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L-Shaped Office Building
For Sale
$54,900

706 Iowa Avenue, Onawa, IA 51040

Commercial, Onawa, IA

Property SizeContact for details
Lot Size0.05 Acres
Days on Market227

Property Features for 706 Iowa Avenue

General Information

Property type Commercial Sale
Property subtype Other
Elementary school West Monona
Middle school West Monona
High school West Monona
Directions GPS
Subdivision Surrounding Areas/Other Areas
Standard status Active
APN 834504325054
Lot size 0.05 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description LOT 16 BLK 63
Tax Annual Amount 344
Legal Description LOT 16 BLK 63

Utilities

Cooling system Central Air

Building Details

Year built 1926
Listing Agency: Keller Williams Siouxland · Keller Williams Realty
Listed By: Aaron Bircher · License #B62613
Added: Jan 28 Changed: Sep 9 Last Checked: Sep 12 at 3:06AM
MLS# 831637

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.

Built in 1926, this office building offers a practical layout for a range of professional uses. Entry is through a foyer into an L-shaped primary area with a street-facing window that brings natural light into the space. The property also includes a conference room, two half baths, a utility room with storage, and a vault suited for additional records or equipment storage.

A private rear entrance connects the building to a graveled parking area. The property occupies two lots and is positioned across from the library, with frontage along Iowa Avenue. Central air conditioning serves the building.

Key Highlights

  • 1926 office building on two lots
  • L‑shaped main area supports flexible floor planning
  • Conference room plus two half baths

Property Analytics

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Current Use

Office buildings

Suggested Use

Top Pick Real Estate Agency Plumbing Service Kitchen & Bath Showroom Bakery Dental Office Law Firm

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

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

297
Businesses Nearby

Demographics for 51040, IA

3,537
Population
1,677
Households
2.1
Avg Household Size
43
Median Age
18%
College-Educated
94%
High-School Grad
129.5 sq mi
ZIP Area
27
Density / Sq Mi
$60,642
Median Household Income
$38,628
Median Earnings
$828
Median Rent
$140,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 - Flexible office layout with conference space, storage, central air, and rear access to gravel parking.
Where is this office building located?
The property is located at 706 Iowa Avenue Onawa, IA.
What is the asking price?
The asking price for this property is $54,900.
What are key features of this property?
This property features: 1926 office building on two lots; L‑shaped main area supports flexible floor planning; Conference room plus two half baths
More about this property
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