Mixed-Use Property with Two
For Sale
$235,000
107 W Salem Ave, Indianola, IA 50125
Commercial space and two electric residential units share a historic building with separate commercial utilities and shared laundry.
Property Size6,640 SF
Price / SF$35.39
Days on Market28
Property Features for 107 W Salem Ave
General Information
Standard status
Active
Size
6,640 SF
Building Details
Year Built
1890
Listing Agency:
Iowa Realty South
(515) 453-6300
Listed By:
Brady Jackson
Source:
Mistysoldteamiowa
Added: Aug 4
Changed: Aug 31
Last Checked: Aug 31 at 12:12AM
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 Iowa Realty South
Investment Insights
Based on property information with market context.
Built in 1890, this mixed-use property combines 7,445 sq. ft. of commercial area with two residential apartments: one studio and one two-bedroom unit. The commercial component includes an office, three half-baths, and one three-quarter bath, with separate water, gas, and electric service. An alley-accessed rear entrance supports flexible use of the commercial area.
Both apartments are all-electric and include one full bathroom. Window air conditioning serves the residential units, and laundry facilities are shared. The property is located at 107 W Salem Ave in Indianola, Iowa, on Indianola Square.
Both apartments are all-electric and include one full bathroom. Window air conditioning serves the residential units, and laundry facilities are shared. The property is located at 107 W Salem Ave in Indianola, Iowa, on Indianola Square.
Key Highlights
- 7,445 sq. ft. of commercial area
- Two apartments: one studio and one two‑bedroom unit
- Commercial area has separate water, gas, and electric service
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
766
Businesses Nearby
Explore this area
Business Placement
Demographics for 50125, IA
20,906
Population
8,039
Households
2.6
Avg Household Size
39
Median Age
34%
College-Educated
97%
High-School Grad
162.4 sq mi
ZIP Area
129
Density / Sq Mi
$86,463
Median Household Income
$42,822
Median Earnings
$975
Median Rent
$248,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial space and two electric residential units share a historic building with separate commercial utilities and shared laundry.
Where is this mixed-use property located?
The property is located at 107 W Salem Ave Indianola, IA.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: 7,445 sq. ft. of commercial area; Two apartments: one studio and one two‑bedroom unit; Commercial area has separate water, gas, and electric service
