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Spirit Lake, IA Apartment Buildings for Sale

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Orleans, IA Arnolds Park, IA Wahpeton, IA Milford, IA West Okoboji, IA Jackson, MN Terril, IA Lake Park, IA
Spirit Lake Eight-Unit Apartment Building
Updated: Feb 23
Spirit Lake Eight-Unit Apartment Building

1501 Hill Ave, Spirit Lake, IA 51360

$900,000
Strong income‑producing eight‑unit apartment building.
Prime location in revitalizing Downtown Spirit Lake, close to retail, restaurants, and entertainment.
Each apartment includes a highly desirable garage parking space.
Eight 2‑bedroom, 1‑bath apartments.
Well‑maintained building.
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Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Spirit Lake, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Six-Unit Apartment Building
Six-Unit Apartment Building

21 W 1ST ST, Spencer, IA 51301

$175,000
4,308 sqft 0.12 AC lot

Partially remodeled multifamily property with two leased units and four units available for renovation and lease-up.

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Mixed-Use Downtown Building
Mixed-Use Downtown Building

40 Downtown Plaza, Fairmont, MN 56031

Contact for pricing
7,200 sqft

Two-story concrete and brick building with a main-level nail salon, warehouse/flex space, and second-floor apartments.

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City Side Estates Apartments
City Side Estates Apartments

600 Burton Lane, Fairmont, MN 56031

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36,840 sqft

36-unit apartment complex in Fairmont, MN, with 19 garages.

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68-Unit Concrete Apartment Building
68-Unit Concrete Apartment Building

110 4th Street SE, Spencer, IA 51301

Contact for pricing

Well-built concrete multifamily with individually metered electric and A/C in all units.

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Spirit Lake, IA Apartment Buildings Market Trends and Statistics

Explore 1 apartment buildings for sale in Spirit Lake, IA on our real estate platform.

Sale prices for two-family homes in Spirit Lake, IA average $900,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 8,561
Population Growth (5Y) +4.7%
Median Household Income $77,464
College Educated 44.0%

High-Yield Neighborhoods for Investment

Identify Spirit Lake submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
51360 $900K

Taxes & Financing

Tax Rate (average for all types) 1.70%
Property Tax per SF $16.92 per SF
Tax Rate vs County Average 0.04 pp above county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Dickinson County

New Delisted

Total CRE Inventory on Market (SF)

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