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Two-Bay Flex Building
For Lease
$899,000

42 Spruce Street, Tipton, IA 52772

Accessible commercial facility with offices, production bays, loft storage, and multiple support areas.

Space SizeContact for details
Days on Market377

Property Features for 42 Spruce Street

General Information

Standard status Active
Lease Term []

Building Details

Year Built 2013
Listing Agency: RE/MAX AFFILIATES
Listed By: Kimberly Bockenstedt
Source: Cbhrealty
Added: Aug 19, 2025 Changed: Aug 30 Last Checked: Aug 26 at 1:03PM

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 RE/MAX AFFILIATES

Investment Insights

Based on property information with market context.

This flex property combines a welcoming front lobby with two offices and a concession or break-room area. Beyond the lobby, the building provides two large work bays, two additional offices with access to both bays, and a 24 x 100-foot open loft. The layout supports a range of commercial, industrial, and warehouse functions.

Building features include 24 x 16-foot doors, 24-foot ceiling fans, an exhaust fan system, radiant heat, forced-air AC in all four offices, and 3-phase power. Wheelchair access is provided throughout the facility. The property is located approximately 10 miles from I-80 and 28 miles from Iowa City, with access from Spruce Street in Tipton.

Key Highlights

  • Two large work bays with access from two additional offices
  • 24 x 100‑foot open loft for storage or workspace
  • 24 x 16‑foot doors and 24‑foot ceiling fans

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

NNN (Triple Net)
Lease Type

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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Flex space - Accessible commercial facility with offices, production bays, loft storage, and multiple support areas.
Where is this flex space located?
The property is located at 42 Spruce Street Tipton, IA.
What is the lease rate?
The lease rate is $899,000.
What are key features of this property?
This property features: Two large work bays with access from two additional offices; 24 x 100‑foot open loft for storage or workspace; 24 x 16‑foot doors and 24‑foot ceiling fans
More about this property
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