Building Details

Year built 1900

Listing Agency: Iowa Realty Altoona i***@iowarealty.com Show Phone

Listed By: Jodie Hawley Show Phone

Added: Oct 1 Changed: Oct 6 Last Checked: Oct 6 at 8:06PM

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MLS# 750370

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.

This mixed-use property combines ground-floor retail with three apartments on the upper level. The apartment mix includes two one-bedroom, one-bath units and one two-bedroom, one-bath unit. A long-term lease is in place for the retail space, and the building dates to 1900.

The 0.05-acre property is located at 12 W Howard Street in Colfax, Iowa. Public water and public sewer serve the site, and the zoning designation is Comm.

Key Highlights

• Three upper‑level apartments: two 1‑bedroom/1‑bath units and one 2‑bedroom/1‑bath unit
• Street‑level retail space is occupied under a long‑term lease
• 0.05‑acre parcel at 12 W Howard Street in Colfax

Property Analytics

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Current Use

Gold Lithia Disposal ... Corporate Office

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Auto Repair Shop Restaurant HVAC Service Hair Salon

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

3

Residential units

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

162

Businesses Nearby

Explore this area Business Placement

Demographics for 50054, IA

3,471

Population

1,250

Households

2.8

Avg Household Size

42

Median Age

24%

College-Educated

95%

High-School Grad

61.0 sq mi

ZIP Area

57

Density / Sq Mi

$91,204

Median Household Income

$46,154

Median Earnings

$842

Median Rent

$197,400

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Mixed-use property - Street-level retail space has a long-term lease, with three apartments above.

Where is this mixed-use property located?

The property is located at 12 W Howard Street Colfax, IA.

What is the asking price?

The asking price for this property is $190,000.

What are key features of this property?

This property features: Three upper‑level apartments: two 1‑bedroom/1‑bath units and one 2‑bedroom/1‑bath unit; Street‑level retail space is occupied under a long‑term lease; 0.05‑acre parcel at 12 W Howard Street in Colfax