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Historic Three-Level Office Building
New
For Sale
$129,900

115 N 2nd Ave E, Newton, IA 50208

Updated HVAC serves a three-level commercial layout with a non-functioning elevator.

Property Size7,500 SF
Price / SF$8.92
Days on Market2

Property Features for 115 N 2nd Ave E

General Information

Standard status Active
Size 7,500 SF
Elevators Yes

Building Details

Year Built 1939
Stories 3
Building Size 7,500 SF
Listing Agency: Iowa Realty Newton
Listed By: Megan Thompson
Source: Kwlegacyrealty
Added: Aug 30 Changed: Aug 31 Last Checked: Aug 31 at 7:09PM

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 Iowa Realty Newton

Investment Insights

Based on property information with market context.

Built in 1939, this three-level office building offers a historic commercial setting for a future redevelopment or repositioning plan. The property was previously configured for mixed office use and includes updated HVAC equipment. An existing elevator is present but does not currently function.

Located at 115 N 2nd Ave E in Newton, Iowa, the building provides a substantial existing framework for office-related occupancy or a new interior configuration, subject to applicable approvals and improvements. Its three-story design and established office layout provide a clear starting point for further planning.

Key Highlights

  • Three‑level office building constructed in 1939
  • Previously configured for mixed office use
  • Updated HVAC system

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Dental Office Big Box & Wholesale Store HVAC Service Kitchen & Bath Showroom Plumbing Service Garden 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

852
Businesses Nearby

Demographics for 50208, IA

20,918
Population
8,919
Households
2.3
Avg Household Size
42
Median Age
17%
College-Educated
91%
High-School Grad
158.5 sq mi
ZIP Area
132
Density / Sq Mi
$61,064
Median Household Income
$37,490
Median Earnings
$830
Median Rent
$161,900
Median Home Value

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
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Frequently Asked Questions

What type of property is this?
Office building - Updated HVAC serves a three-level commercial layout with a non-functioning elevator.
Where is this office building located?
The property is located at 115 N 2nd Ave E Newton, IA.
What is the asking price?
The asking price for this property is $129,900.
What are key features of this property?
This property features: Three‑level office building constructed in 1939; Previously configured for mixed office use; Updated HVAC system
More about this property
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