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Industrial Flex Building
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503 1st Ave N, Altoona, IA 50009

M-1-zoned commercial facility with a former heavy-duty truck service layout and adaptable industrial workspace.

Property Size53,200 SF
Days on Market13

Property Features for 503 1st Ave N

General Information

Standard status Active
Size 53,200 SF
Class B
Total Parking Spaces 50
Property subtype Industrial
Zoning M-1

Building Details

Year Built 1989
Buildings 6
Abandoned No
Listing Agency: CBRE - Des Moines
Listed By: Harrison Kruse · License #IA S63825000
Source: Crexi
Added: Aug 11 Changed: Aug 21 Last Checked: Aug 21 at 5:45AM

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 53,200-square-foot flex property was built in 1989 and previously operated as a semi-truck repair facility. Its industrial configuration combines workspace and storage capacity, supporting the practical needs of businesses requiring a work-oriented commercial building.

The property is zoned M-1 and located at 503 1st Ave N in Altoona, Iowa. Its prior heavy-duty vehicle service use provides relevant context for industrial and automotive operations, while the flex format can accommodate a range of workspace and storage arrangements.

Key Highlights

  • 53,200‑square‑foot industrial flex property
  • M‑1 zoning
  • Built in 1989

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Restaurant Building Supply Big Box & Wholesale Store Law Firm Auto Parts Store Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

238
Businesses Nearby
Under-served
Demand for This Use

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 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 - M-1-zoned commercial facility with a former heavy-duty truck service layout and adaptable industrial workspace.
Where is this flex space located?
The property is located at 503 1st Ave N Altoona, IA.
What are key features of this property?
This property features: 53,200‑square‑foot industrial flex property; M‑1 zoning; Built in 1989
(515) 371-0499 Call to check price and availability
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