Indianola, IA

Highway 92
Indianola, IA 50125

4.80 Acres M/L

Listing #15615



Peoples Company is pleased to market an exemplary commercial opportunity in Indianola, Iowa. This property was meticulously constructed and pieced together in 2013 by the current owner and operator. No stone was left unturned during the initial construction and maintenance of this building and property. When combined with the existing property attributes and extreme renovation and addition, the current owners have done a phenomenal job putting together a very nice property that everyone is sure to appreciate. The property as a whole consists of a 4,200 SF building, a 30' x 60' Steel Utility Building, and 4.8 acres m/l.

The property is currently used as an event venue and was built with multiple avenues for the space in mind. The current situation allows for a capacity of 250 guests. The building is trussed in a way that would allow a new buyer to take out any interior walls and remodel into a restaurant, church, or however you see fit. The building also features a spacious back deck overlooking a pond and picturesque views in every direction. The basement is finished with additional space that could be utilized. There are bathrooms on both floors. The building could also potentially be converted to a single-family or multi-family situation. An additional 30’ x 60’ steel utility building is finished out with barn board interior and concrete floors. Take a look at the photos!

This offering is located just east of Indianola on Highway 92, directly across the road from the Balloon Fields. Please contact one of the listing agents to schedule a private showing of this property.

Legal Description

4.8 acres m/l in the SW 1/4 of the NW 1/4, South of Highway 92, in Section 28 of East Lincoln Township in Warren County, Iowa. Exact legal description to be taken from the Abstract.

  • MLS Number: 632485
  • Parcel Number: 13000280467, 13000280487
  • School District: Indianola
  • General Area: Indianola
  • Net Taxes: $2,906.00
  • Gross Taxes: $2,906.00
  • Possession: At Closing
  • Terms: Cash or Conventional Financing


From Indianola, Iowa, head east on Highway 92 for 2.5 miles. The property will be located on the south side of Highway 92, across the road from the Balloon Fields.



Reserved Items

Liquid inventory and wine making equipment is not included - wine making equipment can be purchased separately.


Stoves, Refrigerators, Freezers, Washers, Dryers, Dishwashers

  • Style: French Chalet
  • Water: Rural
  • Sewer: Septic
  • Sprinkler: None
  • Building Type: Event Venue
  • Construction Type: 1 Story Frame w/ Walkout
  • Zoning: Agricultural
  • Stories: 1
  • Basement: Yes
  • Year Built: 2013
  • Heating: FHA - Gas
  • Living Area Square Feet: 2208
  • Finished Basement Square Feet: 2208
  • Roof: Asphalt Shingle
  • Exterior: HardiPlank
  • Foundation: Poured
  • Driveway: Gravel


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