701 18Th St Spencer, IA 51301
This exceptional 15,000 sq ft church property in Spencer, IA, presents a unique redevelopment opportunity. Situated on 11.75 acres across two parcels, the property boasts 15 offices/rooms, a full kitchen with storage, a fireside gathering room, and a stunning sanctuary featuring 30' ceilings and stained glass. Ample parking accommodates over 70 vehicles. Its prime location near apartment complexes and major roadways makes it ideal for various uses, including religious institutions, educational facilities, or conversion into a multi-family housing complex, addressing a significant community need. The well-maintained building offers significant potential for adaptive reuse. This is a rare chance to acquire a substantial property in a desirable redevelopment area of Spencer. A separate bill of sale is available for the building's contents. Exclusions apply. The asking price is $1,000,000. The property is zoned for commercial use and is located at 701 E 18th St, Spencer, IA 51301.
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First Christian Church Church
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River's Edge Methodist Church Church Mosque
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.