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Federal Government-Leased Office Buildings
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Pending

1615 Central Ave, Fort Dodge, IA 50501

Two office properties occupied by federal agencies under modified gross leases with staggered remaining terms.

Property SizeContact for details
Lot Size1.67 Acres
Days on Market143

Property Features for 1615 Central Ave

General Information

Standard status Pending
Net Rentable 8,365 SF
Lot size 1.67 Acres
Property subtype Office

Additional Details

Road Access Yes

Building Details

Buildings 2
Tenancy Multi
Listing Agency: AiCRE Partners
Listed By: Jason Gribin · License #CA 01819611
Source: Crexi
Added: Apr 12 Changed: Aug 30 Last Checked: Aug 30 at 12:50PM

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 AiCRE Partners

Investment Insights

Based on property information with market context.

This offering comprises fee simple ownership of two office buildings occupied by the Social Security Administration and Mine Safety & Health Administration. The SSA property contains 5,260 SF on 1.35 acres, while the MSHA building provides 3,105 SF on 0.32 acres. Both assets are subject to modified gross leases, creating a two-property configuration with different lease maturities.

The SSA lease has approximately 4.3 years remaining, and the MSHA lease has approximately 12.9 years remaining. The properties are located at 2315 2nd Ave N and 1615 Central Ave in Fort Dodge, Iowa. The surrounding area includes access to Fort Dodge Regional Airport, Snell-Crawford Park, Becker Wildlife Area, and UnityPoint Health Trinity Regional Medical Center.

Key Highlights

  • Two office properties held in fee simple ownership
  • Social Security Administration occupancy: 5,260 SF on 1.35 acres
  • Mine Safety & Health Administration occupancy: 3,105 SF on 0.32 acres

Property Analytics

Current Use

US Mine Safety ... Government Office

Suggested Use

Top Pick Parking Lot & Garage Carpet & Flooring Store Acupuncture (Bike/Boat/Book/etc) Store Travel Agency Skin Care Clinic

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

Multi-tenant
Tenancy
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,076
Businesses Nearby

Demographics for 50501, IA

28,492
Population
13,198
Households
2.2
Avg Household Size
39
Median Age
20%
College-Educated
92%
High-School Grad
152.2 sq mi
ZIP Area
187
Density / Sq Mi
$66,130
Median Household Income
$36,934
Median Earnings
$779
Median Rent
$139,700
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Two office properties occupied by federal agencies under modified gross leases with staggered remaining terms.
Where is this office building located?
The property is located at 1615 Central Ave Fort Dodge, IA.
What are key features of this property?
This property features: Two office properties held in fee simple ownership; Social Security Administration occupancy: 5,260 SF on 1.35 acres; Mine Safety & Health Administration occupancy: 3,105 SF on 0.32 acres
More about this property
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