flooring type
Concrete
Building materials
Frame, SteelOrMetal
Roof type
Metal
Listing Agency:
RE/MAX Affiliates · RE/MAX International
(319) 333-1213
Listed By:
Kimberly Bockenstedt
(319) 631-3042
Added: Feb 2
Changed: Aug 4
Last Checked: Aug 17 at 1:06AM
MLS# 202600856
Copyright © 2026 Iowa City Area Association 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 multi-purpose commercial flex building offers a large front entry lobby with 10-foot ceilings, along with two offices and a break room area with a sink. From the lobby, guests enter through a second set of glass doors into a grand workspace supported by two large bays measuring 100' x 178'. The bays feature high interior clearance with a 26' vaulted ceiling pitched to 22', along with 24' ceiling fans and an exhaust fan system. The property also includes a 24' x 100' open loft and two additional offices with entry to both bays. Mechanical and power features include forced-air AC in all four offices, radiant heat, and 3-phase power sources. Overhead door systems include 24' x 16' doors.
The building is located off main street, with a listed address at 42 Spruce St in Tipton, Iowa. The remarks note it is approximately 10 miles off I-80 and about 30 minutes from or 28 miles from Iowa City.
For tenants or buyers seeking a commercial facility that combines office space with substantial warehouse or workspace bays, this layout supports both customer-facing or administrative needs and larger operational functions. The presence of multiple offices, a break room, and high-bay areas makes it suitable for organizations looking for an integrated work and office environment.
The building is located off main street, with a listed address at 42 Spruce St in Tipton, Iowa. The remarks note it is approximately 10 miles off I-80 and about 30 minutes from or 28 miles from Iowa City.
For tenants or buyers seeking a commercial facility that combines office space with substantial warehouse or workspace bays, this layout supports both customer-facing or administrative needs and larger operational functions. The presence of multiple offices, a break room, and high-bay areas makes it suitable for organizations looking for an integrated work and office environment.
Key Highlights
- 54,600 SF multi‑purpose commercial building built in 2013 with frame and steel/metal construction
- Large front entry lobby with 10 ft ceilings plus two offices and a break room area with sink off the lobby
- Grand workspace with two large bays (100' x 178') and 26' vaulted ceiling pitched to 22', plus 24x16 doors
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
393
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 52772, IA
5,129
Population
2,334
Households
2.2
Avg Household Size
45
Median Age
20%
College-Educated
95%
High-School Grad
130.2 sq mi
ZIP Area
39
Density / Sq Mi
$80,997
Median Household Income
$49,820
Median Earnings
$812
Median Rent
$213,600
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 - Flexible commercial building with wheelchair access, office areas, and large bays for varied operational uses.
Where is this flex space located?
The property is located at 42 Spruce St Tipton, IA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 54,600 SF multi‑purpose commercial building built in 2013 with frame and steel/metal construction; Large front entry lobby with 10 ft ceilings plus two offices and a break room area with sink off the lobby; Grand workspace with two large bays (100' x 178') and 26' vaulted ceiling pitched to 22', plus 24x16 doors
