20120 Highway 2Centerville, IA 52544

Commercial · 8,560 Sq. ft. | 1.70 Acres
$360,000 Active

20120 Highway 2 Overview

Time on Site:
122 days
Visits:
294

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!

Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
View Map

20120 Highway 2 Facts & Features

  • Type Commercial
  • Sq. ft. 8,560
  • Price/Sq.ft. $42
  • Lot 1.70 Acres

Details

General

Income/Expenses

  • Gross Income: 19020

Listing Information

  • Contingency: None

Building Information

  • Year Built: 1979

Business Information

  • Current Use: Commercial

Location/Region

  • County Or Parish: Appanoose
  • Postal City: Centerville

Rent/Lease Information

  • Land Lease: No

Tax Information

  • Tax Annual Amount: 7810
  • Tax Year: 2024

General Information

  • Parcel Number: 290251005210000
  • Possible Use: Diversified,Income,Industrial,Lounge/Bar,Office,Professional/Office,Rest/Lounge,Retail,Services
  • Property Type: Commercial Sale
  • Zoning: Business/Commercial

Interior

Parking Information

  • Garage Spaces: 0

Building Interior

  • Building Area Total: 8560

General Information

  • Accessibility Features: None
  • Cooling: Central Air
  • Heating: Forced Air,In Floor Heat,Geothermal
  • Living Area Units: Square Feet

Exterior

Parking Information

  • Open Parking Spaces: 25
  • Parking Features: Outside

Lot Information

  • Lot Size Acres: 1.7
  • Lot Size Dimensions: Approximately 1.7 acres m/l, subject to survey.
  • Lot Size Square Feet: 74052
  • Lot Size Units: Acres
  • Water Source: Rural/Municipality

Building Exterior/Construction

  • Architectural Style: Mixed Use
  • Construction Materials: Brick,Vinyl Siding

General Information

  • Number Of Units Total: 4
  • Sewer: Tank with Drainage Field
  • Utilities: Electric Common,Heating Common

20120 Highway 2 Neighborhood

Community

52544 (Numa) Demographics

47
Median Age
55
Population Density (per sq. mile)
30%
College Educated
$35,820
Estimated Median Income
2,313
Estimated Total Home Owners
1,040
Estimated Total Renters
69% / 31%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

20120 Highway 2 Monthly Cost

$
$ %
%
$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

20120 Highway 2 Market Data

Based on the last 30 days in this zip code

$193,595
Average List Price
$136
Average Price per Square Foot
11
Properties Sold
108
Average Days on Market
51
Properties for Sale
Calculations provided by Reliance Network

20120 Highway 2 History

Date Event Value Agent
2/27/2026Source: NoCoast MLS Added to Database
February 27, 2026
John Durling
Listing Agent
Listing provided courtesy of Iowa Realty South LakesNoCoast MLS- MLS# 6335910MLS Provider