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Flex Building with Open Bays
For Sale
$575,000

205 S Wiley Avenue, Washington, IA 52353

Commercial Sale, Washington, IA

Property Size3,600 SF
Lot Size0.96 Acres
Price / SF$159.72
Days on Market277

Property Features for 205 S Wiley Avenue

General Information

Property type Commercial Sale
Property subtype Other
Zoning Business/Commercial
Lot features Irregular Lot, Corner Lot
Directions Hwy 92 (E Washington St) to S Wiley Ave; south on S Wiley Ave to property on east side of street.
Standard status Active
APN 11-16-478-001
Lot size 0.96 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description 01 WILEY SD 4TH ADD
Tax Annual Amount 13518
Legal Description 01 WILEY SD 4TH ADD

Utilities

Heating system Forced Air
Cooling system Central Air
Water source Public

Building Details

Year built 2023
Number of units 1
Flooring type Concrete
Building materials Steel Siding, Metal Siding
Roof type Metal
Architectural style Other
Buildings 1
Listing Agency: Real Brokers LLC
Listed By: Joseph Taormina
Added: Jan 26 Changed: Oct 29 Last Checked: Oct 30 at 11:06AM
MLS# 6335098

Copyright © 2026 NoCoast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

Built in 2023, this 3,600-square-foot flex building occupies a 0.96-acre parcel and contains two open bays of 2,000 and 1,200 square feet, arranged around an office and bathroom core. An overhead door serves the building. Construction features include steel and metal siding, a metal roof, and concrete flooring, with forced-air heating and central air conditioning. Public water is available. The property is zoned Business/Commercial.

Approximately 85% of the site remains open. Underground systems are in place, and development approval includes plans for a 12,250-square-foot second-phase retail or restaurant building. The site is on the commercial corridor along Hwy 92 near Walmart, Dollar Tree, Pizza Ranch, and other national retailers. It is outside a flood hazard area.

Key Highlights

  • 2023 construction; 3,600‑square‑foot building on 0.96 acres
  • Two open bays: 2,000 SF and 1,200 SF, with office and bathroom core
  • Overhead door; steel and metal siding, metal roof, and concrete flooring

Property Analytics

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Current Use

Flex space

Lease Details

100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

101
Businesses Nearby
Well-served
Demand for This Use

Demographics for 52353, IA

9,416
Population
3,995
Households
2.4
Avg Household Size
41
Median Age
22%
College-Educated
93%
High-School Grad
157.4 sq mi
ZIP Area
60
Density / Sq Mi
$63,232
Median Household Income
$36,062
Median Earnings
$912
Median Rent
$155,700
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 Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025

Frequently Asked Questions

What type of property is this?
Flex space - A commercial property with adaptable bay space, a central office and bath area, and room for additional development.
Where is this flex space located?
The property is located at 205 S Wiley Avenue Washington, IA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 2023 construction; 3,600‑square‑foot building on 0.96 acres; Two open bays: 2,000 SF and 1,200 SF, with office and bathroom core; Overhead door; steel and metal siding, metal roof, and concrete flooring
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