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    Cherokee, IA
    Residential Income

    Cherokee, IA Residential Income Properties for Sale

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    Aurelia, IA Quimby, IA Alta, IA Marcus, IA Sutherland, IA Holstein, IA Paullina, IA Storm Lake, IA
    Mixed-Use Property with Apartments
    Updated: Sep 18
    Mixed-Use Property with Apartments

    115 E Main Street, Cherokee, IA 51012

    $190,000
    0.07 AC lot
    Two fully leased commercial spaces on the ground floor
    Three residential apartments above the commercial spaces
    Mixed‑use building located at 115 E Main Street in downtown Cherokee
    0.07‑acre property
    Built in 1919
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    Updated Duplex with Three-Car Garage
    Updated: Sep 15, 2025
    Updated Duplex with Three-Car Garage

    222 & 224 W Elm Street, Cherokee, IA 51012

    $140,000
    1,952 sqft 0.11 AC lot
    Duplex with 1,952 square feet and two residential units
    Main‑floor unit includes eat‑in kitchen, dining room, living room, bedroom, and full bath
    Second‑floor unit includes kitchen, living room, bedroom, bath, and possible bedroom or den
    New roof, siding, windows, and majority of flooring
    Three‑car garage with shop area and alley access
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 2 Active listings in Cherokee, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 3 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Four-Unit Multifamily Property
    Four-Unit Multifamily Property

    107 SENECA ST, Storm Lake, IA 50588

    $230,000
    3,537 sqft 0.20 AC lot

    Seven bedrooms, four bathrooms, separate utilities, and three occupied units support ongoing rental operations.

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    Updated Duplex with Two Units
    Updated Duplex with Two Units

    718 SENECA ST, Storm Lake, IA 50588

    $167,000
    2,488 sqft 0.14 AC lot

    Two separately arranged apartments offer three- and four-bedroom layouts with one full bathroom each.

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    Updated Multifamily Apartment Buildings
    Updated Multifamily Apartment Buildings

    100 E 1St Avenue, Arthur, IA 51431

    $474,900
    0.91 AC lot

    Two-building apartment property with a mix of one- and two-bedroom units, including five remodeled residences.

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    11-Unit Apartment Buildings
    11-Unit Apartment Buildings

    100 E 1St Avenue, Arthur, IA 51431

    Contact for pricing
    7,242 sqft 0.78 AC lot

    Two apartment buildings include remodeled units and off-street parking.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Land in Kingsley, Iowa
    Land in Kingsley, Iowa

    Brides Circle Dr, Kingsley, IA 51028

    $75,000
    2.31 AC lot

    Development opportunity in the heart of Kingsley, Iowa.

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    Ready-to-Build Residential Lot
    Ready-to-Build Residential Lot

    Oyens, 51045

    $9,500,000

    Circular-shaped residential lot in a gated enclave, positioned for panoramic views with construction readiness.

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    Ready-to-Build Gated Community Lot
    Ready-to-Build Gated Community Lot

    Oyens, 51045

    $11,500,000

    Buildable lot within a gated enclave of ten properties in LARES, La Asunción, Donato Guerra.

    View details

    Cherokee, IA Residential Income Properties Market Trends and Statistics

    Explore 2 residential income properties for sale in Cherokee, IA on our real estate platform. These investment opportunities span a total of 1,952 square feet of properties for sale, with an estimated market value of $330,000.

    Sale prices for residential income properties in Cherokee, IA start at $140,000, averaging $165,000, and reaching up to $190,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Multifamily properties 2
    Duplexes 1

    Demographics Overview

    Population 6,313
    Population Growth (5Y) -1.1%
    Median Household Income $56,964
    College Educated 28.5%

    High-Yield Neighborhoods for Investment

    Identify Cherokee submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    51012 $140K

    Taxes & Financing

    Tax Rate (average for all types) 2.31%
    Property Tax per SF $31.81 per SF
    Tax Rate vs County Average 0.32 pp above county avg
    Average Loan-to-Value 65.0%

    Total CRE Inventory on Market (SF)

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