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    18189 Us Highway 69 Leon, IA 50144

    For Sale
    $950,000

    Spacious Commercial Building, 5 Acres

    Property size:
    17,192 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    313
    This exceptional commercial property in Leon, Iowa presents a unique investment opportunity. Situated on approximately 4.97 acres, the building boasts a substantial 17,192 square feet of versatile space, ideal for a variety of businesses. The layout includes a well-appointed 3,192 square foot office area, featuring eight individual offices and a spacious open showroom. For production or warehousing needs, there's a generous 8,400 square feet of heated production space, complemented by 3,200 square feet of cold storage. An additional 2,400 square feet of lean-to storage is available, offering further flexibility. Constructed with a durable post-frame design and a metal roof, this building is built to last. Located in the heart of southern Iowa, this property benefits from a favorable tax environment. The asking price is significantly below the cost of new construction, making this an attractive proposition for businesses seeking to expand, relocate, or establish a new presence. The property's size and features make it suitable for a wide range of commercial uses. This is a rare opportunity to acquire a well-maintained, spacious commercial building in a desirable location at a competitive price.

    Property Features for 18189 Us Highway 69

    General Information

    Property type
    Other commercial real estate
    Square Feet
    17,192 SF
    Lot Size
    216,493 SF

    Building Details

    Year Built
    2013
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Leon
    County
    Decatur
    State
    Iowa
    Longitude
    -93.74865
    Latitude
    40.77643

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    FAQs

    What type of property is this?
    Commercial real estate - Spacious Commercial Building, 5 Acres
    Where is this commercial real estate located?
    The property is located at 18189 Us Highway 69 Leon, IA.
    What is the asking price?
    The asking price for this property is $950,000.
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    Leon, IA 50144
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    18189 Us Highway 69 Leon, IA 50144
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