Multi-Use Medical Office
820 W Summit Street, Winterset, IA 50273
New
SINGLE_FAMILY - Winterset, IA
Type:Office
Property size:
4,700 SFLot size:
0.48 AcresPrice / SF:
$170/SF- Added:
- Jun 29, 2026
- Days on Market:
- 5
- Last Refresh:
- Jul 3 at 12:06 am
Property Features for 820 W Summit Street
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- TD-1
- Standard status
- Active
- APN
- 820005200032000
- Lot size
- 0.48 Acres
Taxes and HOA fees
- Tax Description
- PARCEL H MISC SECTION 1 LINC
- Tax Annual Amount
- 27646
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Geothermal (Heating)
- Cooling system
- Geothermal
- Water source
- Public
Building Details
- Year built
- 1969
- Building materials
- Brick, Frame
- Roof type
- Asphalt, Shingle
- Architectural style
- Other
Listing agent Sarah Cowman (515) 468-0409
Listing office Homefront Real Estate, LLC 57 E Jefferson, Winterset, IA (515) 468-0409
Listing date Jun 29, 2026
MLS# 744104
Copyright © 2026 Des Moines Area Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Multi‑use building with 4,700+ SF above grade plus a basement with garage space
- Business‑ready layout with private office spaces, exam rooms, conference areas, and a large front lobby
- Previously used as a dental office and physical therapy office; set up for 2 separate businesses or one larger operation
- Located on 2.55 acres with plenty of parking and green space; includes 4 different parcel numbers
- Zoned TD1, offering flexibility for various business uses
- Utilities include public water and public sewer; geothermal heating and cooling; electric heating; brick/frame construction
Overview
This multi-use building offers a flexible layout designed to support either two separate business operations or a single larger user. Interior space includes private office areas, exam room spaces, conference room areas, and a huge front lobby for patient or client reception. A basement adds additional functionality with garage space, complementing the main level. The most recent uses were a dental office and a physical therapy office, reflecting the building’s medical-oriented design and room configuration.
Located on a busy main road in Winterset, the property is positioned close to schools and the school sports complex. The offering sits on 2.55 acres, m/l, and includes plenty of parking and green space to support patient and visitor access. The sale includes four different parcel numbers.
For tenants, the room mix supports medical and related professional service use, particularly those needing exam rooms alongside private offices and meeting space. For buyers, the layout can accommodate a split tenancy model or consolidation into one operation, with the basement garage space providing added utility for storage or workflow needs. Zoning is listed as TD-1, supporting consideration for a range of business types consistent with that district.
Located on a busy main road in Winterset, the property is positioned close to schools and the school sports complex. The offering sits on 2.55 acres, m/l, and includes plenty of parking and green space to support patient and visitor access. The sale includes four different parcel numbers.
For tenants, the room mix supports medical and related professional service use, particularly those needing exam rooms alongside private offices and meeting space. For buyers, the layout can accommodate a split tenancy model or consolidation into one operation, with the basement garage space providing added utility for storage or workflow needs. Zoning is listed as TD-1, supporting consideration for a range of business types consistent with that district.
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $118.4k | $25.20 |
| − Vacancy | −$10.1k | −$2.14 |
| EGI | $108.4k | $23.06 |
| − OpEx | −$43.3k | −$9.22 |
| NOI | $65.0k | $13.83 |
4,700 SF · lease $25.20/SF/yr · vacancy 8.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$928.9K
$812.8K – $1.08M
NOI $65,024 @ 7.0% cap · market cap 8.13%
Second Best
Office B
$884.7K
$774.1K – $1.03M
NOI $61,927 @ 7.0% cap · market cap 7.74%
Theoretical Best
Flex RnD
$4.52M
$3.96M – $5.28M
NOI $316,705 @ 7.0% cap · market cap 39.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
E3 Millennium Therapy ...
Medical Clinic
Millennium Therapy
Medical Clinic
Dr. Christopher W. ...
Dental Office
Similar Places Nearby
- Summit Veterinary Services — 2124 W Summit St, Winterset, IA 50273
- Healing Hearts Animal Therapy, Inc. — 312 S 10th Ave, Winterset, IA 50273, United States
Location Insight
- Map
- Local Demand
- City
- Winterset
- County
- Madison
- State
- Iowa
- Longitude
- -94.023929
- Latitude
- 41.329947
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - Configured for two separate businesses with private offices, exam rooms, and conference space plus basement garage area.
Where is this medical office space located?
The property is located at 820 W Summit Street Winterset, IA.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Multi‑use building with 4,700+ SF above grade plus a basement with garage space; Business‑ready layout with private office spaces, exam rooms, conference areas, and a large front lobby; Previously used as a dental office and physical therapy office; set up for 2 separate businesses or one larger operation
