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    202 1St Ave Rock Rapids, IA 51246

    Picture of Mixed-use properties at 1St Ave 202, Rock Rapids, IA
    For Sale
    $399,000

    Commercial - Rock Rapids, IA

    Lot size:
    0.15 Acres
    Days on Market:
    54
    Last Refresh:
    Dec 13 at 9:06 am

    Property Features for 202 1St Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    350000014600000
    Lot size
    0.15 Acres

    Building Details

    Year built
    1889
    Floors in Building
    3
    Architectural style
    Other

    Frontier Insurance & Realty (712) 472-3551

    Listing agent Lisa Dieren (712) 472-3551 License #B58848

    Listing date Oct 21, 2025

    MLS# 828715 Listing URL

    Copyright © 2025 Northwest Iowa Regional Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Mixed-Use Building in Iowa

    Located on Main Street in downtown Rock Rapids, this historic building offers endless potential. The property is suitable for entrepreneurs, investors, or business owners. Currently producing income, the main level features a bar and a retail shop. The second floor has been renovated into three modern apartments, suitable for rental income. The expansive third floor remains unfinished, presenting a blank canvas for additional residential units, offices, or creative studio space. This property offers the flexibility and location for a mixed-use development opportunity. The lot size is 0.15 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rock Rapids
    County
    Lyon
    State
    Iowa
    Longitude
    -96.1670941
    Latitude
    43.4317246

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    FAQs

    What type of property is this?
    Mixed-use property - Charming historic building with retail, apartments, and development potential.
    Where is this mixed-use property located?
    The property is located at 202 1St Ave Rock Rapids, IA.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: - Prime Main Street location in downtown Rock Rapids; - Income-producing property with two established businesses (bar and retail shop) on the main level; - Three modern, renovated apartments on the second floor provide rental income
    (712) 472-3551
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    202 1St Ave Rock Rapids, IA 51246
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