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Flex Space with Outbuildings
For Sale
$289,000

1310 Highway 18 E, Algona, IA 50511

The main building combines an open sales area with office, break, restroom, and storage rooms, plus several work and storage structures.

Property SizeContact for details
Days on Market919

Property Features for 1310 Highway 18 E

General Information

Standard status Active
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $2,936

Building Details

Year Built 1930
Buildings 4
Units 4
Listing Agency: Weichert, REALTORS-The 515 Agency
Listed By: Brad Hoover · License #S65561
Source: Davisandpalmer
Added: Apr 19, 2024 Changed: Oct 23 Last Checked: Oct 23 at 4:19PM

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 Weichert, REALTORS-The 515 Agency

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Investment Insights

Based on property information with market context.

The flex property at 1310 Highway 18 E in Algona includes a primary building with an open sales floor, office, break room, restroom, and storage room. The interior was recently updated, and two separate heating and cooling units serve the building; both units were replaced in the last few years. The main structure dates to 1930.

Additional space includes an attached 80'x24' pole building with an office and a small insulated, heated shop fitted with a 12'x12' overhead door. A steel-framed building measures 48x20 and has a 48x32 lean-to. The property also has a 60'x40' pole barn, built in 1990, with a concrete floor, sliding doors, and a 10'x40' storage loft.

Key Highlights

  • Recently updated main building with open sales floor, office, break room, restroom, and storage
  • Two separate heating and cooling units, both replaced in the last few years
  • Attached 80'x24' pole building with an additional office

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Pharmacy Parking Lot & Garage Restaurant

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

12
Businesses Nearby
Well-served
Demand for This Use

Demographics for 50511, IA

7,061
Population
3,385
Households
2.1
Avg Household Size
47
Median Age
26%
College-Educated
95%
High-School Grad
130.0 sq mi
ZIP Area
54
Density / Sq Mi
$60,256
Median Household Income
$43,692
Median Earnings
$892
Median Rent
$180,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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

Similar Off Market Nearby

  • Ag Processing Inc — 2108 140th Ave, Algona, IA 50511

Frequently Asked Questions

What type of property is this?
Flex space - The main building combines an open sales area with office, break, restroom, and storage rooms, plus several work and storage structures.
Where is this flex space located?
The property is located at 1310 Highway 18 E Algona, IA.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: Recently updated main building with open sales floor, office, break room, restroom, and storage; Two separate heating and cooling units, both replaced in the last few years; Attached 80'x24' pole building with an additional office
More about this property
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