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Three-Building Flex Property

77 Locust St, Tipton, IA 52772

For Sale
$295,000

Land/Lot/Farm, Tipton, IA

Property SizeContact for details
Lot Size0.33 Acres
Days on Market8

Property Features for 77 Locust St

General Information

Property type Commercial Sale
Property subtype Other
Zoning description COMM
Directions Turn West on W First St off S Cedar. Buildings on S corner at the intersection of Locust and W First St.
Subdivision OT-E (East of I-380)
Standard status Active
APN 048010012860030
Lot size 0.33 Acres

Taxes and HOA fees

Tax Description STARRS ADD LOT 5 & 6 BLK 51
Tax Annual Amount 2818
Legal Description STARRS ADD LOT 5 & 6 BLK 51

Building Details

Buildings 3
Listing Agency: Keller Williams Legacy Group · Keller Williams Realty
Listed By: Jeritt Rouse
Added: Oct 30 Changed: Nov 4 Last Checked: Nov 6 at 7:06PM
MLS# 2607767

Copyright © 2026 Cedar Rapids Area Association 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.

Rey
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Investment Insights

Based on property information with market context.

This flex property comprises three separate buildings on a level 0.33-acre parcel. The structures are associated with 77 Locust St, 87 Locust St, and 503 W First St in Tipton, Iowa.

Key Highlights

  • Three separate buildings across the property
  • Level 0.33‑acre parcel
  • Addresses include 77 Locust St, 87 Locust St, and 503 W First St in Tipton, Iowa

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Skin Care Clinic Bakery Garden Center

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

366
Businesses Nearby
Under-served
Demand for This Use

Demographics for 52772, IA

5,129
Population
2,334
Households
2.2
Avg Household Size
45
Median Age
20%
College-Educated
95%
High-School Grad
130.2 sq mi
ZIP Area
39
Density / Sq Mi
$80,997
Median Household Income
$49,820
Median Earnings
$812
Median Rent
$213,600
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 Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025

Frequently Asked Questions

What type of property is this?
Flex space - Three separate structures occupy a level parcel in Tipton, Iowa.
Where is this flex space located?
The property is located at 77 Locust St Tipton, IA.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Three separate buildings across the property; Level 0.33‑acre parcel; Addresses include 77 Locust St, 87 Locust St, and 503 W First St in Tipton, Iowa
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