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Former Truck Shop with Extras
For Sale
$350,000
Pending

906 E Milwaukee St, Spencer, IA 51301

COMMERCIAL - Spencer, IA

Property Size9,800 SF
Lot Size0.79 Acres
Days on Market342

Property Features for 906 E Milwaukee St

General Information

Property type Commercial Sale
Property subtype Other
Parking features Driveway
Directions Hiway 71 to Spencer to East 18th St or East 5th St, then to 10th Ave East to E Milwaukee St, property is two lots on the corner.
Subdivision Clay
Standard status Pending
APN 963607479003/963607479004
Size 9,800 SF
Lot size 0.79 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description TR 187.95 X 165' SE 7-96-36 L/I & TR 296' X 165' SE 7-96-36 L & I
Tax Annual Amount 2986
Legal Description TR 187.95 X 165' SE 7-96-36 L/I & TR 296' X 165' SE 7-96-36 L & I

Utilities

Sewer type Public Sewer
Heating system Forced Air
Cooling system Central Air
Water source Public

Building Details

Year built 1979
Building materials Steel Siding
Roof type Metal
Listing Agency: Hinn Real Estate
Listed By: Jimy Mac Lenz · License #S68436
Added: Aug 28, 2025 Changed: May 26 Last Checked: Aug 4 at 3:06PM
MLS# 251113

Copyright © 2026 Iowa Great Lakes 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 property features a 60x180 insulated building with a concrete floor, encompassing just under 9000 square feet in the main shop area, complemented by an additional 800+ square foot office space. It includes three garage doors ranging from 12 to 20 feet in height, all equipped with remotes. The property is heated by a new heater, along with an oil heater, and a new water heater. It also features two Hotsy pressure washers, an acid wash system, and a fire hose system with 350 psi. The complete office area is equipped with all necessary equipment, including a 5-line phone system, computer system, file cabinets, and storage. There are three bathrooms, washer/dryers, and a shower. The property also includes an east lot measuring 165' x 208'. This property, located in Spencer, Iowa, is suitable for a new truck business, storage facility, or tech shop.

Key Highlights

  • Large 60x180 insulated and heated building (approx. 9000 sq ft shop + 800 sq ft office)
  • Includes valuable equipment: Two Hotsy pressure washers, acid wash system, fire hose system (350 psi), complete office equipment, 5‑line phone system, computer system
  • Multiple large garage doors (12'-20' high) with remotes

Property Analytics

Current Use

STL Logistics LLC Trucking Company

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Law Firm Storage Facility (Bike/Boat/Book/etc) Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

816
Businesses Nearby
62k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Groceries 58% Dining 28% Shops & Services 13% Home Improvements & Furnishings 1%
Hy-Vee Groceries
27,351 visits/mo 0.4 miles
Fareway Groceries
9,043 visits/mo 0.2 miles
Scooter's Coffee Dining
7,542 visits/mo 0.2 miles
Pizza Ranch Dining
4,146 visits/mo 0.2 miles
Farmers Bank Shops & Services
3,411 visits/mo 0.4 miles

Demographics for 51301, IA

12,606
Population
6,096
Households
2.1
Avg Household Size
43
Median Age
28%
College-Educated
95%
High-School Grad
157.7 sq mi
ZIP Area
80
Density / Sq Mi
$61,175
Median Household Income
$38,961
Median Earnings
$796
Median Rent
$180,400
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
Questions? Ask Rey
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Similar Off Market Nearby

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  • Exhaust Pros 102 Grand Ave, Spencer, IA 51301
  • Lifesafer Ignition Interlock (Cng) 2 Grand Ave, Spencer, IA 51301

Frequently Asked Questions

What type of property is this?
Auto shop - Insulated, heated shop with office, equipment, and additional lot.
Where is this auto shop located?
The property is located at 906 E Milwaukee St Spencer, IA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Large 60x180 insulated and heated building (approx. 9000 sq ft shop + 800 sq ft office); Includes valuable equipment: Two Hotsy pressure washers, acid wash system, fire hose system (350 psi), complete office equipment, 5‑line phone system, computer system; Multiple large garage doors (12'-20' high) with remotes
More about this property
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