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Historic Three-Floor Mixed-Use Building
For Sale
$150,000

103 1st Ave W, Newton, IA 50208

Downtown commercial space with display windows, multiple levels, and a full basement.

Property Size5,940 SF
Price / SF$25.25
Days on Market442

Property Features for 103 1st Ave W

General Information

Standard status Active
Size 5,940 SF
Property subtype Commercial

Amenities

large display windows
spacious main level
additional upper and lower levels for expansion or storage

Building Details

Year Built 1904
Buildings 1
Stories 3
Listing Agency: Real Estate Solutions
Listed By: Colby Lawson · License #S69323000
Source: Desmoineshomesforsale
Added: Jul 2, 2025 Changed: Sep 14 Last Checked: Sep 15 at 1:24PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Real Estate Solutions

Investment Insights

Based on property information with market context.

Built in 1904, this mixed-use commercial building provides 5,940 square feet across three floors along with a full basement. The property includes a substantial main level, large display windows, and additional upper and lower areas that can support storage or future interior expansion.

The building occupies Newton’s Downtown Square within the city’s Historic District, placing it in a pedestrian-oriented commercial setting. Its long operating history includes use as a department store and antique-focused retail space, while the existing configuration can accommodate retail, office, or mixed-use occupancy. The property is also eligible for grant opportunities through Newton Main Street for redevelopment or restoration work.

Key Highlights

  • 5,940 square feet across three floors plus a full basement
  • Built in 1904 and located within Newton’s Historic District
  • Large display windows and a spacious main level

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Dental Office Law Firm Big Box & Wholesale Store Restaurant Gym & Fitness Center HVAC 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.

Location Intelligence

Trade Area within ½ mile

852
Businesses Nearby

Demographics for 50208, IA

20,918
Population
8,919
Households
2.3
Avg Household Size
42
Median Age
17%
College-Educated
91%
High-School Grad
158.5 sq mi
ZIP Area
132
Density / Sq Mi
$61,064
Median Household Income
$37,490
Median Earnings
$830
Median Rent
$161,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Downtown commercial space with display windows, multiple levels, and a full basement.
Where is this mixed-use property located?
The property is located at 103 1st Ave W Newton, IA.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 5,940 square feet across three floors plus a full basement; Built in 1904 and located within Newton’s Historic District; Large display windows and a spacious main level
More about this property
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