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Mixed-Use Building with Apartments
New
For Sale
$385,000

312 & 316 N 12th Street, Centerville, IA 52544

Main-level commercial space is paired with seven apartments in the upper portion of the building.

Property Size22,560 SF
Price / SF$17.07
Days on Market4

Property Features for 312 & 316 N 12th Street

General Information

Standard status Active
Size 22,560 SF
Property subtype Commercial
Zoning Business/Commercial

Additional Details

Multifamily Units 7

Taxes and HOA fees

Annual Taxes $9,216

Building Details

Building Size 22,560 SF
Year Built 1890
Units 8
Listing Agency: Hometown Realty
Listed By: Olivia Furlin
Source: Sweeneyrealestate
Added: Aug 10 Changed: Aug 13 Last Checked: Aug 13 at 2:30AM

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 Hometown Realty

Investment Insights

Based on property information with market context.

Built in 1890, this mixed-use property combines approximately 15,040 sq. ft. of building area with distinct commercial and residential components. The main level contains 7,520 sq. ft. of commercial space, while seven apartments are located above. The commercial area was formerly occupied by an appliance store and may accommodate retail, office, service, or other business uses supported by the existing layout.

The property is located at 312 & 316 N 12th Street on the historic Centerville Square in Centerville, Iowa. Business/Commercial zoning supports the property’s mixed-use positioning and brings commercial and residential space together within one building.

Key Highlights

  • Approximately 15,040 sq. ft. mixed‑use building
  • 7,520 sq. ft. of main‑level commercial space
  • Seven apartments situated above the commercial area

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick HVAC Service Electrical Service Bakery Plumbing Service Grocery & Convenience Store Veterinary Clinic

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

7
Residential units

Location Intelligence

Trade Area within ½ mile

502
Businesses Nearby

Demographics for 52544, IA

7,481
Population
4,096
Households
1.8
Avg Household Size
44
Median Age
19%
College-Educated
88%
High-School Grad
138.3 sq mi
ZIP Area
54
Density / Sq Mi
$45,257
Median Household Income
$36,792
Median Earnings
$779
Median Rent
$114,100
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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Frequently Asked Questions

What type of property is this?
Mixed-use property - Main-level commercial space is paired with seven apartments in the upper portion of the building.
Where is this mixed-use property located?
The property is located at 312 & 316 N 12th Street Centerville, IA.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Approximately 15,040 sq. ft. mixed‑use building; 7,520 sq. ft. of main‑level commercial space; Seven apartments situated above the commercial area
More about this property
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