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
- 3,500 sq ft storage unit built in 1994
- Equipped with heat and electricity, plus stubbed‑in water and plumbing
- Two 14‑ft high overhead doors with access from different points
- Drive‑through capability for vehicles, RVs, boats, or large equipment
- Designed for year‑round functionality
Overview
Located at 701 240th Avenue in Arnolds Park, Iowa, the property is described as being just minutes from the lake, which may appeal to seasonal vehicle and recreational storage. The building configuration supports straightforward arrival and staging through two separate overhead door access points.
The combination of height, drive-through convenience, and added utilities makes this unit well suited for storing RVs, boats, or large equipment, as well as for creating a hobby or light operational space where controlled access and overhead loading matter. For buyers, it presents a single-unit storage asset with practical improvements already in place, including heat, electricity, and plumbing stub-ins.
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 | $46.2k | $13.20 |
| − Vacancy | −$3.9k | −$1.12 |
| EGI | $42.3k | $12.08 |
| − OpEx | −$12.7k | −$3.62 |
| NOI | $29.6k | $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
