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Brick Office Building with Canopy
For Sale
Contact for pricing
Pending

507 W Main Street, New London, IA 52645

1991 brick construction provides a professional setting with a covered canopy and office-oriented interior.

Property Size1,512 SF
Lot Size1.06 Acres
Days on Market142

Property Features for 507 W Main Street

General Information

Standard status Pending
Size 1,512 SF
Lot size 1.06 Acres
Property subtype Office

Amenities

covered canopy

Building Details

Year Built 1991
Buildings 1
Building Size 1,512 SF
Construction brick
Listing Agency: Fraise Auction & Real Estate
Listed By: Dorann Huddleston · License #IA B43907000
Source: Crexi
Added: Apr 11 Changed: Aug 29 Last Checked: Aug 29 at 5:34PM

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 Fraise Auction & Real Estate

Investment Insights

Based on property information with market context.

This 1991 brick office building contains 1,512 square feet of interior space and features a covered canopy. The existing configuration is suited to office or professional-building use, while remodeling could support residential use as described in the property information.

The property at 507 W Main Street includes a 166' x 219' lot, plus a separate 60' x 166' lot positioned just south of a large concrete parking lot. Together, the parcels provide the building with additional surrounding land and access to established parking infrastructure.

Key Highlights

  • 1991 brick office building with covered canopy
  • 1,512 SF interior space
  • 166' x 219' primary lot

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Restaurant Law Firm HVAC Service Auto Repair Shop Storage Facility Kitchen & Bath Showroom

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

118
Businesses Nearby

Demographics for 52645, IA

3,211
Population
1,363
Households
2.4
Avg Household Size
44
Median Age
21%
College-Educated
95%
High-School Grad
70.4 sq mi
ZIP Area
46
Density / Sq Mi
$72,375
Median Household Income
$39,914
Median Earnings
$772
Median Rent
$135,000
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - 1991 brick construction provides a professional setting with a covered canopy and office-oriented interior.
Where is this office building located?
The property is located at 507 W Main Street New London, IA.
What are key features of this property?
This property features: 1991 brick office building with covered canopy; 1,512 SF interior space; 166' x 219' primary lot
More about this property
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