Mixed-Use Property with Multiple
For Sale
$850,000
5047 HWY 3, Cherokee, IA 51012
Commercial, Cherokee, IA
Property SizeContact for details
Lot Size7.42 Acres
Days on Market46
Property Features for 5047 HWY 3
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Elementary school
Cherokee
Middle school
Cherokee
High school
Cherokee
Directions
Gps is accurate.
Subdivision
Surrounding Areas/Other Areas
Standard status
Active
APN
190716201002000
Lot size
7.42 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
S 7.42A BETWEEN HWY 3 & CO RD W1/2 NE 979A Actual Per Abstract
Tax Annual Amount
10016
Legal Description
S 7.42A BETWEEN HWY 3 & CO RD W1/2 NE 979A Actual Per Abstract
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1977
Roof type
Metal
Listing Agency:
Gustafson Realty
(712) 225-4388
Listed By:
Mike Pitts · License #S43135
(712) 229-3669
Added: Aug 14
Changed: Sep 23
Last Checked: Sep 28 at 3:06AM
MLS# 834247
Copyright © 2026 Northwest Iowa Regional Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial property at 5047 HWY 3 in Cherokee, Iowa, includes several functional buildings across a 7.42-acre site. The primary structure combines 5,514 square feet of office area with as many as 8 offices and a 5,920-square-foot shop. The shop includes 5 overhead doors measuring 12W x 14T, a secured parts area with an upper mezzanine, and a crew room or office. Heating is provided by forced air, with central air conditioning in the property.
Additional improvements include a 4,992-square-foot uninsulated pole warehouse with a concrete floor and overhead doors at both ends, plus a 1,560-square-foot insulated and heated garage with 3 overhead doors. The fenced equipment and laydown yard uses 6-foot chain-link fencing topped with 3 strands of barbed wire. Commercial zoning, metal roofing, and nearly 1,360 feet of highway 3 frontage support a range of business, storage, and operational configurations.
Additional improvements include a 4,992-square-foot uninsulated pole warehouse with a concrete floor and overhead doors at both ends, plus a 1,560-square-foot insulated and heated garage with 3 overhead doors. The fenced equipment and laydown yard uses 6-foot chain-link fencing topped with 3 strands of barbed wire. Commercial zoning, metal roofing, and nearly 1,360 feet of highway 3 frontage support a range of business, storage, and operational configurations.
Key Highlights
- 7.42‑acre commercial property at 5047 HWY 3 in Cherokee, IA
- 5,514‑square‑foot office area with up to 8 offices
- 5,920‑square‑foot shop with 5 overhead doors measuring 12W x 14T
Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
Explore this area
Business Placement
Demographics for 51012, IA
6,592
Population
2,889
Households
2.3
Avg Household Size
46
Median Age
20%
College-Educated
93%
High-School Grad
147.7 sq mi
ZIP Area
45
Density / Sq Mi
$56,964
Median Household Income
$33,141
Median Earnings
$725
Median Rent
$127,900
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial property includes office, shop, warehouse, and heated garage improvements.
Where is this mixed-use property located?
The property is located at 5047 HWY 3 Cherokee, IA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 7.42‑acre commercial property at 5047 HWY 3 in Cherokee, IA; 5,514‑square‑foot office area with up to 8 offices; 5,920‑square‑foot shop with 5 overhead doors measuring 12W x 14T
