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22 Iowa Ave, Colorado Springs, CO, 80909

3beds
3baths
6,004sqft
$750,000
$125price/sqft
$4,779/moest. monthly cost
$191,160/yrincome needed

About This Home

This listing offers TWO great properties in one transaction, both of which are currently tenant occupied under one lease. 20 a 1240 sq ft house/office/showroom with three separate rooms, full kitchen, and a detached 720 sq ft garage with AC, finished interior, and a large overhead drive through door. 22 offers a 2944 sq ft showroom and connected warehouse/garage, and features a ¾ bath in the showroom, two separate office/storage rooms, and a small kitchenette area. This building also offers a single phase 400 AMP service panel, two overhead drive through garage doors to access the garage, and a separate 1/2 bath in the garage for convenience. Each warehouse building has a floor drain for ease, and both houses have basements, allowing for additional storage space. The front of 22 is fully paved, providing parking for about 6 vehicles, while 20 has a chain-link fence, providing separation and distinction between the two addresses if desired. The property is fully fenced, with a double gate access to the warehouses/garages through the front, and gate access from the alley with enough clearance for most work vehicles. The enclosed area between the garages is topped with gravel, providing additional parking, storage and workspace without the worry of excess dirt and mud. This property is conveniently located just minutes from downtown Colorado Springs, and easy access to I-25. No matter what your needs, this wonderful C6 zoned flex industrial space is likely to fit your needs!

Getting Around

65
WalkingSomewhat Walkable
38
TransitSome Transit
46
BikeSomewhat Bikeable

Schools

6/10
Rogers Elementary SchoolGrades PK-50.8 mi
3/10
Palmer High SchoolGrades 9-121.6 mi

Construction

Condition

  • Property condition: Existing
  • Year built: 1977

Materials

  • Foundation: Slab
  • Roof: Other
  • Construction materials: Alum/Vinyl/Steel,Stucco,Framed on Lot,See Prop Desc Remarks

Type & Style

  • Home type: MultiFamily
  • Property subType: Mixed Use

Interior

Appliances

  • Appliances included: Range,Refrigerator
  • Laundry features: Electric Hook-up

Basement

  • Has basement: Yes
  • Basement: Partial

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 3

Features

  • Fireplace features: None

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Central Air,See Prop Desc Remarks,Wall Unit(s)

Interior Area

  • Total structure area: 6,004
  • Total interior livable area: 6,004 sqft

Property

Accessibility

  • Accessibility features: See Prop Desc Remarks

Features

  • Fencing: Back Yard,See Remarks

Lot

  • Lot size: 0.27 Acres

Parking

  • Total spaces: 6

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Winter Weather
    Winter WeatherVery High
  • Hail
    HailRelatively High
  • Lightning
    LightningRelatively High
  • Tornado
    TornadoRelatively High
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Winter Weather
Hail
Lightning
Tornado
Inland Flooding
Strong Wind

FEMA Declared Disasters Across Colorado Counties

Flood
Severe Storm
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,792$45,504
Home Insurance *$253$3,036
Property Taxes $281$3,372
Electricity $453$5,438
Total$4,779$57,348
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$163,851/yr
40% on housing$143,370/yr
45% on housing$127,440/yr

Colorado FAIR Plan Programs

Colorado FAIR Plan

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 15.0%
15.0%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 2.5%
2.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$125This listing

vs Other Active Listings

Avg $/sqft

ZIP 80909$162
El Paso County$182

vs Homes Sold Last Month

Median $/sqft

ZIP 80909
El Paso County

Current Market Trends

No market data available for this area

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-25Price change$750,000
2026-06-16Listed for sale$800,000

For Sale by Agent

AgentDave Kaercher ABR C2EX CDPE GRI SFR
BrokerageRE/MAX Real Estate Group LLC

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