Eight-Unit Apartment
For Sale
Under Contract
$900,000
1501 Hill Ave, Spirit Lake, IA 51360
COMMERCIAL, Spirit Lake, IA
Property SizeContact for details
Days on Market217
Property Features for 1501 Hill Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Garage - Detached
Interior features
Pvt Resident Bldg
Subdivision
Dickinson
Standard status
Active Under Contract
APN
0704251001
Taxes and HOA fees
Tax Year
2024
Tax Description
Rices's Addition Lots 6 & 7, Block 33
Tax Annual Amount
4538
Legal Description
Rices's Addition Lots 6 & 7, Block 33
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Water source
Public
Amenities
on-site washers and dryers
Building Details
Year built
1969
Roof type
Asphalt
Listing Agency:
Hinn Real Estate
(712) 336-1240
Listed By:
Gretchen Lolis · License #S70594
(201) 838-4965
Added: Feb 23
Changed: Aug 19
Last Checked: Sep 28 at 1:06AM
MLS# 260047
Copyright © 2026 Iowa Great Lakes 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.
Investment Insights
Based on property information with market context.
This 1969 apartment property contains eight two-bedroom, one-bath residences, providing a consistent multifamily configuration within one building. Each apartment is associated with garage parking in detached garages. Common-area features include a clean basement, tenant storage areas, and on-site washers and dryers. Baseboard heating serves the building, which has an asphalt roof.
The property is located on Hill Avenue in Spirit Lake, with downtown retail shops, restaurants, and entertainment described as steps away. Public water and public sewer serve the site.
The apartment layout, individual garage parking, laundry facilities, basement space, and storage areas combine the primary operational features identified for the property.
The property is located on Hill Avenue in Spirit Lake, with downtown retail shops, restaurants, and entertainment described as steps away. Public water and public sewer serve the site.
The apartment layout, individual garage parking, laundry facilities, basement space, and storage areas combine the primary operational features identified for the property.
Key Highlights
- Eight 2‑bedroom, 1‑bath apartments
- 1969 construction
- Detached garage parking for each apartment
Property Analytics
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Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
470
Businesses Nearby
Explore this area
Business Placement
Demographics for 51360, IA
8,553
Population
6,638
Households
1.3
Avg Household Size
49
Median Age
35%
College-Educated
97%
High-School Grad
105.2 sq mi
ZIP Area
81
Density / Sq Mi
$77,464
Median Household Income
$41,043
Median Earnings
$1,005
Median Rent
$256,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Multi-unit property offers detached garage parking, basement storage, and shared laundry facilities.
Where is this apartment building located?
The property is located at 1501 Hill Ave Spirit Lake, IA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Eight 2‑bedroom, 1‑bath apartments; 1969 construction; Detached garage parking for each apartment
