00 11th Avenue SW B, Spencer, IA 51301
Clay County
Key Facts
Description
Outstanding opportunity to own a premium 40 x 80 commercial unit in a multi-unit building, built in 2023, with excellent exposure just off Hwy 71 in Spencer. Constructed with southern yellow pine framing, the unit features a 14 x 14 overhead door with R18 insulation and openers, 6-inch concrete floors reinforced with fiberglass rebar, and 16-inch thickened perimeter edges. Interior divider walls have two layers of 5/8 fire board, and all exterior, dividing, and ceiling walls include a 10 mil poly liner. The attic is insulated with R50 cellulose, and the unit includes a 200 amp load center, LED high bay and exterior lighting, floor drain and catch basin drains, and plumbing ready for a future bathroom. Ideal for storage, contractor space, small business operations, or investment, this unit combines quality construction, energy efficiency, and a prime location, offering flexibility and immediate usability. This property is serviced with city water & sewer. Natural gas with Black Hills Energy & electricity with Iowa Lakes Electric.
Property Information
Property Type
Commercial Sale
Year Built
2023
Lot Size
0.35 acres
Days on Market
88
MLS® Listing#
260036
Property Features
Heating
Parking
Construction
Roof
Sewer
Water Source
Financial Details
Annual Taxes
$1
Tax year 2024
Parcel Number
963725254007
Affordability Calculator
$57,000
Estimated monthly payment
$1,517/mo
Principal $228,000 · Est. interest $318,080 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Spencer, IA
- $237,931
- Median Listing Price
- 80
- Median Days on Market
- 1,533
- Median Sq Ft
- $136
- Median Price / Sq Ft
- 51
- Active Listings
- This home’s price is 20% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Spencer, IA.
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1405 11Th Avenue W, Spencer, IA | $210,000 | 4 | 2 | 1,848 |
| 113 Parkway Drive, Spencer, IA | $213,000 | 4 | 2 | 1,374 |
| 220 W 3rd St, Spencer, IA | $215,000 | 5 | 2 | 1,647 |
| 3195 190th Avenue, Spencer, IA | $224,900 | 2 | 2 | 696 |
| 3211 W 3rd Street, Spencer, IA | $224,900 | 2 | 1 | 1,136 |
| 609 4Th Avenue W, Spencer, IA | $235,000 | 4 | 3 | 1,912 |
Moving Cost Estimate
Listing Courtesy: RE/MAX Lakes Realty - janie@sellboji.com
Presented by: Janie Eick