Versatile Commercial Property on
For Sale
Contact for pricing
20120 Highway 2, Centerville, IA 52544
Income-producing commercial property with multiple business possibilities on 1.7 acres.
Property Size8,560 SF
Lot Size1.70 Acres
Price / SF$42.06
Days on Market171
Property Features for 20120 Highway 2
General Information
Standard status
Active
Size
8,560 SF
Total Parking Spaces
25
Lot size
1.70 Acres
Property subtype
Industrial, Office, Retail
Zoning
Business/Commercial
Building Details
Year Built
1979
Units
4
Listing Agency:
Iowa Realty South Lakes
(641) 895-7445
Listed By:
John Durling · License #S71387000
Source:
Crexi
Added: Feb 27
Changed: Aug 14
Last Checked: Aug 14 at 7:24AM
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 Iowa Realty South Lakes
Investment Insights
Based on property information with market context.
This commercial property offers 8,560 square feet of space on 1.7 acres. The multi-purpose building is divided to accommodate multiple business ventures. Currently, the property includes a fully equipped veterinary clinic set up for both large and small animal care, featuring a dedicated grooming area and 10 rear kennels. Additionally, there is commercial office space that includes a 2-bedroom apartment upstairs, providing additional rental income or convenient on-site living. A two-story former day spa addition, constructed in 2014 with geothermal heating and designed for flexibility, is also part of the property. The spa wing is plumbed with hot and cold water plus drains in six individual rooms, allowing for an easy transition back to a fully operational spa or adaptation for medical, wellness, or professional use. The lower level has been converted to living space, further expanding residential or rental options. The property's location on Highway 2, its flexible layout, and income-producing potential offer possibilities for medical, wellness, professional offices, multi-tenant investment, or live/work conversion. Up to 55 adjoining acres of pasture with four ponds are available for purchase, providing expansion opportunities.
Key Highlights
- Income‑producing commercial property featuring a veterinary clinic and commercial office space, including a 2‑bedroom apartment.
- Prime highway location on 1.7 acres offering high visibility and accessibility.
- Versatile 8,560 sq ft multi‑purpose building adaptable for various business ventures.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
63
Businesses Nearby
Explore this area
Business Placement
Demographics for 52544, IA
7,481
Population
4,096
Households
1.8
Avg Household Size
44
Median Age
19%
College-Educated
88%
High-School Grad
138.3 sq mi
ZIP Area
54
Density / Sq Mi
$45,257
Median Household Income
$36,792
Median Earnings
$779
Median Rent
$114,100
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Income-producing commercial property with multiple business possibilities on 1.7 acres.
Where is this mixed-use property located?
The property is located at 20120 Highway 2 Centerville, IA.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Income‑producing commercial property featuring a veterinary clinic and commercial office space, including a 2‑bedroom apartment.; Prime highway location on 1.7 acres offering high visibility and accessibility.; Versatile 8,560 sq ft multi‑purpose building adaptable for various business ventures.
