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Flex Space with Office and Warehouse
For Sale
$639,500

1208 E Milwaukee St, Spencer, IA 51301

Modern flex facility combining dedicated office space, warehouse capacity, insulated overhead doors, and an expansive outdoor lot.

Property Size7,024 SF
Price / SF$91.04
Days on Market10

Property Features for 1208 E Milwaukee St

General Information

Standard status Active
Size 7,024 SF

Warehouse & Industrial

Clear Height 16.5 ft
Warehouse Space 6,000 SF
Office Build-Out 1,024 SF

Taxes and HOA fees

Annual Taxes $13,014

Building Details

Year Built 2018
Buildings 1
Building Size 7,024 SF
Listing Agency: Bates Realty, LLC
Listed By: Kim Bates · License #B41316
Source: Exprealty
Added: Sep 14 Changed: Sep 21 Last Checked: Sep 22 at 6:25PM

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 Bates Realty, LLC

Investment Insights

Based on property information with market context.

Completed in 2019 after construction began in 2018, this flex facility combines a 6,000 sq. ft. shop and warehouse with an additional 1,024 sq. ft. executive office area. The shop measures 60X100X16'6 and includes 14 ft. insulated overhead doors, epoxy-coated office floors, and zoned in-floor heat.

Located at 1208 E Milwaukee St in Spencer, IA, the property includes an expansive outdoor lot with exterior parking and room for equipment turnaround. The configuration supports shop, light manufacturing, and other growing business operations, while the combination of enclosed work areas and outdoor space provides operational flexibility.

Key Highlights

  • 6,000 sq. ft. shop/warehouse measuring 60X100X16'6
  • Additional 1,024 sq. ft. executive office space
  • 14 ft. insulated overhead doors

Property Analytics

Current Use

Custom Design Coatings ... Painting Service

Suggested Use

Top Pick Real Estate Agency Building Supply Restaurant Big Box & Wholesale Store Law Firm Auto Repair Shop

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

16 ft
Clear height

Location Intelligence

Trade Area within ½ mile

98
Businesses Nearby
Under-served
Demand for This Use

Demographics for 51301, IA

12,606
Population
6,096
Households
2.1
Avg Household Size
43
Median Age
28%
College-Educated
95%
High-School Grad
157.7 sq mi
ZIP Area
80
Density / Sq Mi
$61,175
Median Household Income
$38,961
Median Earnings
$796
Median Rent
$180,400
Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
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Frequently Asked Questions

What type of property is this?
Flex space - Modern flex facility combining dedicated office space, warehouse capacity, insulated overhead doors, and an expansive outdoor lot.
Where is this flex space located?
The property is located at 1208 E Milwaukee St Spencer, IA.
What is the asking price?
The asking price for this property is $639,500.
What are key features of this property?
This property features: 6,000 sq. ft. shop/warehouse measuring 60X100X16'6; Additional 1,024 sq. ft. executive office space; 14 ft. insulated overhead doors
More about this property
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