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Multi-Office Building with Parking
For Sale
$149,900

605 ONTARIO ST, Storm Lake, IA 50588

Commercial, Storm Lake, IA

Property SizeContact for details
Lot Size0.09 Acres
Days on Market48

Property Features for 605 ONTARIO ST

General Information

Property type Commercial Sale
Property subtype Other
Subdivision Surrounding Areas/Other Areas
Standard status Active
APN 19021-14-03-135-005
Lot size 0.09 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description as stated in the abstract: Parcel ID: 1403135005
Tax Annual Amount 3775
Legal Description as stated in the abstract: Parcel ID: 1403135005

Utilities

Heating system Hot Water(Heating)
Cooling system Central Air

Building Details

Year built 1971
Roof type Shingle
Listing Agency: Compass Real Estate of NW IA
Listed By: Bob Bauer · License #S61309
Added: Jul 17 Changed: Aug 27 Last Checked: Sep 2 at 4:06PM
MLS# 833865

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 office building offers a reception-oriented layout with a vestibule, a spacious waiting room, a receptionist service window, built-in storage, file cabinets, and a separate storage room. Five individual offices provide flexible room configuration; four include sinks, while one has a three-quarter bathroom with a shower. Another office includes built-in changing rooms, storage, and a wall-mounted TV. A nearby bathroom serves the waiting area.

The property occupies 0.09 acres and includes an adjacent parking lot accommodating 5–6 cars, along with available street parking. Updated PEX plumbing, a utility room with the boiler and hot water heater, and a crawl space support the building’s infrastructure. The property was built in 1971 and features hot water heating, central air, and a shingle roof.

Key Highlights

  • Five separate offices, including four rooms with sinks
  • Private adjacent parking lot accommodates 5–6 cars
  • Waiting room features abundant natural light and a panoramic window

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Real Estate Agency HVAC Service Skin Care Clinic Barber Shop Electrical Service Grocery & Convenience Store

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

Lease Details

5
Office units

Location Intelligence

Trade Area within ½ mile

667
Businesses Nearby

Demographics for 50588, IA

13,331
Population
5,040
Households
2.6
Avg Household Size
33
Median Age
23%
College-Educated
75%
High-School Grad
138.8 sq mi
ZIP Area
96
Density / Sq Mi
$65,475
Median Household Income
$37,964
Median Earnings
$836
Median Rent
$178,800
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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Office property near downtown with private parking, client waiting areas, and multiple sink-equipped rooms.
Where is this office units located?
The property is located at 605 ONTARIO ST Storm Lake, IA.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: Five separate offices, including four rooms with sinks; Private adjacent parking lot accommodates 5–6 cars; Waiting room features abundant natural light and a panoramic window
More about this property
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