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    1501 15Th Ave Newton, IA 50208

    Sponsored
    For Sale
    $877,500

    22,500 SF Industrial/Office, 2.57 Acres

    Property size:
    22,500 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 22,500 square foot industrial/office building presents a fantastic opportunity in Newton, IA. Situated on a generous 2.57-acre lot, this well-maintained property offers flexible use potential and significant expansion capabilities. The building's design facilitates easy addition at the end, making it ideal for future growth. Enjoy convenient access to major transportation arteries, including I-80 and Highway 14, ensuring seamless logistics and accessibility. The interior boasts a clear height of 12'4" to the bottom of the steel beams in the center, and 11' on the sides, with a height between beams of 15' in the center and 13' on the sides. This provides ample space for various industrial or office configurations. The property is offered for sale at $877,500. Additionally, lease options are available at a rate of $4.50 per square foot, NNN, annually. A lease-to-purchase agreement may also be considered, offering flexibility for potential buyers. This prime location and versatile space make this an attractive investment opportunity for businesses seeking a strategic foothold in the Newton market. Don't miss this chance to acquire a high-quality, expandable commercial property with excellent access to major transportation routes.

    Property Features for 1501 15Th Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    22,500 SF
    Lot Size
    111,949 SF

    Building Details

    Year Built
    2006
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newton
    County
    Jasper
    State
    Iowa
    Longitude
    -93.03352
    Latitude
    41.71295

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    FAQs

    What type of property is this?
    Commercial real estate - 22,500 SF Industrial/Office, 2.57 Acres
    Where is this commercial real estate located?
    The property is located at 1501 15Th Ave Newton, IA.
    What is the asking price?
    The asking price for this property is $877,500.
    (641) 792-4764
    Request Owner's contact information
    1501 15Th Ave Newton, IA 50208
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    Newton, IA 50208
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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
    1501 15Th Ave Newton, IA 50208
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