Altoona, IA Commercial Real Estate for Lease and Sale

Explore 11 listings of Altoona commercial real estate to find the best space for your business.

Altoona Multifamily Land

Altoona Multifamily Land, Altoona, IA
Property

VacantLand
For Sale

$1,500,000
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501 8TH STREET SW

501 8TH STREET SW, Altoona, IA
Property

Retail

7,000 SF
Availability

1 Space

7,000 SF
For Lease Contact for pricing
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509 8th Street Southwest

509 8th Street Southwest, Altoona, IA
Property

Retail

177,240 SF
Availability

1 Space

7,500 SF
Year Built

2025
For Lease Contact for pricing
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Sierra Properties

9th St NE, Altoona, IA
Property

VacantLand
For Sale

$3,883,374
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Village Square Plaza

600 - 616 8th St SW, Altoona, IA
Property

Retail

12,080 SF
Availability

1 Space

3,844 SF
For Lease

$14.00/SF/YR
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3880 Prairie Fire NW

3880 Prairie Fire NW, Altoona, IA
Property

Retail

6,990 SF
Availability

1 Space

1,990 SF
For Lease

$21.00/SF/YR
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102 1st Ave N

102 1st Ave N, Altoona, IA
Property

VacantLand

10.28 Acre
For Sale

$2,650,000
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509 8th Street Southwest

509 8th Street Southwest, Altoona, IA
Property

VacantLand
For Sale

$499,000
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415 Center Place

415 Center Place, Altoona, IA
Property

Retail

1,805 SF
Availability

1 Space

1,805 SF
For Lease

$3,200.00/MO
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555 9th St NE Altoona

555 9th St NE Altoona, Altoona, IA
Property

Industrial

300,000 SF
For Sale Contact for pricing
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408-412 8th St SW

408-412 8th St SW, Altoona, IA
Property

Retail

9,700 SF
Availability

1 Space

1,462 SF
For Lease

$14.00/SF/YR
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.
- Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute.
  
  Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
- Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Altoona commercial real estate market includes 214,815 square feet of retail space in a variety of settings.
- Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Altoona market, there is a total of 300,000 square feet of industrial property.
The listing inventory in Altoona incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Altoona is represented by Retail space, which accounts for 23,601 square feet of available listings.

Meanwhile, most of the listings of commercial property for sale in Altoona are in the Industrial category.
The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.
Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Altoona, depending on the property type you are interested in.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.
Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!
The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $21.27 per square foot.
The average size of a commercial property in Altoona depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:
- Retail properties here incorporate an average of 35,803 square feet.
- Industrial space in Altoona is in buildings that are, on average 300,000 square feet in size.

Altoona, IA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Altoona currently add up to 84,149 square feet. Local retail availability includes 23,601 square feet across 6 retail space(s).

Property Type	Count of Listings	Total SF
Retail	6	23,601
Other	0	60,548

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Altoona, IA. Currently, there is 300,016 square feet of commercial property for sale here , which includes 1 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Industrial	1	300,000
Other	2	16

About us

CommercialCafe is your go-to commercial real estate listing source. We partner with highly respected major brokerages from across the country to ensure high-quality listings that are updated frequently. Our online marketplace lists all commercial property types from office, coworking, retail, and industrial to special purpose properties.

CommercialCafe is a trusted Yardi brand and is an integral part of the CommercialEdge network — the fastest-growing network of online real estate marketplaces, which ranks on the 1st page of Google for all top markets, attracts more than 2 million monthly visits, and generates more than 350,000 broker contacts.

Altoona, IA Commercial Real Estate for Lease and Sale

Altoona Multifamily Land

501 8TH STREET SW

509 8th Street Southwest

Sierra Properties

Village Square Plaza

3880 Prairie Fire NW

102 1st Ave N

509 8th Street Southwest

415 Center Place

555 9th St NE Altoona

408-412 8th St SW

Frequently Asked Questions

Altoona, IA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Altoona, IA Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Altoona, IA?

What factors affect the price of commercial real estate in Altoona, IA?

What are the best areas for commercial real estate in Altoona, IA?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Altoona, IA?

Altoona, IA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Popular Office Searches

Popular Retail Searches

Popular Industrial Searches

About us