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    Spirit Lake, IA Apartment Buildings for Sale

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    Orleans, IA Okoboji, IA Arnolds Park, IA Montgomery, IA Milford, IA Lake Park, IA Estherville, IA Spencer, IA
    Eight-Unit Apartment Building
    Updated: Feb 23
    Eight-Unit Apartment Building

    1501 Hill Ave, Spirit Lake, IA 51360

    $900,000
    Eight 2‑bedroom, 1‑bath apartments
    1969 construction
    Detached garage parking for each apartment
    On‑site washers and dryers
    Clean basement with tenant storage space
    View details
    Townhome-Style Apartment Buildings
    Updated: Aug 17
    Townhome-Style Apartment Buildings

    3300 Sunner Ave Bldg A & B, Spirit Lake, IA 51360

    $1,295,000
    14,784 sqft
    12 total townhome‑style apartment units across two buildings
    Each building contains 3 two‑bedroom and 3 three‑bedroom units
    14,784 square feet of total property size
    Units include 2 baths and nearly 1,300 square feet
    Built in 2016 with attached garages and walk‑out patios
    View details
    See hot listings in Spirit Lake

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

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    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 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.

    17-Unit Apartment Property
    17-Unit Apartment Property

    2212 Okoboji Ave, Milford, IA 51351

    $950,000
    10,882 sqft 0.35 AC lot

    The property combines conventional apartments with furnished rooms and is currently fully occupied.

    View details
    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.

    View details
    City Side Estates Apartments
    City Side Estates Apartments

    600 Burton Lane, Fairmont, MN 56031

    Contact for pricing
    36,840 sqft

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

    View details
    24-Unit Apartment Building
    24-Unit Apartment Building

    1209 6th Street, Milford, IA 51351

    $2,759,500

    The property combines varied apartment layouts with garages, storage units and on-site parking.

    View details

    Spirit Lake, IA Apartment Buildings Market Trends and Statistics

    Explore 2 apartment buildings for sale in Spirit Lake, IA on our real estate platform. These investment opportunities span a total of 14,784 square feet of properties for sale, with an estimated market value of $2,195,000.

    Sale prices for apartment complexes in Spirit Lake, IA start at $900,000, averaging $1,097,500, and reaching up to $1,295,000 — 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 $1.1M

    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%

    Total CRE Inventory on Market (SF)

    How Realmo verifies these figures

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    Most Searched ZIP Codes in Spirit Lake, IA

    • 51360

    Featured Spirit Lake Real Estate Agencies

    Realmo connects you with licensed Spirit Lake CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Hinn Real Estate
    2916 Hwy 71 S Spirit Lake, IA 51360
    Phone: 17123361240
    www.buyokoboji.com
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