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    Spirit Lake, IA
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    Spirit Lake, IA Residential Income Properties for Sale

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    Orleans, IA Arnolds Park, IA Wahpeton, IA Milford, IA West Okoboji, IA Jackson, MN Lake Park, IA Estherville, IA
    7 properties
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    Near-New Ranch Duplex
    Updated: Nov 7, 2025
    Near-New Ranch Duplex

    1940 35th Street, Spirit Lake, IA 51360

    $399,000
    2,439 sqft 0.24 AC lot
    Built in 2022 near‑new ranch duplex
    Main‑level kitchen/living area plus additional lower‑level living space
    Forced air heat with central air
    Fireplace and patio overlooking the pond
    Concrete driveway and Smart Board construction
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    This listing looks promising.

    Here's a quick look at some key insights for

    1940 35th Street, Spirit Lake, IA 51360

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    • Est. Cap Rate

      5.4%
      NOI ÷ price

    • Est. NOI

      $21K
      Annual

    • Price @ 7% Cap

      $306K
      Suggested

    • Property Type

      Single Family Residence
      Built 2022
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    Renovated Waterfront Duplex
    Updated: Jul 25
    Renovated Waterfront Duplex

    10585 Crowley Avenue, Spirit Lake, IA 51360

    $779,000
    1,824 sqft 0.30 AC lot
    Renovated duplex on the shore of Big Spirit Lake
    1,824 square feet with 4 bedrooms and 2 bathrooms
    0.2993‑acre parcel with west‑facing lake views
    Basement included in the property layout
    Central air and forced‑air heating
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    New Construction Waterfront Duplex
    New Construction Waterfront Duplex

    16822 255th Street, Spirit Lake, IA 51360

    $1,990,000
    3,834 sqft

    Contemporary duplex with a walk-out lower level, second kitchen, lake access, and two laundry stations.

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    Waterfront Duplex with Walk-Out Lower Level
    Waterfront Duplex with Walk-Out Lower Level

    16822 255th Street, Spirit Lake, IA 51360

    $1,990,000
    3,848 sqft

    Contemporary duplex under construction with lake access, dual kitchens, and two laundry stations.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    New Construction Duplex
    New Construction Duplex

    3102 Spruce Court, Spirit Lake, IA 51360

    $414,900
    1,425 sqft 0.14 AC lot

    Contemporary zero-entry residence with quartz finishes, covered patio, and direct access to the Dickinson County bike trail.

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    Contemporary Duplex Unit
    Contemporary Duplex Unit

    3102 Spruce Court, Unit B, Spirit Lake, IA 51360

    $414,900
    1,425 sqft 0.18 AC lot

    Two-bedroom, two-bath residence with single-level living, an open layout, and covered outdoor space.

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    Spirit Lake Eight-Unit Apartment Building
    Spirit Lake Eight-Unit Apartment Building

    1501 Hill Ave, Spirit Lake, IA 51360

    $900,000

    Eight-unit apartment building in downtown Spirit Lake, Iowa.

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    Based on your search, we've compiled 27 Potential Opportunities for your consideration. Besides 7 Active listings in Spirit Lake, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 12 Off-Market properties to explore as potential leads, plus 4 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.

    Wetland-Adjacent Duplex
    Wetland-Adjacent Duplex

    603 202nd Street, Milford, IA 51351

    $550,000
    2,988 sqft 0.23 AC lot

    Two-level property with generous living areas, a main-floor primary suite, covered deck, and access to an association swimming pool.

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    Two-Bedroom Duplex with Sunroom
    Two-Bedroom Duplex with Sunroom

    3337 Prairie Meadow Drive, Milford, IA 51351

    $439,500
    1,416 sqft 0.18 AC lot

    Single-level duplex residence with an open layout, private primary suite, finished garage, and access to shared community amenities.

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    Triplex with Lake Views
    Triplex with Lake Views

    41 Dewey Street, Arnolds Park, IA 51331

    $699,000
    0.32 AC lot

    Three distinct residences offer a mix of vacation-oriented and long-term rental use near downtown, entertainment, and public waterfront access.

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    West Lake Okoboji Condo
    West Lake Okoboji Condo

    333 Hwy 71 N 2H, Arnolds Park, IA 51331

    $2,495,000
    2,333 sqft 1.66 AC lot

    New condo with resort-quality amenities on West Lake Okoboji.

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    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.

    Prime Waterfront Land on Okoboji
    Prime Waterfront Land on Okoboji

    2204 Manhattan Boulevard, Wahpeton, IA 51351

    $3,795,000
    0.63 AC lot

    Incredible West Lake Okoboji building lot with stunning views.

