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Nearly One-Acre Multi-Family Zoned Lot
For Sale
$50,000
Pending

1329 3rd Ave, Sheldon, IA 51201

Residentially zoned parcel in south Sheldon offering flexibility for multiple housing and community uses.

Property SizeContact for details
Lot Size0.93 Acres
Days on Market86

Property Features for 1329 3rd Ave

General Information

Standard status Pending
Lot size 0.93 Acres
Property subtype Land
Zoning RM

Taxes and HOA fees

Annual Taxes $546
Listing Agency: ISB Services Inc
Listed By: Corey Elgersma
Source: Exprealty
Added: May 19 Changed: Aug 8 Last Checked: Jul 6 at 8:41PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ISB Services Inc

Investment Insights

Based on property information with market context.

This nearly one-acre lot (.93-acre) is available for a range of residential and community-oriented development concepts. The property is zoned RM – Multiple Family Residential, and the listing outlines several anticipated uses, including condominiums, duplexes, townhouses, single-family residences, and group residential multiple-family apartment-style development. The zoning also contemplates options tied to Iowa Code definitions for family homes, along with government or public use buildings, park and recreational services, and religious assembly such as churches. The seller notes additional uses may be possible but would require further planning and zoning approval.

The site is located in south Sheldon at 1329 3rd Ave. As a land offering, it is suited for developers and owner-users looking to pursue a straightforward entitlements path within the RM zoning framework, or to evaluate additional permitted or conditionally permitted ideas that may need additional approvals.

For buyers, the RM zoning flexibility makes this a practical fit for housing formats such as duplexes, townhomes, or condominiums, as well as community uses like parks, public facilities, and religious assembly. Final feasibility for any concept beyond the listed anticipated uses would depend on the additional planning and zoning approvals referenced in the remarks.

Key Highlights

  • .93‑acre lot in south Sheldon with RM – Multiple Family Residential zoning
  • Zoning allows a variety of housing and community uses, including condominiums and duplexes
  • Permitted uses referenced include family homes, townhouses, and single‑family residential

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Building Supply Law Firm HVAC Service Real Estate Agency Pharmacy (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

470
Businesses Nearby

Demographics for 51201, IA

6,408
Population
2,776
Households
2.3
Avg Household Size
38
Median Age
21%
College-Educated
88%
High-School Grad
115.7 sq mi
ZIP Area
55
Density / Sq Mi
$70,592
Median Household Income
$40,182
Median Earnings
$842
Median Rent
$182,500
Median Home Value
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - Residentially zoned parcel in south Sheldon offering flexibility for multiple housing and community uses.
Where is this residential land & home lot located?
The property is located at 1329 3rd Ave Sheldon, IA.
What is the asking price?
The asking price for this property is $50,000.
What are key features of this property?
This property features: .93‑acre lot in south Sheldon with RM – Multiple Family Residential zoning; Zoning allows a variety of housing and community uses, including condominiums and duplexes; Permitted uses referenced include family homes, townhouses, and single‑family residential
More about this property
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