One-of-a-kind opportunity here – commercial or retail property with living quarters included in this mixed-use property providing the best of both worlds Offering a unique combination of financial and lifestyle for your small business. Living on site may provide many advantages including no commute and ideal for hands on retail or commercial business. Owning and operating the property might allow business expense deductions such as portion of mortgage, utilities, maintenance. Seek advice from your tax person for allowable credits. Or you may want to consider renting the living quarters and the business separate or combined. This building features 2640 SF of commercial/retail space and 936 SF of living area with 3,576 SF total area. Commercial area features the option to be split as two separate business or tenant occupants. There is also a 2-car detached garage. Insulated attic storage is an added feature. Newer water heater, two furnaces, window AC unit in living area, central AC in commercial portion along with commercial de-humidifier. Half bath services the retail space with full bath in living quarters. Great off street parking area.
Now available for lease—brand new 2026 construction in Indianola’s newest commercial development, ideally located along high-traffic Highway 92. Flexible commercial spaces ranging from 1,800 to 10,800 square feet offer the perfect setup for a variety of business uses. Each unit includes a private bathroom, climate-controlled environment, and a 14’ wide by 16’ tall overhead garage door—ideal for warehouse, shop, or service-based operations. Excellent visibility, easy access, and the opportunity to secure space in a rapidly growing commercial corridor.
FOR LEASE: 2172 SF office, service or retail space with high traffic near corner of Hwy 65/69 & Iowa Ave. Walgreens & Hy-Vee are nearby on popular Northside of Indianola. $3195/month includes base rent & CAM (property taxes, building insurance, snow, lawn, exterior utilities, exterior maintenance, trash). Are you looking for more space for your growing business? Need parking close to your front door for your customers? Want an established location but may not need highway frontage? JEFFERSON PLAZA is locally owned. Owner takes pride in the building upkeep and tenant communication. Tucked behind long-term tenants: Jimmy Johns, Miracle Ear, Edward Jones, Dominos & US Cellular. What great draws for YOUR business! Suites 800, 900 & 1000 are currently 1 space with 5 offices, conference room, 3 ADA compliant restrooms, client seating and small breakroom. Landlord will consider dividing space into 2 or 3 individual suites for an agreeable set up. Professional space for lease is hard to come by. Don't let this opportunity slip away. Bonus: you and your staff can enjoy Jimmy Johns or Dominos for lunch steps from your office!
Prime in-town retail Commercial space (zoned C2) just off Highway 65/69. 50' x 80' building comes with a full basemen for additional storage and ample parking. Office space is currently lease through at least November 2026. The building offers a front office space, and an open interior space for easy modifications to suit future needs.
FOR LEASE. Looking to expand or establish your business in Indianola this year? This high traffic & high visibility location on the popular Indianola Downtown Square is just the spot your business needs. Recently renovated, the open layout offers endless opportunities for all kinds of business. Across from a large public parking lot. $2,000 monthly Base Rent. Tenants Responsible for all utilities.
Presenting this 9,185 sq ft commercial building situated on 2.15 acres M/L located just southeast of Indianola, Iowa. The property is zoned Commercial and sits only 0.2 miles off County Highway S23, offering convenient access and strong visibility. This building needs work, but with its size, layout, and price point, it represents a rare, affordable opportunity for an owner-user or investor willing to bring new life to the space. The property features two wings branching off the main structure, one equipped with 48 dog runs and the other with 38 dog runs. The runs are well-built with thick concrete flooring, floor drains, and indoor/outdoor access, providing functional infrastructure for animal-related operations. Previously used as a veterinary clinic, this site could continue in a similar use or be repurposed for a variety of commercial needs. Additional features include a fenced property, an office area, and an 8' wide by 7' high overhead door for utility and loading. With its substantial square footage, large lot, and versatile layout, this property offers a compelling chance to remodel and capitalize on a great investment opportunity in a growing commercial corridor.
Discover an incredible commercial opportunity with this versatile building currently operating as a donut shop. Positioned on a main road in Indianola, this property offers excellent visibility, steady traffic flow, and sits on .57 acres. The interior features a welcoming layout with a cozy fireplace, two restrooms, a dedicated kitchen area, and an office space for efficient operations. A convenient drive-thru window enhances service potential, while the private parking lot with tons of parking spaces adds exceptional convenience for customers and staff. A prime location and flexible setup make this property a standout investment for your next business venture. Currently leased out - Lease Ends 2030.
I'm pleased to present this 11,900 sq ft warehouse situated on 1.13 acres M/L located in Indianola, Iowa. The property is zoned M2 General Industrial and built for efficiency and durability. The insulated building features twelve 12'x14' overhead doors, radiant overhead heat (80,000 BTU) separated into 2 units, 8-inch thick concrete floors with floor drains, and two bathrooms. The building has a flexible open layout currently divided into two spaces (90'x70' & 80'x70') and could be divided again, already having 4 separate electrical meters in place. Outside, features large paved parking areas in both the front and rear, plus a bulk storage containment area for extra utility. Ideal for a construction operation, warehouse space, or as a strong investment opportunity in a growing industrial market. *Taxes subject to change after parcel split
Brand-new 3600 sq.ft. commercial building is ready for your vision. The property offers a blank canvas to finish with your own finishes. Pre-plumbed bathrooms are already in place, making build out easier. Perfect for office, retail, medical, or service space location offers convenience, visibility, and growth potential.
This is a rare opportunity to acquire a mixed-use property on the popular Indianola Square! With 7,445 sq. ft of Commercial use and 2 Residential units comprised of a studio apt. & a good-sized 2 bedroom apt., this property would be a valuable addition to your investment portfolio. The Commercial portion has separate H20, gas & electric. It offers (3) 1/2 baths and (1) 3/4 baths & an office. There is enough space to personalize or add more rental opportunities with a back door to the alley. Residential is all electric with window air conditioning and convenient, shared Laundry. Both units offers 1 full bath each. Sooo many options with this property!

Indianola is located in Iowa. Indianola, Iowa has a population of 15,544. Indianola is less family-centric than the surrounding county with 32.84% of the households containing married families with children. The county average for households married with children is 36.92%.
The median household income in Indianola, Iowa is $67,206. The median household income for the surrounding county is $85,189 compared to the national median of $69,021. The median age of people living in Indianola is 35.4 years.
The average high temperature in July is 84.9 degrees, with an average low temperature in January of 12.6 degrees. The average rainfall is approximately 36.1 inches per year, with 30.3 inches of snow per year.