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Convenience Store with Car Wash
For Sale
$450,000

400 N Central Avenue, Allerton, IA 50008

Commercial Sale, Allerton, IA

Property Size5,406 SF
Lot Size0.88 Acres
Price / SF$83.24
Days on Market11

Property Features for 400 N Central Avenue

General Information

Property type Commercial Sale
Property subtype Other
Subdivision AL ALLERTON 1ST ADD
Directions Located on West Main Street.
Standard status Active
APN 10030H484004
Lot size 0.88 Acres

Automotive

Automotive Uses car wash
Convenience Store No

Additional Details

Real Estate Included Yes

Taxes and HOA fees

Tax Year 2025
Tax Description ORIG ALL 1,2,11,&12 BLK 27
Tax Annual Amount 2972
Legal Description ORIG ALL 1,2,11,&12 BLK 27

Utilities

Heating system Forced Air
Cooling system Central Air
Water source Public

Amenities

kitchen
dining booths
service counter
cooler doors

Building Details

Year built 1994
Number of units 1
Building materials Metal Siding
Buildings 2
Listing Agency: United Country Gilworth Real Estate & Auction
Listed By: Cedric Gilworth
Added: Oct 20 Changed: Oct 30 Last Checked: Oct 30 at 2:06PM
MLS# 6344161

Copyright © 2026 NoCoast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

At 400 N Central Avenue in Allerton, this 0.88-acre property includes two metal buildings totaling 5,406 square feet. Constructed in 1994, the buildings have metal siding and roofing, slab foundations, forced-air natural gas heat, central air, and city water and sewer. The former convenience store area contains a kitchen, dining booths, a service counter, and cooler doors; the car wash includes an 8-foot-8-inch drive-through bay. The property also previously housed a laundromat and hair stylist shop.

The buildings have been closed for about a year, and utilities are off, so the operating condition of building systems and equipment has not been established. Equipment, fixtures, and contents are included in the sale. Fuel tanks are subject to an Iowa DNR delivery prohibition, and their status should be verified. The property is approximately 24 miles from Leon and 51 miles from I-35 at Osceola, with Des Moines about 1.5 hours away.

Key Highlights

  • Two metal buildings totaling 5,406 square feet on a 0.88‑acre corner lot
  • Former convenience store, car wash, laundromat, and hair stylist shop
  • Car wash includes an 8'8" drive‑through bay

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Grocery and convenience stores

Suggested Use

Top Pick Building Supply Storage Facility Big Box & Wholesale Store Pharmacy Hair Salon Grocery & Convenience Store

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
Utilities to site

Location Intelligence

Trade Area within ½ mile

34
Businesses Nearby
Well-served
Demand for This Use

Demographics for 50008, IA

809
Population
355
Households
2.3
Avg Household Size
43
Median Age
18%
College-Educated
100%
High-School Grad
87.1 sq mi
ZIP Area
9
Density / Sq Mi
$77,083
Median Household Income
$38,750
Median Earnings
$583
Median Rent
$122,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Grocery and convenience store - Two metal buildings combine former convenience retail, vehicle washing, laundry, and salon space on a corner parcel.
Where is this grocery and convenience store located?
The property is located at 400 N Central Avenue Allerton, IA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two metal buildings totaling 5,406 square feet on a 0.88‑acre corner lot; Former convenience store, car wash, laundromat, and hair stylist shop; Car wash includes an 8'8" drive‑through bay
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