Building Details

Year Built 1963

Listing Agency: Integrity Real Estate

Listed By: Ryan Moran · License #8325 Show Phone

Source: Integrityiowa

Added: Sep 5 Changed: Oct 16 Last Checked: Oct 20 at 5:53PM

Report an Issue

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 Integrity Real Estate

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

Built in 1963, this flexible commercial property combines heated storage, cold storage, loading areas, and multiple office spaces within one facility. The configuration supports businesses requiring both workspace and substantial storage capacity, with separate areas for office and operational functions.

The property occupies a highly visible corner lot at 216 E Milwaukee Street in Spencer, Iowa, with convenient access just off Highway 71. Multiple loading docks support the movement of goods, while the combination of office, heated storage, and cold storage provides a practical foundation for a range of commercial operations.

Key Highlights

• Flexible commercial property with heated and cold storage
• Multiple loading docks support goods movement
• Multiple office spaces within the facility

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Brew Oil LLC ... Grocery & Convenience Store Dyno Oil Co., ... Grocery & Convenience Store Pcp-Agri 16 Big Box & Wholesale Store

Suggested Use

Top Pick Real Estate Agency Restaurant Building Supply Law Firm Big Box & Wholesale Store Storage Facility

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

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

816

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 51301, IA

12,606

Population

6,096

Households

2.1

Avg Household Size

43

Median Age

28%

College-Educated

95%

High-School Grad

157.7 sq mi

ZIP Area

80

Density / Sq Mi

$61,175

Median Household Income

$38,961

Median Earnings

$796

Median Rent

$180,400

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Similar For Sale Nearby

See more

Mixed-Use Property with Private Parking

2 N Grand Ave, Spencer, IA 51301

$369,900

View details

Cold-Storage Flex Space

2502 Hwy Boulevard, Spencer, IA 51301

$429,500

View details

Mixed-Use Property with Flexible Layout

603 S Grand Ave, Spencer, IA 51301

$199,000

6,000 SF

View details

Two-Bedroom Ranch Townhome

1614 W 11th St., Spencer, IA 51301

$269,900

1,223 SF

View details

Multi-Office Commercial Building

1713 Mcnaughton Way, Spencer, IA 51301

$405,000

3,172 SF

View details

Duplex With Full Basement

429 & 431 4th Avenue, Spencer, IA 51301

$175,000

1,632 SF

View details

Triplex with Basement

807 4th Avenue, Spencer, IA 51301

$63,000

0.18 Acres

View details

Similar Off Market Nearby

• Hy-Vee Catering — 819 Grand Ave, Spencer, IA 51301

Frequently Asked Questions

What type of property is this?

Flex space - Versatile commercial facility with heated and cold storage plus multiple office areas.

Where is this flex space located?

The property is located at 216 E Milwaukee Street Spencer, IA.

What is the asking price?

The asking price for this property is $324,900.

What are key features of this property?

This property features: Flexible commercial property with heated and cold storage; Multiple loading docks support goods movement; Multiple office spaces within the facility