Mixed-Use Building with
For Sale
$235,000
107 W Salem Avenue, Indianola, IA 50125
CommercialSale, Indianola, IA
Property Size7,445 SF
Lot Size0.13 Acres
Price / SF$31.56
Days on Market734
Property Features for 107 W Salem Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C MR
Elementary school district
Indianola
Middle school district
Indianola
High school district
Indianola
Directions
On the Indianola square: South of the Justice Center
Subdivision
Indianola
Standard status
Active
APN
48020170030
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
25-76-24 INDIANOLA OTP W 20' LOT 3 & E 19' LOT 4 BLK 17
Tax Annual Amount
5986
Legal Description
25-76-24 INDIANOLA OTP W 20' LOT 3 & E 19' LOT 4 BLK 17
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Electric (Heating), Forced Air
Cooling system
Central Air, Window Unit(s)
Water source
Public
Amenities
window air conditioning
shared Laundry
Building Details
Year built
1890
Building materials
Brick, Block
Roof type
Rubber
Listing Agency:
Iowa Realty South
(515) 453-6300
Listed By:
Brady Jackson
(515) 453-6732
Added: Aug 19, 2024
Changed: Aug 19
Last Checked: Aug 22 at 1:06AM
MLS# 701231
Copyright © 2026 Des Moines Area Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1890, this mixed-use property combines 7,445 square feet of commercial space with two residential units: a studio apartment and a two-bedroom apartment. The commercial area includes an office, three half baths, one three-quarter bath, and a separate water, gas, and electric setup. A rear entrance connects to the alley and provides additional flexibility within the building.
The apartments are fully electric and share laundry facilities. Each includes one full bath, with window air conditioning serving the residential space. The property also features brick and block construction, a rubber roof, public water, and public sewer on a 0.13-acre lot. Zoning is C MR.
The apartments are fully electric and share laundry facilities. Each includes one full bath, with window air conditioning serving the residential space. The property also features brick and block construction, a rubber roof, public water, and public sewer on a 0.13-acre lot. Zoning is C MR.
Key Highlights
- 7,445 square feet of commercial space
- Two residential units: studio and two‑bedroom apartment
- Commercial area has separate water, gas, and electric service
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
766
Businesses Nearby
70k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 49%
Dining 40%
Home Improvements & Furnishings 9%
Apparel 2%
Casey's General Store
Shops & Services
13,557 visits/mo
0.4 miles
Burger King
Dining
10,280 visits/mo
0.5 miles
Indianola #3
Shops & Services
10,072 visits/mo
0.4 miles
Arby's
Dining
7,656 visits/mo
0.3 miles
Dollar General
Shops & Services
6,151 visits/mo
0.1 miles
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 Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two residential units complement the commercial space, with separate utility service for the business area.
Where is this mixed-use property located?
The property is located at 107 W Salem Avenue 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 square feet of commercial space; Two residential units: studio and two‑bedroom apartment; Commercial area has separate water, gas, and electric service
