Mixed-Use Property with
For Sale
Contact for pricing
Pending
500 E Reed, Red Oak, IA 51566
Two-level commercial building includes a current three-bedroom apartment and flexible lower-level space.
Property SizeContact for details
Days on Market143
Property Features for 500 E Reed
General Information
Standard status
Pending
Property subtype
Office, Multifamily
Units
Unit Mix
1 x 3BR
Multifamily Units
1
Building Details
Buildings
1
Listing Agency:
Rubey Realty
(712) 542-0509
Listed By:
Sheryl Wederquist · License #IA S64465
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 3:29PM
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 Rubey Realty
Investment Insights
Based on property information with market context.
Located at 500 E Reed in Red Oak, Iowa, this two-level mixed-use building combines a current residential component with commercial space. The upper floor contains a three-bedroom apartment that can support occupancy or income use.
The property began as a single-family residence before conversion to commercial use. Its main level previously operated as a women’s clothing store, while the upper floor included sleeping rooms. The lower level is identified for potential office, residential, or storage use, providing additional configuration options within the existing building.
The property began as a single-family residence before conversion to commercial use. Its main level previously operated as a women’s clothing store, while the upper floor included sleeping rooms. The lower level is identified for potential office, residential, or storage use, providing additional configuration options within the existing building.
Key Highlights
- Current three‑bedroom apartment occupies the upper level
- Two‑level building converted from an original single‑family residence
- Lower level identified for potential office, apartment, or storage use
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
398
Businesses Nearby
Explore this area
Business Placement
Demographics for 51566, IA
6,772
Population
3,435
Households
2
Avg Household Size
44
Median Age
19%
College-Educated
91%
High-School Grad
176.4 sq mi
ZIP Area
38
Density / Sq Mi
$58,264
Median Household Income
$40,632
Median Earnings
$783
Median Rent
$116,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level commercial building includes a current three-bedroom apartment and flexible lower-level space.
Where is this mixed-use property located?
The property is located at 500 E Reed Red Oak, IA.
What are key features of this property?
This property features: Current three‑bedroom apartment occupies the upper level; Two‑level building converted from an original single‑family residence; Lower level identified for potential office, apartment, or storage use
