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Prime mixed-use investment opportunity on the historic Centerville Square! This substantial property offers approximately 15,040 sq. ft., featuring 7,520 sq. ft. of main-level commercial space and seven apartments above. The commercial space was previously used as an appliance store and offers excellent flexibility for retail, office, service, or other business opportunities. The seven apartments provide additional income-producing potential, making this an attractive opportunity for investors or owner-users. With its prominent location on the historic Centerville Square, this property offers excellent visibility and a unique opportunity to own a large mixed-use building in the heart of Centerville.

6341417 MLS

Prime mixed-use investment opportunity on the historic Centerville Square! This substantial property offers approximately 15,040 sq. ft., featuring 7,520 sq. ft. of main-level commercial space and seven apartments above. The commercial space was previously used as an appliance store and offers excellent flexibility for retail, office, service, or other business opportunities. The seven apartments provide additional income-producing potential, making this an attractive opportunity for investors or owner-users. With its prominent location on the historic Centerville Square, this property offers excellent visibility and a unique opportunity to own a large mixed-use building in the heart of Centerville.

312 & 316 N 12th St, Centerville

Listing courtesy of Hometown Realty.

$360,000

4,500 sq ft commercial building located near local shopping areas on the north side of Centerville, IA, just off Hwy 5. The property is offered as a building-only sale (businesses not included) and is fully leased, making it an excellent income-producing investment.The building is divided into two rental units. Unit One features office space, storage, and two bathrooms with showers, while Unit Two offers a storage area and one bathroom. Both units are currently occupied, with tenants including Snap Fitness and a spa facility, providing steady rental income for the new owner. With strong tenants, well maintained property with 16 parking spots and a convenient location near Hwy 5, this property is a solid commercial investment opportunity.

6331785 MLS

4,500 sq ft commercial building located near local shopping areas on the north side of Centerville, IA, just off Hwy 5. The property is offered as a building-only sale (businesses not included) and is fully leased, making it an excellent income-producing investment.The building is divided into two rental units. Unit One features office space, storage, and two bathrooms with showers, while Unit Two offers a storage area and one bathroom. Both units are currently occupied, with tenants including Snap Fitness and a spa facility, providing steady rental income for the new owner. With strong tenants, well maintained property with 16 parking spots and a convenient location near Hwy 5, this property is a solid commercial investment opportunity.

708 N 18th St, Centerville

Listing courtesy of Bogle Realty LLC.

$134,500

Historic Commercial Opportunity on the Centerville Square! Here's your chance to own one of Centerville's iconic downtown buildings! Formerly known as the US Cellular Building—and remembered by many locals as the Cosby Building—this impressive three-story commercial property offers approximately 7,000 square feet of endless possibilities. The main level features approximately 3,000 square feet of retail, office, or professional business space, making it ideal for entrepreneurs, investors, or business owners looking for a prime downtown location. Recent updates include newer windows and a newer furnace, providing a solid foundation for your vision. The building also offers abundant storage throughout. One of the few three-story buildings on the Centerville Historic Square, this property presents an outstanding opportunity for redevelopment. The upper floors could be transformed into loft-style apartments, short-term rentals, office suites, or additional commercial space (subject to local zoning and approvals), creating multiple income opportunities. Whether you're looking to establish your business, expand your investment portfolio, or restore a piece of Centerville history, this property is full of potential. Investment opportunities like this don't come along often—don't let this one pass you by! Schedule your private showing today and imagine the possibilities.

6340358 MLS

Historic Commercial Opportunity on the Centerville Square! Here's your chance to own one of Centerville's iconic downtown buildings! Formerly known as the US Cellular Building—and remembered by many locals as the Cosby Building—this impressive three-story commercial property offers approximately 7,000 square feet of endless possibilities. The main level features approximately 3,000 square feet of retail, office, or professional business space, making it ideal for entrepreneurs, investors, or business owners looking for a prime downtown location. Recent updates include newer windows and a newer furnace, providing a solid foundation for your vision. The building also offers abundant storage throughout. One of the few three-story buildings on the Centerville Historic Square, this property presents an outstanding opportunity for redevelopment. The upper floors could be transformed into loft-style apartments, short-term rentals, office suites, or additional commercial space (subject to local zoning and approvals), creating multiple income opportunities. Whether you're looking to establish your business, expand your investment portfolio, or restore a piece of Centerville history, this property is full of potential. Investment opportunities like this don't come along often—don't let this one pass you by! Schedule your private showing today and imagine the possibilities.

300 N 12th St, Centerville

Listing courtesy of Bogle Realty LLC.

$120,000

Prime commercial property on N 18th Street in Centerville! This highly visible location offers excellent potential for retail, professional office space, service based businesses, investment use, and more. Convenient access and a strong commercial setting make this a great place to establish, relocate, or expand your business. Prime location. Great visibility. Endless potential. All inventory, furnishings and personal property are excluded.

