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Three-Level Office Building

115 N 2nd Avenue E, Newton, IA 50208

For Sale
$129,900

CommercialSale, Newton, IA

Property SizeContact for details
Lot Size0.40 Acres
Days on Market444

Property Features for 115 N 2nd Avenue E

General Information

Property type Commercial Sale
Property subtype Other
Zoning Comm
Elementary school district Newton
Middle school district Newton
High school district Newton
Directions From Hwy 14, turn E onto 1st Ave. At 1st Ave W and 1st St N, turn N. Go to N 2nd and turn right. Building is on the right side.
Subdivision Newton
Standard status Active
APN 0834138004
Lot size 0.40 Acres

Additional Details

Property Use Office

Taxes and HOA fees

Tax Description ORIGINAL PLAT LOTS 1 & 2 BLK 15
Tax Annual Amount 4598
Legal Description ORIGINAL PLAT LOTS 1 & 2 BLK 15

Utilities

Sewer type Public Sewer
Heating system Forced Air, Natural Gas
Cooling system Attic Fan
Water source Public

Building Details

Year built 1939
Building materials Block
Buildings 1
Listing Agency: Iowa Realty Newton
Listed By: Megan Thompson
Added: Aug 26, 2025 Changed: Oct 23 Last Checked: Nov 12 at 8:06AM
MLS# 725020

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.

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Investment Insights

Based on property information with market context.

Built in 1939, this block-construction office building contains more than 7,500 square feet across three levels on a 0.4-acre parcel. The property was previously configured for mixed office use and includes an elevator that is currently nonfunctional. Updated HVAC serves the building, with forced-air, natural-gas heating and attic-fan cooling.

The property is located at 115 N 2nd Avenue E in Newton, Iowa. Public water and public sewer serve the site, and the building carries Comm zoning. Its existing multi-level arrangement provides a substantial framework for continued office use or a future reconfiguration based on the next owner’s plans.

Key Highlights

  • More than 7,500 square feet arranged across 3 levels
  • 0.4‑acre office property at 115 N 2nd Avenue E, Newton, IA 50208
  • Previously used as mixed office space

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Office buildings

Suggested Use

Top Pick Dental Office Law Firm Big Box & Wholesale Store Gym & Fitness Center HVAC Service Building Supply

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

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 building - Commercially zoned building with updated HVAC and a former mixed-office layout across multiple levels.
Where is this office building located?
The property is located at 115 N 2nd Avenue 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: More than 7,500 square feet arranged across 3 levels; 0.4‑acre office property at 115 N 2nd Avenue E, Newton, IA 50208; Previously used as mixed office space
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