A
unique property in Indianola presents an intriguing opportunity: a family home with a thriving business attached, or a successful venue with the added convenience of a three-bedroom residence.Listed by Realtor Josh Baker, the 2,465-square-foot primary home on First Avenue offers a prime location near commercial neighbors but also maintains a quiet residential atmosphere outside regular business hours.Access to Indianola's Town Square is just a short walk through the Salem Court alleyway. The property has a rich history as Ellen Belle Foster hosted dance classes in the basement in 1954, later partnering with Richard Powell to create Foster Powell Dance and inspire generations of Iowa students.Foster expanded her business into a custom-designed 1,568-square-foot building called The Studio, which now generates steady income from weddings, parties, and photo shoots. This could help offset the loan on both structures."You're just 100 yards from the post office and everything that happens on the town square," Baker noted.The home, built in 1920, features a Craftsman-style design with a front porch, private outdoor space, and a cozy living area around a fireplace. The kitchen has been updated with new appliances and includes a breakfast nook under a stained-glass window.On the first floor, there's also a laundry space and a former bedroom converted into a home office. Upstairs, three bedrooms include the primary suite with a potential nursery, second office, or dressing room.Baker praised Foster's meticulous upkeep and artistic touch, making the property an attractive option for locals looking to expand their community connection or out-of-town buyers seeking the right space."I think it could be someone from out of town looking for the perfect spot," he said. "The Studio business can continue under new ownership, or you could lease the building to another company or turn the home into an AirBnB for additional income."The property is listed at $725,000 with Josh Baker of Iowa Realty Indianola. Contact him at 515-559-4103 for more information and a private showing.