2004 Highway Boulevard, Spencer, IA 51301

This sale-leaseback medical investment opportunity at 2004 Highway Boulevard, Spencer, IA, is occupied by Edward Jones and Wolfe Eye Clinic, whose doctors specialize in retinas and cataracts. Edward Jones has entered into a 7-yr lease starting in 2025, and the building’s anchor tenant, Wolfe Eye Clinic, will negotiate on lease terms with a prospective buyer. This 10,114 SF commercial building is situated on a prime site with high visibility and accessibility. Recently renovated in 2025, it features a heavily built-out interior with full plumbing, offering exceptional potential for office or medical use. The C-2 Highway Commercial zoning further enhances its appeal. With ample front and rear parking, this property is designed to accommodate the needs of both staff and clients.

This medical facility is located in the northwest quadrant of Iowa, where Highways 18 & 71 converge in the city of Spencer. With the facility's ideal positioning along the highway and in front of Iowa Lakes Community College (>2K students), directly across from Clay County Fairgrounds (>275K annual visitors), and less than a mile from the Spencer Hospital (>300K annual visitors), this establishment has phenomenal exposure to visitors from over 40 miles away.