6341700 MLS

Prime commercial property on N 18th Street in Centerville! This highly visible location offers excellent potential for retail, professional office space, service based businesses, investment use, and more. Convenient access and a strong commercial setting make this a great place to establish, relocate, or expand your business. Prime location. Great visibility. Endless potential. All inventory, furnishings and personal property are excluded.

1014 N 18th St, Centerville

Listing courtesy of Bogle Realty LLC.

$99,900

Prime commercial opportunity on the highly visible southeast corner of Centerville's historic town square! This well-maintained building offers approx. 2,000 sq. ft. of versatile main-level space, ideal for retail, office, restaurant, café, bakery, salon, boutique, or countless other business opportunities. Currently operating as a fully licensed, full-service restaurant, the seller intends to include the dining tables, chairs, two stoves, a three-compartment sink, and the other attached items, providing an excellent foundation for your next venture. The upper level features an approximately 800 sq. ft. apartment with new front windows, a separate electric meter, and new electric baseboard heaters ready for installation. Most of the renovation materials needed to complete the apartment have already been purchased and will remain with the property, offering an excellent opportunity to create additional rental income or comfortable owner-occupied living space. Whether you're looking to launch a new business, expand an existing one, or invest in a mixed-use downtown property, this building offers exceptional visibility, flexibility, and income potential. The property is being sold AS-IS; additional business equipment is negotiable with an acceptable offer. The seller will consider owner financing for qualified buyers, making this an even more attractive investment opportunity. Schedule your private showing today and discover the possibilities this downtown property has to offer.

6340748 MLS

Prime commercial opportunity on the highly visible southeast corner of Centerville's historic town square! This well-maintained building offers approx. 2,000 sq. ft. of versatile main-level space, ideal for retail, office, restaurant, café, bakery, salon, boutique, or countless other business opportunities. Currently operating as a fully licensed, full-service restaurant, the seller intends to include the dining tables, chairs, two stoves, a three-compartment sink, and the other attached items, providing an excellent foundation for your next venture. The upper level features an approximately 800 sq. ft. apartment with new front windows, a separate electric meter, and new electric baseboard heaters ready for installation. Most of the renovation materials needed to complete the apartment have already been purchased and will remain with the property, offering an excellent opportunity to create additional rental income or comfortable owner-occupied living space. Whether you're looking to launch a new business, expand an existing one, or invest in a mixed-use downtown property, this building offers exceptional visibility, flexibility, and income potential. The property is being sold AS-IS; additional business equipment is negotiable with an acceptable offer. The seller will consider owner financing for qualified buyers, making this an even more attractive investment opportunity. Schedule your private showing today and discover the possibilities this downtown property has to offer.

207 N 13th St, Centerville

Listing courtesy of Hometown Realty.

$90,000

Price Improvement! Turn-Key Business Opportunity in Downtown Centerville! Great opportunity to own a Bar, it's currently known as "My Place Party Lounge" and it's located just one-half block from Centerville’s largest Square. This established business features a 1,600 sq. ft. building, 45-foot bar, ample seating, TVs for watching, stage for live music, pool table, and drink service. This Bar is known for it's great housekeeping of being kept clean and friendly atmosphere. The versatile space offers endless possibilities—continue the successful bar operation or transform it into retail, office space, or another business concept. Great downtown location with on-street parking and close to local businesses. Come take a look and imagine the possibilities!

6342173 MLS

Price Improvement! Turn-Key Business Opportunity in Downtown Centerville! Great opportunity to own a Bar, it's currently known as "My Place Party Lounge" and it's located just one-half block from Centerville’s largest Square. This established business features a 1,600 sq. ft. building, 45-foot bar, ample seating, TVs for watching, stage for live music, pool table, and drink service. This Bar is known for it's great housekeeping of being kept clean and friendly atmosphere. The versatile space offers endless possibilities—continue the successful bar operation or transform it into retail, office space, or another business concept. Great downtown location with on-street parking and close to local businesses. Come take a look and imagine the possibilities!

301 W State, Centerville

Listing courtesy of Real McCoy Realty LLC.

$69,999

Motivated Sellers!!!! Located directly on the town square, this approximately 1,800 sq. ft. commercial office property offers excellent visibility and a convenient downtown location. The space provides a versatile layout that could accommodate a variety of professional office, service, or business uses. Recent updates include a newer roof, heating and air conditioning system, water heater, and doors, providing several important improvements for the next owner. With its central location and established downtown presence, this property offers an opportunity to own commercial space in the heart of town. Whether you’re looking for a location for your own business or an investment property, this space is ready for its next chapter.

6343034 MLS

Motivated Sellers!!!! Located directly on the town square, this approximately 1,800 sq. ft. commercial office property offers excellent visibility and a convenient downtown location. The space provides a versatile layout that could accommodate a variety of professional office, service, or business uses. Recent updates include a newer roof, heating and air conditioning system, water heater, and doors, providing several important improvements for the next owner. With its central location and established downtown presence, this property offers an opportunity to own commercial space in the heart of town. Whether you’re looking for a location for your own business or an investment property, this space is ready for its next chapter.

308 N 12th St, Centerville

Listing courtesy of Hawkins Realty.

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