21035 240th Street #Bay #2, Grundy Center, IA 50638

Building Details

Building Size 80,000 SF More

Year Built 1973 More

Listing Agency: Fischels Commercial Group Show Phone

Listed By: Chris Fischels · License IA B44779000 Show Phone

Source: Gnbrealestate

Added: Dec 23, 2025 Changed: Nov 11 Last Checked: Nov 10 at 10:43AM

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Investment Insights

Based on property information with market context.

A 40,000 SF bay is available within an industrial building constructed in 1973. The bay may be combined with adjacent space, bringing the total available area to as much as 80,000 SF. The property is zoned M, and the tenant is responsible for electric utilities.

The site is a short drive from Waterloo and Cedar Falls.

Key Highlights

• 40,000 SF bay available in an industrial building
• Adjacent space can be combined for up to 80,000 SF
• M zoning

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Best Veneer Company Building Supply

Suggested Use

Top Pick Plumbing Service Auto Parts Store Big Box & Wholesale Store Kitchen & Bath Showroom Building Supply Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

1

Businesses Nearby

Explore this area Business Placement

Demographics for 50638, IA

3,411

Population

1,535

Households

2.2

Avg Household Size

43

Median Age

25%

College-Educated

97%

High-School Grad

94.0 sq mi

ZIP Area

36

Density / Sq Mi

$79,500

Median Household Income

$47,214

Median Earnings

$681

Median Rent

$181,000

Median Home Value

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

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Frequently Asked Questions

What type of property is this?

Industrial property - M-zoned space includes the option to combine the available bay with adjoining industrial area.

Where is this industrial property located?

The property is located at 21035 240th Street #Bay #2 Grundy Center, IA.

What are key features of this property?

This property features: 40,000 SF bay available in an industrial building; Adjacent space can be combined for up to 80,000 SF; M zoning