302-304 S River Park Dr - Apartments FOR SALE


Guttenberg, IA 52052
$359,000 USD
641-832-8608
302-304 S River Park Dr, Guttenberg, IA for Sale
$359,000 USD
Apartments - FOR SALE
1/47
null | Request Cap Rate

302-304 S River Park Dr
Guttenberg, IA 52052


OVERVIEW

Historic Mixed-Use Investment Opportunity – Downtown Guttenberg 302 South River Park Drive | Guttenberg, Iowa Beautifully restored historic mixed-use corner building located in the heart of downtown Guttenberg, just blocks from the Mississippi River. This unique property blends timeless architectural character with extensive modern renovations, creating an exceptional opportunity for investors, entrepreneurs, short-term rental operators, or owner-occupants. The building features exposed brick walls, soaring ceilings, original hardwood floors, oversized updated windows, and stylish modern finishes throughout. Recent renovations preserve the building’s historic charm while offering move-in-ready residential and commercial spaces. Property Highlights: • Approx. 6,000 sq. ft. historic masonry building • Prime downtown corner location with excellent visibility • 5 fully rented income-producing units • Commercial storefront/office space on main level (currently Martin’s Insurance) • New roof installed in 2022 • Updated apartments with modern finishes • Renovated kitchens and bathrooms • Stainless steel appliances • Updated flooring, lighting, cabinetry, and fixtures • Full basement for storage • City utilities • Strong curb appeal and historic character The residential units showcase a modern industrial aesthetic with restored brick walls, spacious living areas, loft-style charm, and abundant natural light. Several units have been updated with fresh paint, flooring, lighting, and contemporary fixtures, creating attractive turnkey rental opportunities. The street-level commercial storefront offers excellent frontage and flexibility for professional office, retail, boutique, studio, salon, or live/work use. Located in scenic Guttenberg, Iowa, the property is within walking distance to downtown businesses, restaurants, riverfront attractions, and community events. The combination of historic architecture and modern updates makes this one of the area’s standout investment properties. Utility and income history available upon request.

FOR SALE DETAILS

PRICE

$359,000 USD

PRICE/SF

$65 USD /SF

# OF UNITS

5

PRICE/UNIT

$71,800

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1870

PARKING SPACES

1

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

C

APN/PARCEL ID

22-30-17-278-011

ASK ABOUT THIS PROPERTY

Alicia WalkeWalke InvestmentsMore Info
641-832-8608

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Alicia WalkeWalke InvestmentsMore Info
641-832-8608

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.