1501 Hill Ave Spirit Lake, IA $ 900,000
1501 Hill Ave
$ 900,000
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1501 Hill Ave

Spirit Lake, IA, 51360
$ 900,000
Bedrooms-- Baths-- Sq 8,064

Monthly Estimate*

$ 5,541

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Commercial Property for sale in Spirit Lake, IA

for $900,000. This 8,064 square foot building was built in 1969 on a lot size of 0.34.

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.

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Commercial Active

Price

$ 900,000

Property Type

Commercial

Taxes

$ 4,538

Style

Commercial

Lot Size

0.34

Year Built

1969

Town/City

Spirit Lake

County/Region

Dickinson

MLS | Web ID

260047

Features
Interior
Interior Features Pvt Resident Bldg
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General
Sewer Public Sewer
Construction Concrete Block
Heating Baseboard
Cooling Window
Roof Asphalt
current use Residential
Flood Zone Unknown
Exclusions 0
Number of Units 8
Class COMMERCIAL
Assessments No
Type Commercial
Yearly Taxes 4538
Tax Year 2024
Fuel Natural Gas
Status Active
Subdivision IA
Sale/Rent For Sale
Status Detail 0
Construction Materials Other
Primary City Spirit Lake
Year Built 1969
City Spirit Lake
Total Sq Ft 8064
DOM 0
Secondary City Dickinson County
Postal Code 51360
Potential Short Sale No
Price Per Sq Ft Total AG 111.61
Public Remarks 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 i
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Exterior
Waterfront 0
Number of Parking Spaces 8
Lot Size Source Assessor
Water Source Public/City
Parking Features Detached Garage
Number of Overhead Doors 8
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* Excluded Features
List By
Gretchen Lolis

Listing Agent

Hinn Real Estate

Broker

(201) 838-4965

Phone

gretchen@hinnrealestate.com

Email

Affordability Calculator

$5,920
Per Month
94%
6%
0%
Monthly Principal & Interest
$5,541
Monthly Property Taxes
$378
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1883306 Elementary School
1883255 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/23/2026$900,000 Listed Price

Map


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1501 Hill Ave, Spirit Lake, IA, 51360 is a Commercial Property for sale at $900,000 with 8,064 sqft and a lot size of 0.34. 1501 Hill Ave was built in 1969. The property's zip code is 51360 which is in Spirit Lake, IA