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Four-Story Mixed-Use Building
For Sale
Contact for pricing
Pending

404 8th St SW & 415 Center Place, Altoona, IA 50009

Ground-floor commercial space sits within a mixed-use development near grocery, civic, and recreational amenities.

Property SizeContact for details
Days on Market144

Property Features for 404 8th St SW & 415 Center Place

General Information

Standard status Pending
Property subtype Retail

Building Details

Buildings 1
Stories 4
Tenancy Multi
Listing Agency: CBRE - Des Moines
Listed By: Mike Macri III, CCIM, MRED, CRE · License #IA S42743000
Source: Crexi
Added: Apr 10 Changed: Aug 31 Last Checked: Aug 31 at 12:19AM

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 CBRE - Des Moines

Investment Insights

Based on property information with market context.

This four-story mixed-use property combines apartments with ground-floor commercial space. The first level is configured for retail, office, and service-oriented occupants, creating a range of commercial formats within the building. Shared parking and street parking serve residents, businesses, and visitors.

The property is located at 404 8th St SW and 415 Center Place in Altoona, Iowa. It is adjacent to an Altoona Hy-Vee grocery store and Prairie Heritage Civic Plaza, with the Altoona YMCA nearby. The surrounding arrangement supports pedestrian movement between residential, commercial, civic, grocery, and recreational destinations.

Key Highlights

  • Four‑story building combining apartments with ground‑floor commercial space
  • First‑floor configuration supports retail, office, and service providers
  • Adjacent to Altoona Hy‑Vee grocery store

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Law Firm Restaurant Building Supply Spa & Massage Center Accounting Firm Nail Salon

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

484
Businesses Nearby
122k
Monthly Visits Nearby

Foot Traffic Nearby

Groceries 43% Shops & Services 32% Dining 20% Beauty & Spa 2%
Hy-Vee Groceries
52,424 visits/mo 0.2 miles
Pet Supplies Plus Shops & Services
9,549 visits/mo 0.4 miles
Altoona #1 Shops & Services
7,349 visits/mo 0.2 miles
Scooter's Coffee Dining
7,031 visits/mo 0.3 miles
Jimmy John's Dining
6,636 visits/mo 0.2 miles

Demographics for 50009, IA

21,230
Population
8,829
Households
2.4
Avg Household Size
37
Median Age
33%
College-Educated
96%
High-School Grad
27.9 sq mi
ZIP Area
761
Density / Sq Mi
$90,393
Median Household Income
$52,227
Median Earnings
$1,201
Median Rent
$261,800
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

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

What type of property is this?
Mixed-use property - Ground-floor commercial space sits within a mixed-use development near grocery, civic, and recreational amenities.
Where is this mixed-use property located?
The property is located at 404 8th St SW & 415 Center Place Altoona, IA.
What are key features of this property?
This property features: Four‑story building combining apartments with ground‑floor commercial space; First‑floor configuration supports retail, office, and service providers; Adjacent to Altoona Hy‑Vee grocery store
More about this property
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