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323 N Grand Ave. and 8 West 4th Street, Spencer, IA, 51301
Recently Renovated Retail Office Building

323 N Grand Ave. and 8 West 4th Street Spencer, IA 51301

For Sale
Contact for pricing
Pending

Completely leased renovated historical building with three stable tenants and potential second-level residential conversion.

Days on Market104

Property Features for 323 N Grand Ave. and 8 West 4th Street

General Information

Standard status
Pending
Property subtype
Retail, Office
Listing Agency: Century 21 Signature Real Estate Ankeny
Listed By: George McGuire · License #IA
Source: Crexi
Added: Apr 11 Changed: Jul 23 Last Checked: Jul 23 at 10:01AM

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 Century 21 Signature Real Estate Ankeny


Investment Insights

Based on property information with market context.

This recently renovated historical building features an exterior restored to original neoclassical revival architecture and an interior updated to a contemporary loft feel. The property is completely leased with three stable tenants.

The building is located in the heart of Spencer’s Central Business District. A second level could be repurposed to accommodate 2–3 apartments, with parking and ample storage in the basement, subject to redevelopment.

Offered for sale, the asset combines current income with flexibility for a future change of use on the upper level.

Key Highlights

  • Recently renovated historical building with exterior restored to original neoclassical revival architecture
  • Interior updated to a contemporary loft feel
  • Completely leased with 3 stable tenants

Property Analytics

Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Parking Lot & Garage Daycare Center (Bike/Boat/Book/etc) Store Computer & Electronic Repair Garden Center (Bike/Boat/Book/etc) Store Storage Facility Catering Service Bakery Law Firm

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Retail space - Completely leased renovated historical building with three stable tenants and potential second-level residential conversion.
Where is this retail space located?
The property is located at 323 N Grand Ave. and 8 West 4th Street Spencer, IA.
What are key features of this property?
This property features: Recently renovated historical building with exterior restored to original neoclassical revival architecture; Interior updated to a contemporary loft feel; Completely leased with 3 stable tenants
More about this property
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