Commercial Plaza with Leased
For Sale
$895,000
1914 Highway 18 E, Algona, IA 50511
Well-maintained commercial plaza with 8 leased spaces and 3 suites available, supported by visibility, accessibility, and ample parking.
Property SizeContact for details
Days on Market58
Property Features for 1914 Highway 18 E
General Information
Standard status
Active
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$27,817
Building Details
Tenancy
Multi
Listing Agency:
EXIT Realty Home/Land Properties
(641) 590-3471
Listed By:
Pamela Yegge · License #B63442000
(641) 590-3471
Source:
Exprealty
Added: Jun 29
Changed: Aug 24
Last Checked: Aug 24 at 1:59PM
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 EXIT Realty Home/Land Properties
Investment Insights
Based on property information with market context.
This well-maintained commercial plaza is currently operating near full occupancy, with 8 established tenant spaces leased under varying lease terms. In addition to the occupied units, 3 smaller commercial suites are available for lease. The property is described as having a consistent occupancy history and a strong rental history, supported by a diverse tenant base with staggered lease expirations.
The plaza offers excellent visibility and accessibility for tenants and customers, with ample parking on site. The property is located at 1914 E Hwy 18 in Algona, Iowa.
For investors, the current mix of leased units provides diversified, steady income, while the availability of 3 suites supports potential leasing activity within the same asset. For prospective tenants, the property offers an established business location with parking and visibility, alongside available space options for companies seeking a commercial plaza setting with access for customers.
The plaza offers excellent visibility and accessibility for tenants and customers, with ample parking on site. The property is located at 1914 E Hwy 18 in Algona, Iowa.
For investors, the current mix of leased units provides diversified, steady income, while the availability of 3 suites supports potential leasing activity within the same asset. For prospective tenants, the property offers an established business location with parking and visibility, alongside available space options for companies seeking a commercial plaza setting with access for customers.
Key Highlights
- Commercial plaza built in 2003 with 8 leased tenant spaces operating near full occupancy.
- 8 leased units with diversified rental income under varying lease terms.
- 3 smaller commercial suites currently available for lease, offering additional leasing income potential.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
128
Businesses Nearby
20k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 51%
Shops & Services 49%
Fareway
Groceries
9,904 visits/mo
0.0 miles
Casey's General Store
Shops & Services
7,251 visits/mo
0.2 miles
O'Reilly Auto Parts
Shops & Services
1,763 visits/mo
0.1 miles
Napa Auto Parts
Shops & Services
664 visits/mo
0.4 miles
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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Well-maintained commercial plaza with 8 leased spaces and 3 suites available, supported by visibility, accessibility, and ample parking.
Where is this shopping center located?
The property is located at 1914 Highway 18 E Algona, IA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Commercial plaza built in 2003 with 8 leased tenant spaces operating near full occupancy.; 8 leased units with diversified rental income under varying lease terms.; 3 smaller commercial suites currently available for lease, offering additional leasing income potential.