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    Estherville Land for Dream Home
    Estherville Land for Dream Home

    1663 365th Avenue, Estherville, IA 51334

    Contact for pricing
    0.67 AC lot

    Elite Country Club Estates lot ready for your dream home.

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    Commercial Lots in Graettinger, Iowa
    Commercial Lots in Graettinger, Iowa

    N Cedar Avenue, Graettinger, IA 51342

    $34,999

    Two bare lots, commercially zoned, potential for residential rezoning.

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    Residential Lots with Existing Garage
    Residential Lots with Existing Garage

    523 Strait Avenue, Worthington, MN 56187

    $30,000
    0.09 AC lot

    Two residential parcels ready to build with existing garage.

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    Off-Market Properties in Spirit Lake, IA

    Consider similar Off-Market properties in Spirit Lake, IA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    Washington Blvd
    MOBILE HOME PARK, TRAILER PARK

    Washington Blvd, Spirit Lake, IA 51360

    $225,000
    Estimated value
    0.10 AC lot
    View details
    Washington Blvd
    MOBILE HOME PARK, TRAILER PARK

    Washington Blvd, Spirit Lake, IA 51360

    $225,000
    Estimated value
    0.11 AC lot
    View details
    Washington Blvd
    MOBILE HOME PARK, TRAILER PARK

    Washington Blvd, Spirit Lake, IA 51360

    $225,000
    Estimated value
    0.10 AC lot
    View details
    Washington Blvd
    MOBILE HOME PARK, TRAILER PARK

    Washington Blvd, Spirit Lake, IA 51360

    $225,000
    Estimated value
    0.09 AC lot
    View details
    Washington Blvd
    MOBILE HOME PARK, TRAILER PARK

    Washington Blvd, Spirit Lake, IA 51360

    $225,000
    Estimated value
    0.10 AC lot
    View details
    Hl Ave
    MOBILE HOME PARK, TRAILER PARK

    Hl Ave, Spirit Lake, IA 51360

    Value Estimation by Request
    0.16 AC lot
    View details
    2408 25th St
    MOBILE HOME PARK, TRAILER PARK

    2408 25th St, Spirit Lake, IA 51360-7028

    $245,000
    Estimated value
    5.86 AC lot
    View details
    16406 255th Ave
    MOBILE HOME PARK, TRAILER PARK

    16406 255th Ave, Spirit Lake, IA 51360

    $235,000
    Estimated value
    0.14 AC lot
    View details
    255th Ave
    MOBILE HOME PARK, TRAILER PARK

    255th Ave, Spirit Lake, IA 51360

    $255,000
    Estimated value
    0.94 AC lot
    View details
    26740 105th St
    MOBILE HOME PARK, TRAILER PARK

    26740 105th St, Spirit Lake, IA 51360-7262

    $355,000
    Estimated value
    4.19 AC lot
    View details
    Spirit Lake, IA 51360
    MOBILE HOME PARK, TRAILER PARK

    Spirit Lake, IA 51360

    $225,000
    Estimated value
    0.64 AC lot
    View details
    Spirit Lake, IA 51360
    MOBILE HOME PARK, TRAILER PARK

    Spirit Lake, IA 51360

    $440,000
    Estimated value
    39.04 AC lot
    View details

    Spirit Lake, IA Residential Income Properties Market Trends and Statistics

    Explore 19 residential income properties for sale in Spirit Lake, IA, showcased through 7 active listings on our real estate platform. These investment opportunities span a total of 14,795 square feet of properties for sale, with an estimated market value of $6,887,800.

    Sale prices for residential income properties in Spirit Lake, IA start at $399,000, averaging $983,971, and reaching up to $1,990,000 — 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 7
    Duplexes 6
    Apartment buildings 1

    Demographics Overview

    Population 8,561
    Population Growth (5Y) +4.7%
    Median Household Income $77,464
    College Educated 44.0%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    51360 $911K

    Taxes & Financing

    Tax Rate (average for all types) 1.70%
    Property Tax per SF $16.92 per SF
    Tax Rate vs County Average 0.04 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Dickinson County

    New Delisted

    Total CRE Inventory on Market (SF)

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    Most Searched ZIP Codes in Spirit Lake, IA

    • 51360

    Featured Spirit Lake Real Estate Agencies

    Realmo connects you with licensed Spirit Lake CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Hinn Real Estate
    2916 Hwy 71 S Spirit Lake, IA 51360
    Phone: 17123361240
    www.buyokoboji.com

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