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Two-Unit Office Building
For Sale
$380,000

708 N 18Th Street, Centerville, IA 52544

Commercial Sale, Centerville, IA

Property Size4,500 SF
Lot Size0.40 Acres
Price / SF$84.44
Days on Market367

Property Features for 708 N 18Th Street

General Information

Property type Commercial Sale
Property subtype Other
Subdivision EXLINES SUB DIV
Directions See Map
Standard status Active
APN 341011006130000
Lot size 0.40 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description LOT 4 EXLINES SUB DIV SE SE
Tax Annual Amount 8522
Legal Description LOT 4 EXLINES SUB DIV SE SE

Utilities

Heating system Forced Air
Water source Public

Building Details

Year built 2005
Number of units 2
Building materials Vinyl Siding
Architectural style Other
Listing Agency: Bogle Realty LLC
Listed By: Lori Bogle · License #***
Added: Sep 12, 2025 Changed: Sep 7 Last Checked: Sep 13 at 10:06PM
MLS# 6331785

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.

This 4,500-square-foot commercial building contains two rental units and is offered as a building-only sale, with the operating businesses excluded. The first unit combines office and storage areas with two bathrooms that include showers. The second unit provides storage space and one bathroom. Both suites are occupied, including tenants identified as Snap Fitness and a spa facility.

The property sits on 0.4 acres near local shopping areas on the north side of Centerville, just off Hwy 5. Site improvements include 16 parking spaces, vinyl siding, forced-air heating, and public water service. Built in 2005, the building provides an established two-suite configuration for office and related commercial uses.

Key Highlights

  • 4,500‑square‑foot commercial building on 0.4 acres
  • Two rental units, both currently occupied
  • Unit One includes office space, storage, and two bathrooms with showers

Property Analytics

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Current Use

Office Units

Suggested Use

Top Pick Big Box & Wholesale Store Electrical Service Grocery & Convenience Store HVAC Service Bakery Plumbing Service

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

100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

453
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
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

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?
Office units - Fully leased commercial property with office, storage, and shower-equipped restroom areas.
Where is this office units located?
The property is located at 708 N 18Th Street Centerville, IA.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: 4,500‑square‑foot commercial building on 0.4 acres; Two rental units, both currently occupied; Unit One includes office space, storage, and two bathrooms with showers
More about this property
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