Indianola, IA

301 W 2nd Avenue
Indianola, IA 50125

0.21 Acres M/L

Listing #15805



Peoples Company is pleased to market this excellent commercial/multi-residential opportunity in Indianola, Iowa! This property is ideal for the investment-minded individual or someone who is looking for commercial space in a great location. This building features 3,606 square feet of useable commercial space and an attached apartment consisting of 936 square feet, 2 bedrooms, 1 bathroom, a laundry room, and an open living area with a kitchen. Commercial space currently has a great storefront with a bathroom on the main level. The basement could be converted to its own unit or continue to be in conjunction with the main level commercial space. 2 car attached 660 square foot garage could be rented alongside the apartment or rented as its own separate unit. Commercial space and the apartment have separate utilities. Ample parking along the East side of the building. Multiple sheds and useable areas on the West side of the building. This building is very well built and is conveniently located on Highway 92 on the West side of Indianola. Please contact one of the listing agents with questions regarding this listing.

Legal Description


  • Sign On Property: Yes
  • MLS Number: 639647
  • Parcel Number: 48860001441
  • School District: Indianola
  • General Area: Indianola
  • Net Taxes: $4,446.00
  • Gross Taxes: $4,444.44
  • Possession: At Closing
  • Terms: Cash or Conventional


From the intersection of Highway 92 and Highway 65/69, in Indianola, Iowa, head west on Highway 92 for 0.3 miles. The property will be on the south side of Highway 92. Please look for Peoples Company signs.


Range/Oven, Dishwasher, Refrigerator, Window AC, Microwave, Washer, Dryer, Storage Sheds

  • Water: City
  • Sewer: City
  • Building Type: 1 Story Frame
  • Zoning: Commercial/Multi-Residential
  • Bedrooms: 2
  • Full Bathrooms: 1
  • Garages: 660 SF Attached
  • Stories: 1
  • Basement: Full - Unfinished
  • Year Built: 1950
  • Heating: Gas Forced Air
  • Living Area Square Feet: 1350 SF Commercial / 936 SF Apartment
  • Basement Square Feet: 2256
  • Finished Basement Square Feet: 0
  • Roof: Asphalt Shingle
  • Exterior: Vinyl
  • Foundation: Block
  • Driveway: Rock


Use the Interactive Map to explore the property's regional location. Zoom in and out to see the property's surroundings and toggle various mapping layers on and off in the Map Layer Menu.