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Five-Office Building with Reception
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 Market94

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
Added: Jul 17 Changed: Oct 14 Last Checked: Oct 18 at 3:06PM
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.

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Investment Insights

Based on property information with market context.

This 1971 office building contains five separate offices, a waiting room, reception area, file storage, and a utility room. Four offices have sinks; another includes a three-quarter bathroom with a shower. One office also has built-in changing rooms and storage. The reception area features built-in storage and file cabinets, while a sliding window connects it to the check-in desk. Heating is hot water, cooling is central air, and the plumbing has been updated to PEX.

The property occupies 0.09 acres at 605 Ontario St in Storm Lake, near downtown. An adjacent lot accommodates 5–6 cars, with additional street parking available.

Key Highlights

  • Five separate offices; four include sinks, and one has a three‑quarter bathroom with a shower
  • Adjacent parking lot accommodates 5–6 cars; additional street parking is available
  • 0.09‑acre property at 605 Ontario St, near downtown Storm Lake

Property Analytics

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Current Use

Office buildings

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.

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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

Frequently Asked Questions

What type of property is this?
Office building - Client-facing areas include a waiting room, reception desk, and nearby restroom.
Where is this office building 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; four include sinks, and one has a three‑quarter bathroom with a shower; Adjacent parking lot accommodates 5–6 cars; additional street parking is available; 0.09‑acre property at 605 Ontario St, near downtown Storm Lake
More about this property
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