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Renovated Storefront Retail Property
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200 Union St, Westfield, IA 51062

Current retail use is supported by updated HVAC, electrical, plumbing, and drywall improvements.

Property Size875 SF
Price / SF$93.71
Days on Market154

Property Features for 200 Union St

General Information

Standard status Active
Size 875 SF
Property subtype Retail, Office, Special Purpose

Building Details

Year Built 1940
Listing Agency: NextHome Signature Real Estate
Listed By: Janel Pearson · License #S64755000
Source: Crexi
Added: Apr 1 Changed: Aug 30 Last Checked: Sep 1 at 3:11AM

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 NextHome Signature Real Estate

Investment Insights

Based on property information with market context.

This 1940-built storefront is currently configured for retail use and has served as a flea market property. Improvements completed after acquisition include HVAC work with furnace and central air, electrical upgrades, plumbing work, and new drywall. The building also has one upstairs restroom equipped with a toilet and sink, while the basement may accommodate a future shower addition.

The property is located at 200 Union St in Westfield, Iowa, near Hummer, The Station, and the town post office. It is being offered in as-is condition, with inspections intended for buyer knowledge only. A vacant lot to the south is marketed separately.

Key Highlights

  • Storefront retail property at 200 Union St, Westfield, IA 51062
  • Current flea market retail use
  • HVAC, electrical, plumbing, and drywall improvements completed

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Restaurant Bar & Pub

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

9
Businesses Nearby
Well-served
Demand for This Use

Demographics for 51062, IA

469
Population
225
Households
2.1
Avg Household Size
50
Median Age
23%
College-Educated
82%
High-School Grad
55.8 sq mi
ZIP Area
8
Density / Sq Mi
$37,083
Median Earnings
$1,146
Median Rent
$284,200
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
Rey
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Frequently Asked Questions

What type of property is this?
Storefront property - Current retail use is supported by updated HVAC, electrical, plumbing, and drywall improvements.
Where is this storefront property located?
The property is located at 200 Union St Westfield, IA.
What is the asking price?
The asking price for this property is $82,000.
What are key features of this property?
This property features: Storefront retail property at 200 Union St, Westfield, IA 51062; Current flea market retail use; HVAC, electrical, plumbing, and drywall improvements completed
More about this property
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