701 240th Avenue, Arnolds Park, IA 51331
- Added:
- May 22, 2025
- Days on Market:
- 402
- Last Refresh:
- Jun 27 at 11:06 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 sq ft storage unit built in 1994
- Features 14‑ft high overhead doors for easy access with large vehicles, boats, or RVs
- Has heat and electricity, plus stubbed‑in water and plumbing
- Versatile space with potential for storage, workshop use, or customization
Overview
Located at 701 240th Avenue in Arnolds Park, Iowa, the property is described as being conveniently close to the water, making it well suited for storing seasonal recreational gear. With drive-in overhead door access and dedicated interior space, the layout can be used to keep belongings protected while maintaining straightforward entry and exit for larger equipment.
For buyers, the combination of climate support (heat), electrical service, and stubbed-in plumbing can reduce upfront work if you’re planning a customized storage or workshop-style environment. The tall overhead doors also improve usability for boats, RVs, or other larger recreational vehicles that benefit from higher-clearance access. This is a purpose-built storage option for owners who want more than basic storage and are looking for a unit that can be tailored to their needs.
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
