Individually Owned 
For Sale
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Property summary
This 17,000 square foot building, constructed in 2013, is situated on a large lot at 42 Spruce Street in Tipton, Iowa. Previously utilized as a youth sports complex, it offers a unique opportunity for diverse commercial applications. The structure boasts 24' sidewalls and a 26' center ceiling height, providing ample vertical space. Features include four overhead doors (two 12'x16', one 24'x16'), five man doors, a sprinkler/fire/alarm system, three-phase electrical service, four tube heaters, and HVAC in the entry and meeting rooms. Additional amenities consist of two large ceiling fans, seven high-volume vents capable of complete air recirculation in six minutes, a mezzanine for spectators, four volleyball courts, four basketball courts, two team rooms, two restrooms, and four drinking fountains. The building also includes a 32' x 50' entry area with a director's office and concessions. Its strategic location offers easy access to major transportation routes, being just eight miles north of Iowa 80, ten miles south of Iowa 30, and within reasonable driving distance of Cedar Rapids (41 miles) and Iowa City (28 miles). Ideal for warehouse, repair facility, agricultural equipment storage, trucking company, automotive business, daycare, or numerous other uses. The asking price for this exceptional property is $950,000.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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- Property Ownership
- Basic report summary
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning
