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Multi-Unit Retail Office Building
For Sale
$220,000

1054 W Madison St, Washington, IA 52353

Well-maintained building with a main retail/office area plus two additional office spaces and dedicated half baths per unit.

Property Size4,216 SF
Price / SF$52.18
Days on Market76

Property Features for 1054 W Madison St

General Information

Standard status Active
Size 4,216 SF

Additional Details

Business Included Yes

Building Details

Year Built 1954
Listing Agency: SKOGMAN REALTY
Listed By: Derrick Droz
Source: Kwlegacyrealty
Added: Jun 22 Changed: Aug 26 Last Checked: Sep 4 at 10:11AM

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 SKOGMAN REALTY

Investment Insights

Based on property information with market context.

This well-maintained commercial building offers a flexible layout designed for retail and office use. A spacious main retail/office area is complemented by two additional office spaces that can be used separately or combined for a larger footprint. Each unit includes its own half bathroom, supporting convenient day-to-day operations for tenants and customers. The property is supported by a generous parking pad to accommodate vehicles.

The building is located in a high-traffic area surrounded by retail and commercial businesses, with both vehicle and foot traffic supporting visibility and accessibility for customer-facing uses.

For a tenant or buyer seeking a straightforward, turn-key configuration, the property provides three independently served units with functional interior separation and on-site parking.

Key Highlights

  • Well‑maintained commercial building with a spacious main retail/office area
  • Two additional office spaces that can be used separately or combined into one larger footprint
  • Each unit includes its own half bathroom

Property Analytics

Current Use

Carmel's Closet (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Real Estate Agency Auto Parts Store HVAC Service Building Supply Skin Care Clinic Big Box & Wholesale Store

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

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

194
Businesses Nearby
Balanced
Demand for This Use

Demographics for 52353, IA

9,416
Population
3,995
Households
2.4
Avg Household Size
41
Median Age
22%
College-Educated
93%
High-School Grad
157.4 sq mi
ZIP Area
60
Density / Sq Mi
$63,232
Median Household Income
$36,062
Median Earnings
$912
Median Rent
$155,700
Median Home Value

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
Questions? Ask Rey
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Similar Off Market Nearby

  • Wolf Floral, Inc 105 W Washington St, Washington, IA 52353

Frequently Asked Questions

What type of property is this?
Storefront property - Well-maintained building with a main retail/office area plus two additional office spaces and dedicated half baths per unit.
Where is this storefront property located?
The property is located at 1054 W Madison St Washington, IA.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Well‑maintained commercial building with a spacious main retail/office area; Two additional office spaces that can be used separately or combined into one larger footprint; Each unit includes its own half bathroom
More about this property
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