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Mixed-Use Property with Auto Shop

11475 Highway 9, Thompson, IA 50478

For Sale
New
$695,000

Commercial Sale, Thompson, IA

Property Size10,264 SF
Lot Size0.83 Acres
Price / SF$67.71
Days on Market3

Property Features for 11475 Highway 9

General Information

Property type Commercial Sale
Property subtype Other
Appliances Range, Microwave, Refrigerator
Directions Use GPS.
Standard status Active
APN 0623351004
Lot size 0.83 Acres

Additional Details

Real Estate Included Yes
Automotive Uses auto repair

Taxes and HOA fees

Tax Year 2024
Tax Description 23 99 25 A TR IN 23 99 25 DESC BY METES & BDS IN BK 4 PG 128
Tax Annual Amount 7186
Legal Description 23 99 25 A TR IN 23 99 25 DESC BY METES & BDS IN BK 4 PG 128

Utilities

Heating system Radiant, Forced Air
Water source Public

Amenities

waste oil heater
air compressor
appliances
kitchen area
office area
bathroom
radiant heat
central air conditioning

Building Details

Year built 2014
Number of units 3
Building materials Metal Siding
Buildings 3
Listing Agency: EXIT Realty Home/Land Properties
Listed By: Pamela Yegge · License IA B63442000
Added: Nov 11 Last Checked: Nov 13 at 11:06PM
MLS# 6326328

Copyright © 2026 NoCoast MLS. 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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Investment Insights

Based on property information with market context.

The property includes three buildings on 0.83 acres, currently configured for automotive repair and auto parts sales. The 6,240-square-foot primary building was built in 2014, is insulated, and has radiant heat, with a waste oil heater in the rear. An attached 960-square-foot office and kitchen building, also built in 2014, is heated and cooled and has an adjacent bathroom. The adjoining 3,064-square-foot building was added in 2015 and has heating and central air conditioning.

Highway frontage serves the property at 11475 Highway 9. Equipment and appliances include a waste oil heater, an air compressor installed in 2024, a range, microwave, and refrigerator. The property also has public water.

Key Highlights

  • Three buildings on 0.83 acres, including a 6,240‑square‑foot primary building
  • Primary building built in 2014 with insulation, radiant heat and a rear waste oil heater
  • Attached 960‑square‑foot office and kitchen building with heating, cooling and adjacent bathroom

Property Analytics

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

Auto shops

Suggested Use

Top Pick Electrical Service Storage Facility Tanning Salon Grocery & Convenience Store Food Market Restaurant

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

Lease Details

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

62
Businesses Nearby

Demographics for 50478, IA

761
Population
439
Households
1.7
Avg Household Size
47
Median Age
34%
College-Educated
91%
High-School Grad
76.5 sq mi
ZIP Area
10
Density / Sq Mi
$44,880
Median Household Income
$43,580
Median Earnings
$709
Median Rent
$94,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - The property combines automotive service space with an attached office and kitchen area and an adjoining conditioned building.
Where is this mixed-use property located?
The property is located at 11475 Highway 9 Thompson, IA.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Three buildings on 0.83 acres, including a 6,240‑square‑foot primary building; Primary building built in 2014 with insulation, radiant heat and a rear waste oil heater; Attached 960‑square‑foot office and kitchen building with heating, cooling and adjacent bathroom
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