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Multi-Use Commercial Flex Building
For Sale
$899,000

42 Spruce St, Tipton, IA 52772

Multi-purpose commercial building with large warehouse bays, vaulted ceilings, multiple offices, and wheelchair accessibility.

Property Size23,697 SF
Price / SF$37.94
Days on Market215

Property Features for 42 Spruce St

General Information

Standard status Active
Size 23,697 SF
Property subtype Commercial
Zoning Commercial

Warehouse & Industrial

Clear Height 26 ft
Heavy Power Yes

Taxes and HOA fees

Annual Taxes $24,988

Amenities

ConcreteSlabGrade
240 x 281 x 238 x 280
1.26
CountyRoad,Paved

Building Details

Year Built 2013
Listing Agency: GLD Commercial Real Estate Advisors
Listed By: Z Maryland
Source: Pinnaclerealtyia
Added: Feb 2 Changed: Sep 4 Last Checked: Sep 5 at 5:21AM

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 GLD Commercial Real Estate Advisors

Investment Insights

Based on property information with market context.

A multi-purpose commercial flex building featuring a large front entry lobby with 10-foot ceilings, two offices, and a break room area with a sink. From the lobby, glass doors lead into a grand workspace designed around two large bays, each approximately 100 feet by 178 feet, with vaulted pitched ceilings ranging from 26 feet down to 22 feet. The property includes 24-by-16 doors, 24-foot ceiling fans, an exhaust fan system, and an open loft area approximately 24 feet by 100 feet. Additional offices provide entry to both bays, and the building offers forced air AC in all four offices along with radiant heat and 3-phase power sources. Wheelchair accessibility is noted.

The building is located about 10 miles off I-80 and approximately 28 miles from Iowa City. Additional building details are available in the feature list in the associated documents, and a virtual tour is referenced in the remarks.

All measurements are approximate, and the offering is described as available for purchase or lease, with the full inventory of features detailed in the feature list.

Key Highlights

  • 54,600 sq ft multi‑purpose commercial building with wheelchair accessibility
  • 2013 construction with large front entry lobby and 10 ft ceilings
  • Two large warehouse bays (100' x 178') plus a 24 x 100' open loft

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Skin Care Clinic Bakery Garden Center

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

26 ft
Clear height
Yes
Heavy power

Location Intelligence

Trade Area within ½ mile

366
Businesses Nearby
Under-served
Demand for This Use

Demographics for 52772, IA

5,129
Population
2,334
Households
2.2
Avg Household Size
45
Median Age
20%
College-Educated
95%
High-School Grad
130.2 sq mi
ZIP Area
39
Density / Sq Mi
$80,997
Median Household Income
$49,820
Median Earnings
$812
Median Rent
$213,600
Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Flex space - Multi-purpose commercial building with large warehouse bays, vaulted ceilings, multiple offices, and wheelchair accessibility.
Where is this flex space located?
The property is located at 42 Spruce St Tipton, IA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 54,600 sq ft multi‑purpose commercial building with wheelchair accessibility; 2013 construction with large front entry lobby and 10 ft ceilings; Two large warehouse bays (100' x 178') plus a 24 x 100' open loft
More about this property
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