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Property profile & analytics
OFF-MARKET
Flex space

202 9th St Indianola, IA 50125-2824

3,120 SF 0.24 ac lot Built 1971
Individually Owned 19-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US25-1549634
Property summary
AI-generated overview

This exceptional 3,120 square foot commercial property, situated on a 0.24-acre lot in Indianola, Iowa, presents a unique investment opportunity. Ideally located on the east side of town, this retail space enjoys convenient access to Highway 92 and proximity to all levels of schools, ensuring high visibility and accessibility. The building boasts a flexible layout, featuring twelve private offices, five of which can be easily opened to create larger, shared workspaces. A dedicated conference room, equipped with a projector screen, is perfect for meetings and presentations. Additional amenities include two bathrooms, a well-appointed kitchen/break area, and a practical utility room. A separate loading/storage area simplifies deliveries and inventory management, adding to the property's operational efficiency. The property's versatility makes it suitable for a wide range of businesses, including but not limited to therapy practices, spas, salons, co-working spaces, medical or wellness clinics, and professional offices such as law or financial firms. The adaptable office configuration also allows for larger group activities like training sessions or small classes. Ample parking is available on the 0.24-acre lot. A pre-inspection has been completed, providing peace of mind for potential buyers. This is a rare opportunity to acquire a well-maintained, versatile commercial property in a desirable location. Don't miss out!

Property profile
Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1971
Total area 3,120 SF
Lot 0.24 ac (10,290 SF)
APN 48170030090
UPID US25-1549634
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Sculpted Plus Spa & Massage Center Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Davey Garrett · 19 yrs held
Davey Garrett
since 2006
2 recorded transactions
2018
Price N/A
2006
$167,250
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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