Building Details

Building Size 1,350 SF

Year Built 2023

Listing Agency: Fischels Commercial Group c***@crfre.com Show Phone

Listed By: Chris Fischels · License #B44779000 Show Phone

Source: Sweeneyrealestate

Added: Apr 17, 2024 Changed: Aug 13 Last Checked: Aug 16 at 3:23PM

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Investment Insights

Based on property information with market context.

This 2023-built warehouse business condo offers 1,350 square feet in a 30' x 45' x 16' configuration. The interior is designed for year-round utility with tinned metal finishes, R-21 wall insulation, and an R-30 ceiling. Reinforced 4-inch concrete flooring includes a 5-inch by 6-foot trench drain with a poly grease trap.

Access and building systems include a 12' x 14' insulated overhead garage door with electric opener, plus a 36-inch steel entry door with keypad access. The space has a 100-amp electrical panel, six quad outlets, three 36,000-lumen high-bay LED fixtures, and a wall-mounted exterior light. A finished bathroom provides a toilet, utility sink, water heater, baseboard heat, exhaust fan/light, and GFI outlet. The property is zoned C and located at 198 W Gilbert Drive in Evansdale, Iowa.

Key Highlights

• 1,350 SF warehouse condo built in 2023
• 30' x 45' x 16' interior configuration
• 12' x 14' insulated overhead door with electric opener

Property Analytics

Property Profile

Current Use

Warehouses

Suggested Use

Top Pick Dental Office Restaurant Building Supply Big Box & Wholesale Store Pharmacy Auto Parts Store

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

1

Drive-in doors

NNN (Triple Net)

Lease Type

$1.19 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

45

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 50707, IA

7,708

Population

3,555

Households

2.2

Avg Household Size

42

Median Age

14%

College-Educated

90%

High-School Grad

8.2 sq mi

ZIP Area

940

Density / Sq Mi

$61,451

Median Household Income

$32,815

Median Earnings

$922

Median Rent

$142,600

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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What type of property is this? Where is this warehouses located? What is the lease rate? Find similar properties ... What are key features of this property?

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Similar Off Market Nearby

• D & S Self Storage — 3759 Lafayette Rd, Evansdale, IA 50707
• Prime Storage — 206 N Evans Rd, Evansdale, IA 50707

Frequently Asked Questions

What type of property is this?

Warehouse - Insulated commercial space includes a drive-in door, bathroom, and 100-amp electrical service.

Where is this warehouse located?

The property is located at 198 W Gilbert Drive #R Evansdale, IA.

What is the lease rate?

The lease rate is $895/Mo.

What are key features of this property?

This property features: 1,350 SF warehouse condo built in 2023; 30' x 45' x 16' interior configuration; 12' x 14' insulated overhead door with electric opener