Building Details

Tenancy Multi

Listing Agency: EXIT Realty Midwest t***@gmail.com Show Phone

Listed By: Ty Kilgore · License #S69225 Show Phone

Source: Exprealty

Added: Sep 16, 2025 Changed: Aug 30 Last Checked: Aug 30 at 8:57AM

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Investment Insights

Based on property information with market context.

This office building is configured in two distinct halves. One side is occupied by a long-term tenant, while the other is available as open office space with one office and two bathrooms. The available portion has new electrical, plumbing, and HVAC systems, providing a recently updated infrastructure package for continued office use.

The property includes an on-site parking lot and is positioned one block south of Central Avenue at 703 1st Ave S in Estherville, Iowa. Its location provides direct access to a central commercial corridor while the split layout supports both existing tenancy and additional occupancy within the same building.

Key Highlights

• Two‑part office building with one half leased to a long‑term tenant
• Available half includes open space, one office, and two bathrooms
• New electrical, plumbing, and HVAC in the open portion

Property Analytics

Property Profile

Current Use

Sanderson Law Office Law Firm E'ville Fitness Gym & Fitness Center

Suggested Use

Top Pick Real Estate Agency Dental Office Big Box & Wholesale Store Law Firm Parking Lot & Garage Building Supply

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

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

386

Businesses Nearby

Explore this area Business Placement

Demographics for 51334, IA

7,105

Population

3,265

Households

2.2

Avg Household Size

41

Median Age

15%

College-Educated

85%

High-School Grad

186.2 sq mi

ZIP Area

38

Density / Sq Mi

$61,151

Median Household Income

$35,028

Median Earnings

$743

Median Rent

$104,900

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

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Frequently Asked Questions

What type of property is this?

Office building - Partially leased office property with an open half featuring updated electrical, plumbing, and HVAC systems.

Where is this office building located?

The property is located at 703 1st Ave S Estherville, IA.

What is the asking price?

The asking price for this property is $289,000.

What are key features of this property?

This property features: Two‑part office building with one half leased to a long‑term tenant; Available half includes open space, one office, and two bathrooms; New electrical, plumbing, and HVAC in the open portion