Warehouse With Three Overhead
For Sale
$365,000
16390 252nd Avenue, Spirit Lake, IA 51360
COMMERCIAL, Spirit Lake, IA
Property Size4,000 SF
Price / SF$91.25
Days on Market93
Property Features for 16390 252nd Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Driveway
Directions
Take 165th St (Hawn Road) go North on 252nd Avenue (gravel by other storage units) and follow it back into the North.
Subdivision
Dickinson
Standard status
Active
APN
10152004 & 10152005
Taxes and HOA fees
Tax Year
2024
Tax Description
Lots 14 and 15, Hawn Storage Park, Dickinson County, IA EXACT LEGAL AS PER ABSTRACT
Tax Annual Amount
1180
Legal Description
Lots 14 and 15, Hawn Storage Park, Dickinson County, IA EXACT LEGAL AS PER ABSTRACT
Building Details
Year built
2017
Building materials
Steel Siding
Listing Agency:
RE/MAX Lakes Realty · RE/MAX International
(712) 336-4967
Listed By:
Deb Goetzinger · License #B27135
(712) 330-1232
Added: Jul 7
Changed: Sep 10
Last Checked: Oct 7 at 7:06PM
MLS# 260776
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.
Built in 2017, this 4,000-square-foot warehouse provides a straightforward storage configuration with concrete flooring throughout. The 50-by-80-foot steel-sided building includes three overhead doors, each measuring 12 feet wide by 14 feet high, supporting access for a range of storage needs.
The property at 16390 252nd Avenue in Spirit Lake, Iowa, also includes an extra lot. That additional land may accommodate more parking or a future structure, subject to applicable approvals and site considerations. The existing building is offered for continued use as storage, with a driveway providing on-site access.
The property at 16390 252nd Avenue in Spirit Lake, Iowa, also includes an extra lot. That additional land may accommodate more parking or a future structure, subject to applicable approvals and site considerations. The existing building is offered for continued use as storage, with a driveway providing on-site access.
Key Highlights
- 4,000‑square‑foot storage building
- 50‑by‑80‑foot building constructed in 2017
- Three overhead doors, each 12' Wide x 14' High
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,008
Cap Rate
6.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$440,160
$440.2K
Cap Rate 7%
$314,400
$314.4K
Cap Rate 9%
$244,533
$244.5K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$27.8K $6.96/SF
− Vacancy
−$1.9K −$0.49/SF
EGI
$25.9K $6.47/SF
− OpEx
−$3.9K −$0.97/SF
NOI
$22.0K $5.50/SF
Area
Dickinson County, IA
Vacancy
7.00%
Lease Rate
$6.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$440,160
Cap Rate 7%
$314,400
Cap Rate 9%
$244,533
Alternative Uses
Best Use
Warehouse
$314.4K
$275.1K – $366.8K
NOI $22,008 @ 7.0% cap · market cap 6.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$875.0K
$765.6K – $1.02M
NOI $61,248 @ 7.0% cap · market cap 16.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
262
Businesses Nearby
Balanced
Demand for This Use
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Warehouse - Steel-sided storage building with concrete floors and an additional lot.
Where is this warehouse located?
The property is located at 16390 252nd Avenue Spirit Lake, IA.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: 4,000‑square‑foot storage building; 50‑by‑80‑foot building constructed in 2017; Three overhead doors, each 12' Wide x 14' High
