700 11TH ST SW

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700 11TH ST SW

spencer, IA 51301-5563
Asking Price
$5.33M
Asset Type
Retail
Class
Class B

What's Special

700 11th Street SW is situated in a high-traffic commercial corridor in Spencer, Iowa. Located directly on Highway 71, the property benefits from significant regional visibility and ease of access for local commuters. The surrounding neighborhood is characterized by a dense concentration of national retailers, department stores, and quick-service restaurants. This primary retail hub serves as a central shopping destination for Clay County, supported by well-maintained road infrastructure and proximity to regional residential neighborhoods. The property is suited for general retail operations, including franchise showrooms, specialty boutiques, or service-oriented businesses. Its location and layout align with the needs of established regional tenants or national brands seeking presence within a proven retail cluster. Ideal tenant profiles include high-volume goods retailers or professional service providers that require prominent signage and convenient customer parking. The site offers favorable site lines and accessibility for a steady flow of consumer traffic.

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NOI
$80,000
Cap Rate
1.50%
DSCR
0.25
Underwater
Cash-on-Cash
-14.79%
Monthly Payment
$26,394.669
Annual Cash Flow
$-236,736.029

Location & Travel Times