Warehouse Unit with 14-Foot
For Sale
$185,000
701 240th Avenue, Arnolds Park, IA 51331
Commercial, Arnolds Park, IA
Property Size1,750 SF
Price / SF$105.71
Days on Market527
Property Features for 701 240th Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Surrounding Areas/Other Areas
Standard status
Active
APN
0729478012
Additional Details
Property Use
Storage
Taxes and HOA fees
Tax Year
2023
Tax Description
Contact agent
Legal Description
Contact agent
Building Details
Year built
1994
Listing Agency:
Keller Williams Okoboji · Keller Williams Realty
(712) 336-1240
Listed By:
Brandon Visser
(712) 578-9264
Added: May 22, 2025
Changed: Oct 28
Last Checked: Oct 30 at 7:06PM
MLS# 828798
Copyright © 2026 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.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,750-square-foot warehouse unit was built in 1994 and is equipped with heat and electricity. Water and plumbing connections are stubbed in, and 14-foot-high overhead doors provide access for larger vehicles and recreational equipment.
The property is at 701 240th Avenue in Arnolds Park, close to the water. Its configuration supports storage or workshop use, with the existing utility connections offering a basis for further customization.
The property is at 701 240th Avenue in Arnolds Park, close to the water. Its configuration supports storage or workshop use, with the existing utility connections offering a basis for further customization.
Key Highlights
- 1,750 square feet of warehouse space
- Built in 1994
- Heat and electricity
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,628
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$192,560
$192.6K
Cap Rate 7%
$137,543
$137.5K
Cap Rate 9%
$106,978
$107.0K
Market Conditions
NOI Build-Up for 1,750 SF
Gross rent
$12.2K $6.96/SF
− Vacancy
−$853 −$0.49/SF
EGI
$11.3K $6.47/SF
− OpEx
−$1.7K −$0.97/SF
NOI
$9.6K $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%
$192,560
Cap Rate 7%
$137,543
Cap Rate 9%
$106,978
Alternative Uses
Best Use
Warehouse
$137.5K
$120.4K – $160.5K
NOI $9,628 @ 7.0% cap · market cap 5.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$382.8K
$335.0K – $446.6K
NOI $26,796 @ 7.0% cap · market cap 14.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
89
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 51331, IA
1,102
Population
1,622
Households
0.7
Avg Household Size
61
Median Age
42%
College-Educated
98%
High-School Grad
1.6 sq mi
ZIP Area
689
Density / Sq Mi
$84,615
Median Household Income
$41,765
Median Earnings
$718
Median Rent
$415,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Warehouse - Heated space includes electricity and stubbed-in water and plumbing for storage or workshop use.
Where is this warehouse located?
The property is located at 701 240th Avenue Arnolds Park, IA.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: 1,750 square feet of warehouse space; Built in 1994; Heat and electricity
