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Flex Space with Loading Docks
New
For Sale
$324,900

216 E Milwaukee Street, Spencer, IA 51301

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

Property SizeContact for details
Days on Market2

Property Features for 216 E Milwaukee Street

General Information

Standard status Active
Property subtype Commercial

Additional Details

Highway Access Yes
Cold Storage Yes

Building Details

Year Built 1963
Listing Agency: Integrity Real Estate
Listed By: Ryan Moran · License #8325
Source: Integrityiowa
Added: Sep 5 Last Checked: Sep 5 at 2:53PM

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

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

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

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
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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
More about this property
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