Highway-Front Flex
For Sale
$850,000
5047 HWY 3, Cherokee, IA 51012
Commercial, Cherokee, IA
Property SizeContact for details
Lot Size7.42 Acres
Days on Market29
Property Features for 5047 HWY 3
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Elementary school
Cherokee
Middle school
Cherokee
High school
Cherokee
Directions
Gps is accurate.
Subdivision
Surrounding Areas/Other Areas
Standard status
Active
APN
190716201002000
Lot size
7.42 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
S 7.42A BETWEEN HWY 3 & CO RD W1/2 NE 979A Actual Per Abstract
Tax Annual Amount
10016
Legal Description
S 7.42A BETWEEN HWY 3 & CO RD W1/2 NE 979A Actual Per Abstract
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1977
Roof type
Metal
Listing Agency:
Gustafson Realty
(712) 225-4388
Listed By:
Mike Pitts · License #S43135
(712) 229-3669
Added: Aug 14
Changed: Sep 2
Last Checked: Sep 11 at 11:06PM
MLS# 834247
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.
The 1977 flex property includes a 5,514-square-foot office component with up to 8 offices and a 5,920-square-foot shop. The shop has 5 overhead doors measuring 12W x 14T, each with an opener, along with a caged parts room, upper mezzanine, and crew room/office. A separate 4,992-square-foot pole warehouse provides an uninsulated structure with a concrete floor and overhead doors at both ends. The property also includes a 1,560-square-foot insulated and heated garage with 3 overhead doors.
The fenced equipment and laydown yard occupies part of the 7.42-acre property and is secured by a 6-foot chain-link fence topped with 3 strands of barbed wire. The site has almost 1,360 feet of frontage on Highway 3 and is zoned Commercial. Building systems include forced-air heat, central air, and a metal roof.
The fenced equipment and laydown yard occupies part of the 7.42-acre property and is secured by a 6-foot chain-link fence topped with 3 strands of barbed wire. The site has almost 1,360 feet of frontage on Highway 3 and is zoned Commercial. Building systems include forced-air heat, central air, and a metal roof.
Key Highlights
- 5,514‑square‑foot office area with up to 8 offices
- 5,920‑square‑foot shop with 5 overhead doors measuring 12W x 14T
- Separate 4,992‑square‑foot pole warehouse with doors on both ends
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 51012, IA
6,592
Population
2,889
Households
2.3
Avg Household Size
46
Median Age
20%
College-Educated
93%
High-School Grad
147.7 sq mi
ZIP Area
45
Density / Sq Mi
$56,964
Median Household Income
$33,141
Median Earnings
$725
Median Rent
$127,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Office, shop, and warehouse improvements provide a flexible commercial configuration for varied business operations.
Where is this flex space located?
The property is located at 5047 HWY 3 Cherokee, IA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 5,514‑square‑foot office area with up to 8 offices; 5,920‑square‑foot shop with 5 overhead doors measuring 12W x 14T; Separate 4,992‑square‑foot pole warehouse with doors on both ends
