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Multi-Building Auto Shop Complex
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For Sale
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503 1st Avenue North, Altoona, IA 50009

The improvements include dedicated areas for repair, truck service, painting, blasting, washing, and administration.

Property SizeContact for details
Days on Market4

Property Features for 503 1st Avenue North

General Information

Standard status Active
Property subtype Industrial

Amenities

3 Paint Booths
Infrared Heat
3 Offices
Breakroom
Training room
Frame Stretcher
Alignment Machine
reception area
conference room
locker room
kitchen

Building Details

Buildings 6
Listing Agency:
Listed By: Harrison Kruse · License #IA S63825000
Source: Cbre
Added: Aug 13 Changed: Aug 15 Last Checked: Aug 16 at 5:50AM

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 Harrison Kruse

Investment Insights

Based on property information with market context.

This automotive property at 503 1st Avenue North includes several purpose-built structures totaling a broad range of service and support areas. The 21,080-SF main building has 21'–25' clear heights, 3 paint booths, infrared heat, 3 offices, a breakroom, and a training room. A separate 10,000-SF building contains 9 overhead doors measuring 12' x 14' each for truck servicing.

The 8,000-SF mechanic building includes a cube-area office layout, reception, conference room, locker room, kitchen, frame stretcher, alignment machine, and 15'–18' clear height from the beam. Additional improvements include a 6,500-SF sand blasting building, a 6,120-SF out building, and a 1,500-SF wash bay building. Overhead door configurations vary across the buildings, including 12' x 14' and 9' x 10' openings.

Key Highlights

  • 21,080 SF main building with 21'–25' clear height and 3 paint booths
  • 10,000 SF truck servicing building with (9) 12' x 14' OHD
  • 8,000 SF mechanic building with frame stretcher and alignment machine

Property Analytics

Current Use

Auto shops

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

131
Businesses Nearby
Well-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
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Similar Off Market Nearby

  • Majestic Truck Services (A Merx TT Subsidiary) 503 1st Ave N, Altoona, IA 50009
  • Stroom Honda 1000 Commerce Pkwy SW Suite 201, Bondurant, IA 50035
  • L J's Paintin Place Altoona, IA 50009
  • Altoona Auto Body 501 1st Ave N, Altoona, IA 50009
  • Grizzly's Motor Worx 102 2nd Ave SE, Altoona, IA 50009

Frequently Asked Questions

What type of property is this?
Auto shop - The improvements include dedicated areas for repair, truck service, painting, blasting, washing, and administration.
Where is this auto shop located?
The property is located at 503 1st Avenue North Altoona, IA.
What are key features of this property?
This property features: 21,080 SF main building with 21'–25' clear height and 3 paint booths; 10,000 SF truck servicing building with (9) 12' x 14' OHD; 8,000 SF mechanic building with frame stretcher and alignment machine
More about this property
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