Building Details

Year Built 1900

Units 1

Listing Agency: Ferris Real Estate

Listed By: Doug Hatlevig · License #IA B11062 Show Phone

Source: Crexi

Added: May 20 Changed: Oct 11 Last Checked: Oct 19 at 6:35AM

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Investment Insights

Based on property information with market context.

This commercial space, situated in downtown Alden, provides substantial room for various uses, featuring over 5800 sq ft of available space. The building is divided into four sections. The rear section is a large, insulated shop area equipped with two suspended heaters, one walk-in door, a 14 ft overhead door, and a concrete floor. The insulated middle section includes a storage/work room with a walk-in door, and a storage/office with a half bath, both heated by a furnace. The large front section of the building is currently not heated and has a basement underneath. There is potential for expansion, including the possibility of constructing a loft or additional storage over the middle section. A large basement is also available for storage. The property is suitable for various creative ideas and business ventures.

Key Highlights

• Large commercial space offering over 5800 sq ft.
• Includes a large insulated shop area with a 14 ft overhead door and concrete floor.
• Features a heated middle section with storage/work room, storage/office, and half bath.

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Parking Lot & Garage Butcher Big Box & Wholesale Store Restaurant Daycare Center Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

59

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 50006, IA

1,502

Population

755

Households

2

Avg Household Size

44

Median Age

15%

College-Educated

94%

High-School Grad

124.2 sq mi

ZIP Area

12

Density / Sq Mi

$62,188

Median Household Income

$45,524

Median Earnings

$577

Median Rent

$117,200

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Frequently Asked Questions

What type of property is this?

Flex space - Over 5800 sq ft commercial space in downtown Alden.

Where is this flex space located?

The property is located at 1109 Water Street Alden, IA.

What is the asking price?

The asking price for this property is $109,900.

What are key features of this property?

This property features: Large commercial space offering over 5800 sq ft.; Includes a large insulated shop area with a 14 ft overhead door and concrete floor.; Features a heated middle section with storage/work room, storage/office, and half bath.