20120 Highway 2 Centerville, IA $ 360,000
20120 Highway 2
$ 360,000
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20120 Highway 2

Centerville, IA, 52544
$ 360,000
Bedrooms-- Baths-- Sq 8,560

Monthly Estimate*

$ 2,217

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Commercial Property for sale in Centerville, IA

for $360,000. This 8,560 square foot building was built in 1979 on a lot size of 1.7.

Business-minded investors and entrepreneurs—don’t miss this rare opportunity to own a versatile, income-producing commercial property on 1.7 acres m/l along busy Highway 2, just west of Centerville. Offering 8,560 square feet of space, this multi-purpose building is thoughtfully divided to accommodate multiple business ventures. The property currently includes: Fully equipped Veterinary Clinic – Set up for both large and small animal care, featuring a dedicated grooming area and 10 rear kennels. Commercial Office Space – Includes a 2-bedroom apartment upstairs, providing additional rental income or convenient on-site living. Two-Story Former Day Spa Addition (2014) – Constructed with geothermal heating and designed for flexibility. The spa wing is plumbed with hot and cold water plus drains in six individual rooms, allowing for an easy transition back to a fully operational spa or adaptation for medical, wellness, or professional use. The lower level has been converted to living space, further expanding residential or rental options. With its prime highway location, flexible layout, and income-producing potential, this property offers endless commercial possibilities—medical, wellness, professional offices, multi-tenant investment, or live/work conversion. Additionally, up to 55 adjoining acres of pasture with four ponds are available for purchase, providing expansion opportunities. This property has versatility, infrastructure, and growth potential! Don't miss out!

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Commercial Active

Price

$ 360,000

Property Type

Commercial

Taxes

$ 7,810

Style

Mixed Use

Lot Size

1.7

Year Built

1979

Town/City

Centerville

County/Region

Appanoose

MLS | Web ID

6335910

Features
General
Sewer Tank with Drainage Field
Heating Forced Air In Floor Heat Geothermal
Cooling Central Air
Utilities Electric Common Heating Common
Zoning Business/Commercial
Garage Spaces 0
Architectural Style Mixed Use
Construction Materials Brick Vinyl Siding
Year Built 1979
Tax Year 2024
Current Use Commercial
Gross Income 19020
Accessibility None
County Appanoose
Property Type Commercial Sale
Contingency None
Possible Use Diversified Income Industrial Lounge/Bar Office Professional/Office Rest/Lounge Retail Services
Status Active
Directions Property is located on the north side of Hwy 2 .75 miles west of the City of Centerville at the intersection of 200th Ave and Hwy 2.
Association Name SEIA
Open Parking Spaces 25
Number Of Units Total 4
Lot Size Units Acres
Lot Size Square Feet 74052
Land Lease Y/N N
Tax Annual Amount 7810
Living Area Units Square Feet
Standard Status Active
Legal Description PARCEL OF LAND SW SWDESC AS: COM AT SW COR SEC 26 TH N 201.95' E 45.0' ETC
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Exterior
Parking Features Outside
Water Source Rural/Municipality
Building Area Total 8560
Lot Dimensions Approximately 1.7 acres m/l subject to survey.
Lot Size Acres 1.7
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* Excluded Features
List By
John Durling

Listing Agent

Iowa Realty South Lakes

Broker

641-856-9350

Contact

Affordability Calculator

$2,867
Per Month
77%
23%
0%
Monthly Principal & Interest
$2,217
Monthly Property Taxes
$651
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
2872932 Elementary School
2872966 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/27/2026$360,000 Listed Price

Map


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20120 Highway 2, Centerville, IA, 52544 is a Commercial Property for sale at $360,000 with 8,560 sqft and a lot size of 1.7. 20120 Highway 2 was built in 1979. The property's zip code is 52544 which is in Centerville, IA