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Multi-Tenant Shopping Center
For Sale
$1,650,000

1707-1721 1st Ave E Unit 2 3, Newton, IA 50208

Two buildings include established occupants and approximately 4,300 SF of vacant space.

Property Size16,588 SF
Price / SF$99.47
Days on Market18

Property Features for 1707-1721 1st Ave E Unit 2 3

General Information

Standard status Active
Size 16,588 SF
Property subtype Commercial

Additional Details

Tenant in Place Yes

Building Details

Year Built 2017
Buildings 2
Tenancy Multi
Listing Agency: Birkenholz Real Estate
Listed By: Dick Boggess (641) 792-4764 · License #832110000
Source: Desmoineshomesforsale
Added: Oct 13 Changed: Oct 28 Last Checked: Oct 28 at 3:33PM

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 Birkenholz Real Estate

Rey
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This shopping center comprises two buildings at 1707, 1715, 1719 and 1721 1st Ave E, with a combined stated property size of 16,588 SF. The property was built in 2017 and has approximately 4,300 SF of vacant space. Existing tenants include Anytime Fitness, Medicap Home Medical and Kinetic Edge.

Ownership is structured as a horizontal regime with two units and a shared common area.

Key Highlights

  • 16,588 SF across two buildings
  • Approximately 4,300 SF vacant
  • Tenants include Anytime Fitness, Medicap Home Medical and Kinetic Edge

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Electrical Service (Bike/Boat/Book/etc) Store Bakery Furniture & Home Goods Computer & Electronic Repair Plumbing Service

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

Location Intelligence

Trade Area within ½ mile

53
Businesses Nearby
Balanced
Demand for This Use

Demographics for 50208, IA

20,918
Population
8,919
Households
2.3
Avg Household Size
42
Median Age
17%
College-Educated
91%
High-School Grad
158.5 sq mi
ZIP Area
132
Density / Sq Mi
$61,064
Median Household Income
$37,490
Median Earnings
$830
Median Rent
$161,900
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Shopping center - Two buildings include established occupants and approximately 4,300 SF of vacant space.
Where is this shopping center located?
The property is located at 1707-1721 1st Ave E Unit 2 3 Newton, IA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 16,588 SF across two buildings; Approximately 4,300 SF vacant; Tenants include Anytime Fitness, Medicap Home Medical and Kinetic Edge
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