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Gas Station Property with Fuel Canopy
New
For Sale
$449,500

738 S Oak St, Iowa Falls, IA 50126

Commercial Sale, Iowa Falls, IA

Property SizeContact for details
Lot Size0.56 Acres
Days on Market1

Property Features for 738 S Oak St

General Information

Property type Commercial Sale
Property subtype Other
Zoning Business/Commercial
Directions located near the intersection of Highway 65/ South Oak St and Brooks Rd
Standard status Active
APN 892019300004
Lot size 0.56 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description COM W1/4 COR S533' POB NE192.53'SW184' SW192'N184' POB SEC19-T89N-R20W
Tax Annual Amount 7442
Legal Description COM W1/4 COR S533' POB NE192.53'SW184' SW192'N184' POB SEC19-T89N-R20W

Utilities

Heating system Forced Air
Cooling system Central Air
Water source Public

Amenities

large lighted canopy

Building Details

Year built 1991
Number of units 2
Building materials Brick
Roof type Rubber
Architectural style Other
Listing Agency: Ferris Real Estate
Listed By: Doug Hatlevig · License #B11062
Added: Oct 13 Last Checked: Oct 13 at 11:06PM
MLS# 6343673

Copyright © 2026 NoCoast MLS. 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.

At 738 S Oak St, the property includes a 32-by-46-foot brick building previously used as a convenience store and gas station, along with a lighted canopy. Fuel infrastructure comprises three underground storage tanks identified at 10,000 gallons, served by two pump stations, plus a 6,000-gallon underground tank with two pump stations. A separate 26-by-50-foot brick building, formerly a carwash, is used for storage. The parcel contains 0.56 acres and has 184 feet of frontage along Highway 65, a north-south route through Iowa Falls. Nearby businesses include two hotels, a gas station, grocery stores, and other retail shops.

Key Highlights

  • 184 feet of frontage on Highway 65
  • 0.56‑acre parcel in Iowa Falls
  • Three underground tanks identified at 10,000 gallons, with two pump stations

Property Analytics

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Current Use

Gas stations

Suggested Use

Top Pick Parking Lot & Garage Storage Facility Furniture & Home Goods Garden Center Locksmith Bakery

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
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

206
Businesses Nearby
75k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 38% Superstores 35% Groceries 19% Dining 4%
Walmart Superstores
26,126 visits/mo 0.2 miles
Kwik Trip Shops & Services
19,236 visits/mo 0.1 miles
Hy-Vee Groceries
14,178 visits/mo 0.3 miles
Dollar Tree Shops & Services
6,373 visits/mo 0.1 miles
SUBWAY Dining
3,190 visits/mo 0.3 miles

Demographics for 50126, IA

6,576
Population
2,966
Households
2.2
Avg Household Size
42
Median Age
22%
College-Educated
94%
High-School Grad
136.6 sq mi
ZIP Area
48
Density / Sq Mi
$61,711
Median Household Income
$36,702
Median Earnings
$904
Median Rent
$118,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Gas station - A second brick structure provides enclosed storage separate from the former convenience-store building.
Where is this gas station located?
The property is located at 738 S Oak St Iowa Falls, IA.
What is the asking price?
The asking price for this property is $449,500.
What are key features of this property?
This property features: 184 feet of frontage on Highway 65; 0.56‑acre parcel in Iowa Falls; Three underground tanks identified at 10,000 gallons, with two pump stations
More about this property
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