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Hiawatha Warehouse/Flex Space For Lease
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1470 Ketelsen Dr, Hiawatha, IA 52233

Warehouse/flex building with ESFR sprinkler system and ample power.

Space Size30,000 SF
Days on Market1942

Property Features for 1470 Ketelsen Dr

General Information

Standard status Active
Size 30,000 SF
Property subtype INDUSTRIAL
Lease Type NNN

Spaces For Lease

at 1470 Ketelsen Dr
Proposed Warehouse for Lease $9.50 – $14.95/SF/Yr
Floor 1
Size 30,000 SF
Type INDUSTRIAL
Lease Type NNN
Availability AVAILABLE, Completion
Sublease No
LOCATION OVERVIEW Conveniently located on N Center Pt Rd in Hiawatha, just 1/2 mile north of the I-380/Boyson Rd interchange. PROPERTY OVERVIEW Build-to-suit warehouse/flex building in Hiawatha. ESFR sprinkler system, sidewall height of 25' and ample power. Combination of dock and ground level doors. Warehouse lease rate is $9.50/SF NNN and office/retail area lease rate is $14.95/SF NNN. Owner willing to amortize additional tenant required improvements over the term of the lease. 10,000 -30,000 SF available. PROPERTY HIGHLIGHTS •Build-to-suit •25' clear height •10,000-30,000 SF available
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Listing Agency: GLD Commercial
Listed By: Adam Gibbs · License #B43857000
Source: Moodyscre
Added: Jul 2, 2021 Changed: Oct 13 Last Checked: Oct 24 at 9:27PM

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 GLD Commercial

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Investment Insights

Based on property information with market context.

This build-to-suit warehouse/flex building is located in Hiawatha. It features an ESFR sprinkler system, sidewall height of 25 feet, and ample power. The property includes a combination of dock and ground-level doors. The warehouse lease rate is $9.50 per square foot NNN, and the office/retail area lease rate is $14.95 per square foot NNN. The owner is willing to amortize additional tenant-required improvements over the term of the lease. Available space ranges from 10,000 to 30,000 square feet. The property is suitable for commercial real estate, including flex space, industrial purposes, warehousing, and retail. It can be used as retail space, retail properties, and spaces, as well as other warehouse purposes.

Key Highlights

  • Build‑to‑suit warehouse/flex building.
  • ESFR sprinkler system in place.
  • Sidewall height of 25'.

Property Analytics

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

Current Use

Flex space

Suggested Use

Top Pick Restaurant Law Firm HVAC Service Nail Salon Pharmacy Bakery

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

676
Businesses Nearby
Well-served
Demand for This Use

Demographics for 52233, IA

7,091
Population
3,123
Households
2.3
Avg Household Size
39
Median Age
31%
College-Educated
97%
High-School Grad
3.9 sq mi
ZIP Area
1,818
Density / Sq Mi
$66,497
Median Household Income
$44,111
Median Earnings
$846
Median Rent
$200,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Hiawatha, IA

$8.78 /SF/Yr
Avg Asking Price
$8–$10 /SF/Yr
Price Range
20,038 SF
Avg Space Size

This space is priced 8% above the average of $8.78 /SF/Yr.

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

Frequently Asked Questions

What type of property is this?
Flex space - Warehouse/flex building with ESFR sprinkler system and ample power.
Where is this flex space located?
The property is located at 1470 Ketelsen Dr Hiawatha, IA.
What is the lease rate?
The lease rate is $9.50 SF/Yr.
What are key features of this property?
This property features: Build‑to‑suit warehouse/flex building.; ESFR sprinkler system in place.; Sidewall height of 25'.
(319) 731-3415 Call to check price and availability
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