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Renovated Retail Space
For Sale
$78,000

200 Union St, Westfield, IA 51062

Commercial, Westfield, IA

Property SizeContact for details
Lot Size0.34 Acres
Days on Market215

Property Features for 200 Union St

General Information

Property type Commercial Sale
Property subtype Other
Lot features Level Lot, Trees, Other- See Comments
Elementary school Akron-Westfield
Middle school Akron-Westfield
High school Akron-Westfield
Directions Your preferred map app - 200 Union St., Westfield, IA 51062
Subdivision Surrounding Areas/Other Areas
Standard status Active
APN 08-26-310-001
Lot size 0.34 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description LOTS 1-2 BLK 19 WESTFIELD
Tax Annual Amount 252
Legal Description LOTS 1-2 BLK 19 WESTFIELD

Utilities

Heating system Forced Air
Cooling system Central Air

Building Details

Year built 1940
Listing Agency: NextHome Tri State Realty
Listed By: Janel Pearson · License #S64755000,PersonLicenseNumber
Added: Feb 10 Changed: Sep 9 Last Checked: Sep 13 at 5:06PM
MLS# 831775

Copyright © 2026 Northwest Iowa Regional Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Located at 200 Union St in Westfield, Iowa, this retail property occupies a 0.3444-acre double lot and is currently used for flea market retail. The 1940 building includes an upstairs bathroom with a toilet and sink, while the basement offers the possibility of adding a shower, subject to verification.

Renovations completed since the current ownership acquired the property include the HVAC furnace and central air system, electrical service, plumbing, and drywall. The property is being sold as-is, with inspections intended for buyer knowledge only. Hummer, The Station, and the local post office are identified as neighboring businesses. Buyers should confirm lot specifics and permitted use with the city.

Key Highlights

  • 0.3444‑acre double lot
  • Retail property currently used for flea market operations
  • Renovations include HVAC furnace and central air, electrical, plumbing, and drywall

Property Analytics

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Current Use

Retail space

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

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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?
Retail space - Configured for flea market retail use with central air, forced-air heat, and an upstairs bathroom.
Where is this retail space located?
The property is located at 200 Union St Westfield, IA.
What is the asking price?
The asking price for this property is $78,000.
What are key features of this property?
This property features: 0.3444‑acre double lot; Retail property currently used for flea market operations; Renovations include HVAC furnace and central air, electrical, plumbing, and drywall
More about this property
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