Warren County, IA

208 W Ashland
Indianola, IA 50125

0.21 Acres M/L

Listing #14298



4 unit commercial building for sale. Potential retail and/or office space offering a great location on the northwest corner of the Indianola town square. The building offers great visibility and is within walking distance to all local storefronts. Three units are currently leased offering an annual income of $22,380 with additional income potential from the vacant unit. Contact listing agents for lease information. Unique features for this building include two record/bank vaults that provide safe storage of sensitive items. Vaults are 300 and 96 square foot respectively. The building offers a newer roof with transferable warranty and plenty of other updates. Total building square footage of approximately 5,800.    

Legal Description

25-76-24 INDIANOLA OTP LOTS 18 & 19 BLK 7

  • MLS Number: 573957
  • Parcel Number: 48020070180
  • School District: Indianola
  • General Area: Indianola
  • Net Taxes: $6,108.00
  • Gross Taxes: $6,102.27
  • Lease Price: See Remarks
  • Lease Terms: See Remarks
  • Minimum Months: See Remarks
  • Maximum Months: See Remarks
  • Possession: At Closing
  • Terms: Cash, Conventional


From the intersection of 2nd Avenue and Jefferson Way in Indianola, Iowa, head North on North Jefferson Way for .2 miles.  Go West on West Ashland Avenue for .2 miles. The property is on the North side of W Ashland Avenue at 208 W Ashland.