112 N 2nd Avenue W Newton, IA $ 795,000
112 N 2nd Avenue W
$ 795,000
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112 N 2nd Avenue W

Newton, IA, 50208
$ 795,000
Bedrooms-- Baths-- Sq 4,488

Monthly Estimate*

$ 4,960

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Commercial Property for sale in Newton, IA

for $795,000. This 4,488 square foot building was built in 1875 on a lot size of 0.1.

Located in the town square, this property features income-producing salon suites paired with a stunning second-floor penthouse. The salon component includes 20+ private suite units (with additional units located in the basement), a welcoming lobby, one main bathroom, a kitchenette/break room, abundant storage, and elevator access from the first floor to the basement for added convenience. Above, the second-floor penthouse offers 2 bedrooms, 1 bathroom, a walk-in closet, and a fireplace with built-in entertainment features, along with a walk-out rooftop patio. Penthouse is accessible via both an exterior metal staircase and an interior stairwell—ideal for owner occupancy or additional rental income. Major capital improvements are already complete with brand-new HVAC, plumbing, electrical, and roof, making this a turnkey investment with flexibility for a variety of commercial uses. Contact listing agent for financials.

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Commercial Active

Price

$ 795,000

Property Type

Commercial

Taxes

$ 5,835

Style

Lot Size

0.1

Year Built

1875

Town/City

Newton

County/Region

Jasper

MLS | Web ID

731739

List By
Matthew Fischer

Listing Agent

Keller Williams Realty Gdm

Broker

matthewsfischer13@gmail.com

Email

Affordability Calculator

$5,446
Per Month
91%
9%
0%
Monthly Principal & Interest
$4,960
Monthly Property Taxes
$486
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/16/2025$795,000 Listed Price

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112 N 2nd Avenue W, Newton, IA, 50208 is a Commercial Property for sale at $795,000 with 4,488 sqft and a lot size of 0.1. 112 N 2nd Avenue W was built in 1875. The property's zip code is 50208 which is in Newton, IA