Recently Renovated Retail Office
For Sale
Contact for pricing
Pending
323 N Grand Ave. and 8 West 4th Street, Spencer, IA 51301
Completely leased renovated historical building with three stable tenants and potential second-level residential conversion.
Property SizeContact for details
Days on Market142
Property Features for 323 N Grand Ave. and 8 West 4th Street
General Information
Standard status
Pending
Property subtype
Retail, Office
Occupancy
100%
Building Details
Construction
neoclassical revival architecture
Tenancy
Multi
Listing Agency:
Century 21 Signature Real Estate Ankeny
Listed By:
George McGuire · License #IA
Source:
Crexi
Added: Apr 11
Changed: Aug 17
Last Checked: Aug 29 at 5:12PM
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 Century 21 Signature Real Estate Ankeny
Investment Insights
Based on property information with market context.
This recently renovated historical building features an exterior restored to original neoclassical revival architecture and an interior updated to a contemporary loft feel. The property is completely leased with three stable tenants.
The building is located in the heart of Spencer’s Central Business District. A second level could be repurposed to accommodate 2–3 apartments, with parking and ample storage in the basement, subject to redevelopment.
Offered for sale, the asset combines current income with flexibility for a future change of use on the upper level.
The building is located in the heart of Spencer’s Central Business District. A second level could be repurposed to accommodate 2–3 apartments, with parking and ample storage in the basement, subject to redevelopment.
Offered for sale, the asset combines current income with flexibility for a future change of use on the upper level.
Key Highlights
- Recently renovated historical building with exterior restored to original neoclassical revival architecture
- Interior updated to a contemporary loft feel
- Completely leased with 3 stable tenants
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
778
Businesses Nearby
Explore this area
Business Placement
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 Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Completely leased renovated historical building with three stable tenants and potential second-level residential conversion.
Where is this retail space located?
The property is located at 323 N Grand Ave. and 8 West 4th Street Spencer, IA.
What are key features of this property?
This property features: Recently renovated historical building with exterior restored to original neoclassical revival architecture; Interior updated to a contemporary loft feel; Completely leased with 3 stable tenants
