701 240th Avenue, Arnolds Park, IA 51331
- Added:
- May 22, 2025
- Days on Market:
- 388
- Last Refresh:
- Jun 13 at 7:06 pm
Property Features for 701 240th Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 0729478012
Taxes and HOA fees
- Tax Year
- 2023
- Tax Description
- Contact agent
Building Details
- Year built
- 1994
Listing agent Brandon Visser (712) 578-9264
Listing office Keller Williams Okoboji 565 Hwy 71 S Unit 2, Spirit Lake, IA (712) 336-1240
Listing date May 22, 2025
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.
HighLights
- Large 1,750 SF storage unit built in 1994
- 14‑foot high overhead doors for easy access with large vehicles, boats, or RVs
- Includes heat and electricity, plus stubbed‑in water and plumbing
- Suitable for storage, workshop use, or customization options
Overview
Located at 701 240th Avenue in Arnolds Park, Iowa, the unit is described as being conveniently close to the water. That proximity can be particularly useful for buyers looking for straightforward storage options tied to year-round or seasonal water-related activities.
With the combination of environmental support (heat and electricity), service-ready plumbing (stubbed in), and high-clearance overhead access, the space can work for tenants and buyers seeking room to store vehicles and toys, as well as those interested in customizing the interior for a more functional garage or workshop setup. The configuration is straightforward, and the building improvements already in place help reduce the initial work required to make the space usable for a wider range of personal and light operational uses.
Local Financial Insights For Self Storage
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.1k | $13.20 |
| − Vacancy | −$2.0k | −$1.12 |
| EGI | $21.1k | $12.08 |
| − OpEx | −$6.3k | −$3.62 |
| NOI | $14.8k | $8.45 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Arnolds Park
- County
- Dickinson
- State
- Iowa
- Longitude
- -95.11378
- Latitude
- 43.374055
