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Office Units with Open Workspace
New
For Lease
$1,100/Mo

403 W 1st Street, Independence, IA 50644

COMMERCIAL - Independence, IA

Space SizeContact for details
Lot Size0.03 Acres
Days on Market7

Property Features for 403 W 1st Street

General Information

Property type Commercial Lease
Property subtype Office
Zoning C
Lot features Close to Shopping
Directions Next to Berkshire Hathaway Home Services One Realty Centre & Twisted Energy
Standard status Active
APN 0081004252006
Lot size 0.03 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description S&M 2ND N 1/2 LOTS 1 & 2; E 1/2 OF n 1/2 LOT 3 BLK 4 (SEE ABSTRACT FOR COMPLETE LEGAL DESCRIPTION)
Tax Annual Amount 2956
Legal Description S&M 2ND N 1/2 LOTS 1 & 2; E 1/2 OF n 1/2 LOT 3 BLK 4 (SEE ABSTRACT FOR COMPLETE LEGAL DESCRIPTION)

Utilities

Utilities Water Available
Sewer type Public Sewer
Heating system Natural Gas, Forced Air
Cooling system Central Air

Amenities

Lobby Area
Break Room
Large Open Work Space
Full Basement

Building Details

Year built 1945
Flooring type Wood
Building materials Brick
Roof type Wood, Metal
Listing Agency: Berkshire Hathaway Home Services One Realty Centre · Berkshire Hathaway HomeServices
Listed By: Jason Strelow · License #B37568
Added: Aug 4 Changed: Aug 8 Last Checked: Aug 10 at 6:06AM
MLS# 20263616

Copyright © 2026 Northeast Iowa Regional Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This office property offers a practical combination of private and shared areas, with two enclosed offices, a lobby, break room, and a large open work area. A full basement adds storage capacity, while wood flooring, central air, forced-air natural gas heating, and brick construction provide established building features. The property was built in 1945.

Positioned on a corner lot along the town’s main thoroughfare, the property offers visibility and convenient access. Available parking accommodates clients and staff, and water service and public sewer are in place. The space is available immediately and is zoned C.

Key Highlights

  • Two private offices plus a lobby, break room, and large open work area
  • Full basement provides additional storage space
  • Corner‑lot position on the town’s main thoroughfare

Property Analytics

Current Use

Brown-Lane Insurance Insurance Agency

Suggested Use

Top Pick Real Estate Agency Dental Office Electrical Service HVAC Service Pharmacy Building Supply

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

399
Businesses Nearby

Demographics for 50644, IA

8,795
Population
3,921
Households
2.2
Avg Household Size
42
Median Age
24%
College-Educated
96%
High-School Grad
145.0 sq mi
ZIP Area
61
Density / Sq Mi
$79,861
Median Household Income
$41,689
Median Earnings
$770
Median Rent
$174,000
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
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Flexible layout includes private offices, lobby space, employee break area, basement storage, and available parking.
Where is this office units located?
The property is located at 403 W 1st Street Independence, IA.
What is the lease rate?
The lease rate is $1,100/Mo.
What are key features of this property?
This property features: Two private offices plus a lobby, break room, and large open work area; Full basement provides additional storage space; Corner‑lot position on the town’s main thoroughfare
More about this property
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