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Office Property with Upper-Level Space

113 W Salem Avenue, Indianola, IA 50125

For Sale
New
$105,000

CommercialSale, Indianola, IA

Property Size4,134 SF
Lot Size0.08 Acres
Price / SF$25.40
Days on Market3

Property Features for 113 W Salem Avenue

General Information

Property type Commercial Sale
Property subtype Other
Zoning C
Directions From Highway 65 & Highway 92 Intersection: Head north on Highway 65 for 0.15 miles until reaching E Salem Avenue. Turn left (west) and continue for 0.17 miles. The property will be located on the left. Look for the Company signs.
Subdivision Indianola
Standard status Active
APN 48020170050
Size 4,134 SF
Lot size 0.08 Acres

Additional Details

Property Use Office

Taxes and HOA fees

Tax Description The West 21.5 feet of Lot 5, Block 17 of the Original Town Plat of Indianola, Section 25, Township 76 North, Range 24 West of the 5th PM
Tax Annual Amount 6600
Legal Description The West 21.5 feet of Lot 5, Block 17 of the Original Town Plat of Indianola, Section 25, Township 76 North, Range 24 West of the 5th PM

Utilities

Sewer type Public Sewer
Heating system Electric (Heating), Forced Air, Natural Gas
Cooling system Central Air
Water source Public

Building Details

Year built 1900
Listing Agency: Peoples Company
Listed By: Daran Becker · License IA S60473000
Added: Nov 10 Changed: Nov 11 Last Checked: Nov 12 at 9:06AM
MLS# 752859

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.

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

The office property provides 4,134 square feet of finished space, arranged with a reception area, eight offices, a conference or meeting room, kitchenette, and three bathrooms. An additional 1,760 square feet upstairs remains unfinished and may offer room for further use. Central air conditioning serves the building, which was constructed in 1900.

The property sits on the south side of the square in downtown Indianola, Iowa. It occupies a 0.08-acre site and has public water and sewer service. Zoning is C.

Key Highlights

  • 4,134 square feet of finished office space
  • Eight individual offices, reception area, conference room, kitchenette, and three bathrooms
  • 1,760 square feet of unfinished upstairs area

Property Analytics

Who owns this building? See the owner, sales and loan history
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Current Use

Peoples Company Real Estate Agency Brickstone Place Real Estate Agency Mishmash Eats Bake ... Bakery

Suggested Use

Top Pick Law Firm Skin Care Clinic Big Box & Wholesale Store Building Supply Electrical Service HVAC Service

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

766
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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

Frequently Asked Questions

What type of property is this?
Office unit - A multi-room professional layout includes reception, private offices, meeting space, a kitchenette, and three restrooms.
Where is this office unit located?
The property is located at 113 W Salem Avenue Indianola, IA.
What is the asking price?
The asking price for this property is $105,000.
What are key features of this property?
This property features: 4,134 square feet of finished office space; Eight individual offices, reception area, conference room, kitchenette, and three bathrooms; 1,760 square feet of unfinished upstairs area
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