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Industrial Warehouse Bay
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21035 240th Street, Grundy Center, IA 50638

Large warehouse bay for sale in a sizable industrial building, with tenant-paid electric utilities.

Property Size80,000 SF
Days on Market243

Property Features for 21035 240th Street

General Information

Standard status Active
Size 80,000 SF
Property subtype Commercial
Zoning M
Lease Type Gross

Taxes and HOA fees

Annual Taxes $44,410

Amenities

Concrete
38.11
80000

Building Details

Building Size 80,000 SF
Year Built 1973
Stories 1
Listing Agency: Q4 Real Estate
Listed By: Star Horak
Source: Pinnaclerealtyia
Added: Dec 23, 2025 Changed: Aug 23 Last Checked: Aug 23 at 2:44AM

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 Q4 Real Estate

Investment Insights

Based on property information with market context.

This offering provides a 40,000-square-foot industrial warehouse bay within a larger industrial building. The space is located on a large lot, offering a straightforward setup for industrial operations that require warehouse storage and practical day-to-day utility.

The property is positioned at 21035 240th Street in Grundy Center, Iowa, and is described as being just minutes away from Waterloo/Cedar Falls. Access is through the property’s large-lot setting, supporting on-site movement and accommodating tenants looking for straightforward industrial premises.

The space is available for purchase, with electricity handled by the tenant. The published rent structure indicates $2.99 per square foot for the first six months and $3.25 per square foot thereafter, with additional electric utility responsibility assigned to the occupant. This makes the bay best suited for users who can plan for power costs while operating from a larger industrial building with room for warehouse-focused needs.

Key Highlights

  • Up to 40,000 SF warehouse bay available in a large industrial building
  • 38.11‑acre property with total building area of 80,000 SF
  • Building was built in 1973

Property Analytics

Current Use

Best Veneer Company Building Supply

Location Intelligence

Trade Area within ½ mile

1
Businesses Nearby
Well-served
Demand for This Use

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?
Warehouse - Large warehouse bay for sale in a sizable industrial building, with tenant-paid electric utilities.
Where is this warehouse located?
The property is located at 21035 240th Street Grundy Center, IA.
What are key features of this property?
This property features: Up to 40,000 SF warehouse bay available in a large industrial building; 38.11‑acre property with total building area of 80,000 SF; Building was built in 1973
More about this property
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