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Three-Level Office Building
For Sale
$129,900

115 N 2nd Avenue E, Newton, IA 50208

CommercialSale, Newton, IA

Property Size7,500 SF
Lot Size0.40 Acres
Price / SF$17.32
Days on Market365

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

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
Listing Agency: Iowa Realty Newton
Listed By: Megan Thompson
Added: Aug 26, 2025 Changed: Aug 19 Last Checked: Aug 25 at 1:06PM
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.

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

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
Rey
Questions? Ask Rey
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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
More about this property
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