51360, IA Spirit Lake, 905 20th Street

General Description

Great Location! Located on the same block as Iowa Lakes Community College and walking distance to Downtown Restaurants and Grocery Stores! Constructed using only the finest materials. These are 2 extremely solid buildings and are constructed using Brick, Masonry, Concrete & Steel. The lot size is .96 acres (41,896 SF). The roofs on both buildings are concrete with rubber (EPDM) membranes over foam insulation and are in good condition. The former middle school was built in 1950 and the Octagon building was constructed in 1964. The Grade school was built with 8 classrooms and the original blueprints are available and go with the property. It was built to have the option of a future 2nd floor. The octagon building is approx. 3,000 sq. ft. and has vaulted ceilings with beams. They are joined together by a hallway. There is approx. 14,000 sq. ft. all on one level. The property is zoned R-3. Repurpose it to be Apartments, Condominiums, Assisted Living Facility, Nursing Home, Duplex Home, Single Family Home or a Private School. You decide! There is approx. 15,000 sq. ft. of Hard Surface Parking. Priced at less than $25/sq. ft.! Don't miss out on this Rare Opportunity. The adjacent VACANT property just sold for $240,000.00!

Legal: Lots 1-4 & Vacated Alley Blk 22 & Irreg. Trt. AKA Par "F" in Vac. Ithaca Ave. between Blks 22 & 27, DCI. Exact legal per Abstract and Warranty Deed.