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4,032 sqft

$900,000

1501 Hill Ave, Spirit Lake IA, 51360

Price per sqft$223.21
Built in1969
Property size4,032 sqft
Property typeCommercial

Overview

Active

Active Contingent-cts

Listed Feb 23, 2026

Updated Jul 24

Eight-Unit Apartment Building on the Avenue. Now is the time to invest in Downtown Spirit Lake. Hill Avenue is experiencing exciting revitalization, making this an ideal opportunity to own a strong income-producing property in the heart of it all. This well-maintained building features eight 2-bedroom, 1-bath apartments, each with garage parking—a highly desirable amenity for renters. The property also offers: Clean, spacious basement, on-site washers and dryers, ample tenant storage space. Residents will love being just steps from downtown retail shops, restaurants, and entertainment. Location, functionality, and steady rental appeal make this a smart addition to any investment portfolio. An investment property you truly have to see to appreciate.

Additional information

MLS® ID
260047

Interior Features

Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.1 Acres

Other Property Details

Garage
Yes