Mixed-Use Retail and Apartment
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For Sale
Contact for pricing
111 W Salem Ave, Indianola, IA 50125
Street-level retail and an upper-floor apartment are fully leased, with the retail term extending through February 2028.
Property Size3,724 SF
Price / SF$79.22
Days on Market6
Property Features for 111 W Salem Ave
General Information
Standard status
Active
Size
3,724 SF
Property subtype
RETAIL
Occupancy
100%
Additional Details
Mixed-Use Components
retail, residential
Multifamily Units
1
Tenant in Place
Yes
Amenities
full basement storage
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Terrus Real Estate Group
(515) 471-4400
Listed By:
Tim Wirta · License #B57526000
(515) 314-7779
Source:
Moodyscre
Added: Oct 27
Changed: Oct 30
Last Checked: Oct 30 at 3:16PM
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 Terrus Real Estate Group
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Investment Insights
Based on property information with market context.
This 3,724-square-foot mixed-use building combines street-level retail with an apartment on the second floor. A full basement provides storage. The property is fully leased, and the retail lease runs through February 2028.
The building is at 111 W Salem Ave on the downtown square in Indianola, Iowa.
The building is at 111 W Salem Ave on the downtown square in Indianola, Iowa.
Key Highlights
- 3,724 square feet across retail and apartment space
- Fully leased; street‑level retail lease runs through February 2028
- Second‑floor apartment above the retail space
Property Analytics
Who owns this building?
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Current Use
Lease Details
1
Residential units
100%
Occupancy
Multi-tenant
Tenancy
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Street-level retail and an upper-floor apartment are fully leased, with the retail term extending through February 2028.
Where is this mixed-use property located?
The property is located at 111 W Salem Ave Indianola, IA.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 3,724 square feet across retail and apartment space; Fully leased; street‑level retail lease runs through February 2028; Second‑floor apartment above the retail space
