1812 24th W Ave Spencer, IA 51301-2661
- Office buildings
- 5,408 SF
- 0.40 lot acres
Current Use by Public Records
- Kathman's Healing Hands / Massage Therapist
- Family Access Center / Family Counselor
- FTS Trucking / Trucking Company
- Eckerd | Family Safety Services / Non-Profit Organization / Social Services Organization
- Medi-Claim Solutions / Insurance Agency
Property Details for 1812 24th W Ave
- Year built
- 1980
- Construction
- FRAME
- Lot size
- 0.40 lot acres
- Property size
- 5,408 SF
- Zone code
- C-1 GENERAL COMMERCIAL
- Property type
- Office buildings
- APN
- 963702453005
- APU
- 963702453005
Description
This exceptional commercial property, located at 1812 24th Ave W in Spencer, Iowa, presents a fantastic investment opportunity. The 5,408 square foot building, constructed in 1980, sits on a 0.4-acre corner lot and offers a convenient split bi-level design. Its versatile layout includes thirteen individual offices and restrooms on each of its two stories, making it ideal for a single large business or multiple tenants generating rental income. The property boasts ample parking, with 4150 square feet of paved parking space to the north, providing convenient access for employees and clients. Its prime location directly across the street from the Spencer Country Club Golf Course offers high visibility and an attractive setting. The building is zoned for commercial use, allowing for a wide range of business possibilities. This is a sale of the building only; any existing business operations are not included. The asking price for this well-maintained, multi-purpose office building is $349,950. Don't miss this chance to acquire a valuable asset in a desirable location. The property features a single building and offers a unique opportunity for growth and profitability. Its convenient layout and ample parking make it an attractive option for a variety of businesses.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $225,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $225,000
- 6.5%
- $245,000
- 7%
- $220,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $245,000
- Geo Method
- $200,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $225,000
- Retail
- $250,000
- Mixed-Use
- $230,000
- Hospitality
- $215,000
- Educational
- $260,000
- Residential Income
- $205,000
- Energy
- $260,000
- Income-Based Land
- $230,000
- Food Service
- $200,000
Location Insight
- Map
- Local Demand
- City
- Spencer
- County
- Clay
- State
- Iowa
- Longitude
- -95.1779
- Latitude
- 43.156
- CBSA code
- 43980
- CBSA name
- SPENCER, IA MICROPOLITAN STATISTICAL AREA
