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INVESTMENT HIGHLIGHTS
- Modern industrial building with versatile warehouse and office space, ideal for investors as well as manufacturing and distribution end users.
- Excellent loading and unloading capabilities, featuring 11 dock doors, a drive-in door with a ramp, a 24-foot clear height, and several cranes.
- Prime location near major highways with on-site rail access, providing regional connectivity to key Midwest metropolitan markets in one day or less.
- Robust infrastructure includes high-capacity electrical systems, wet sprinklers, an on-site water treatment facility, and efficient T8 lighting.
- Expansive, fenced 38.4-acre lot supports large workforces with parking for 675 vehicles and excess land for future expansion opportunities.
- Strong submarket fundamentals with a 7.2% availability rate, no new competing inventory under construction, and 12-month rent growth of 2.2%.
EXECUTIVE SUMMARY
Built in phases between 1955 and 1990, 510 E Agency Road comprises a total of 394,886 square feet of Class A space. Its flexible layout includes 318,905 square feet of warehouse space, as well as 75,981 square feet of dedicated office space across two floors. The offices include private workspaces, collaborative open areas, conference rooms, break areas, lobby/reception spaces, and restrooms, ensuring efficient operations and a strong front-of-house presence for businesses.
The building features excellent utilities and infrastructure, including Alliant Energy, with 13.8 kVA and an additional 13.8 kVA in place. There are nine transformers, with two units at 1,500 kVA, four at 1,000 kVA, and three at 75 kVA, as well as nine switchgear substations that feed 33 480-volt, 3-phase busways for distribution throughout the plant. The building is also equipped with highly efficient T8 lighting as well as compressed air throughout the building.
Loading and unloading at 510 E Agency Road is seamless, with 11 dock doors and a grade-level drive-in door with a ramp. There is also an interior clear height of 24 feet, facilitating a number of vertical storage options. The building is served by multiple cranes with 10-ton, 7-ton, 5-ton, 3.5-ton, 1-ton, three-quarter-ton, half-ton, and quarter-ton capacities, allowing simplified movement of goods. Other desirable property features include an on-site water treatment facility and a full wet sprinkler system.
Situated on an expansive 38.7-acre lot, the property is easily able to accommodate a large workforce with on-site parking for 675 vehicles. The site also includes abundant excess land, allowing convenient future expansion and long-term growth. The lot is fully fenced, with a guard station for added security.
510 E Agency Road’s prime location ensures seamless regional connectivity, situated just off the interchange of Highways 34 and 61. There are also freight solutions to the site, with the Burlington Junction railroad running along the east property line and connecting to the BNSF mainline approximately 1.5 miles north of the property. The property’s central Midwest location benefits distributors, allowing the movement of goods to major metropolitan hubs within one day’s drive, including Des Moines, Chicago, Kansas City, Indianapolis, and St. Louis.
While the facility presents the perfect choice for industrial owner/users, 510 E Agency Road also delivers substantial upside for a value-add investor. A new owner will be able to easily tenant the property, with strong submarket demand and an availability rate of just 7.2%. No competing inventory is currently being built in the area, and the tight supply has resulted in industrial rent growth of 2.2% during the past 12 months. The appeal of the region is elevated by strong industrial workforce availability, with more than 30% of workers within 5 miles of the property employed in blue-collar industries.
Blending a wealth of modern features and infrastructure, convenient accessibility, and long-term growth potential, 510 E Agency Road provides the perfect acquisition for businesses or investors seeking to enter or expand in Des Moines County. Reach out to the Phoenix Investors team today to schedule a property tour and learn more about this one-of-a-kind opportunity.
PROPERTY FACTS
| Sale Type | Investment or Owner User | No. Stories | 2 |
| Property Type | Industrial | Year Built | 1955 |
| Property Subtype | Manufacturing | Parking Ratio | 1.71/1,000 SF |
| Building Class | A | Clear Ceiling Height | 24’ |
| Lot Size | 38.70 AC | No. Dock-High Doors/Loading | 11 |
| Rentable Building Area | 394,886 SF | No. Drive In / Grade-Level Doors | 1 |
| Zoning | I-3 - Heavy Industrial | ||
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | A |
| Lot Size | 38.70 AC |
| Rentable Building Area | 394,886 SF |
| No. Stories | 2 |
| Year Built | 1955 |
| Parking Ratio | 1.71/1,000 SF |
| Clear Ceiling Height | 24’ |
| No. Dock-High Doors/Loading | 11 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | I-3 - Heavy Industrial |
AMENITIES
- Fenced Lot
- Security System
UTILITIES
- Lighting - Fluorescent
- Gas
- Water - County
- Sewer - County
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
First floor office suites available providing numerous private offices, a conference room, and restrooms.
Warehouse space for lease featuring 2 external docks, and 7 internal dock wells, as well as a overhead door with a ramp.
Second floor office suites are also available for lease, all in excellent condition and provide some open plan areas.
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste Office | 43,859 SF | Office | Full Build-Out | Now |
| 1st Fl - Warehouse | 318,905 SF | Industrial | Full Build-Out | Now |
| 2nd Fl-Ste Offices | 32,122 SF | Office | Full Build-Out | Now |
1st Fl-Ste Office
| Size |
| 43,859 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl - Warehouse
| Size |
| 318,905 SF |
| Space Use |
| Industrial |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste Offices
| Size |
| 32,122 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste Office
| Size | 43,859 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
First floor office suites available providing numerous private offices, a conference room, and restrooms.
1st Fl - Warehouse
| Size | 318,905 SF |
| Space Use | Industrial |
| Condition | Full Build-Out |
| Available | Now |
Warehouse space for lease featuring 2 external docks, and 7 internal dock wells, as well as a overhead door with a ramp.
2nd Fl-Ste Offices
| Size | 32,122 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Second floor office suites are also available for lease, all in excellent condition and provide some open plan areas.
DEMOGRAPHICS
REGIONAL ACCESSIBILITY
PROPERTY TAXES
| Parcel Number | 10-36-401-004 | Improvements Assessment | $3,691,700 |
| Land Assessment | $1,257,600 | Total Assessment | $4,949,300 |
PROPERTY TAXES
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510 E Agency Rd
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