1520 W Main Street, Ridgeway, 52165

Multi-Unit - Fourplex For Sale


MLS® #: 20193706

HUGE Investment Opportunity located right on the heavily traveled Hwy 9 between Decorah and Cresco! This one is a no-brainer folks. This property already has a four-plex apartment building with potential per month rent of $1600-$2000 but the bonus is the 4.76 acres of bare land with highway access. The travel count per day is 2,600 vehicles so this could be a prime spot for numerous businesses. The owners and I talked about a potential truck stop as a great possibility. With the way Ridgeway is growing it could also be a new housing subdivision as it is adjacent to the softball field. Currently two of the four one bedroom apartments are leased and the other two could be easily leased but this property is in an estate and the owners would like to sell it quickly. The new owner(s) can choose their renters or how they would like to run the property.

Essential Information

MLS® #: 20193706
Price: $199,000
Bedrooms: 4
Bathrooms: 3.75
Square Footage: 3,882
Acres: 4.92
Year Built: 1900
Type: Multi-Unit
Sub-Type: Fourplex
Status: Active

Community Information

Address: 1520 W Main Street
Area: Winneshiek
City: Ridgeway
State: IA
Zip Code: 52165


Parking Spaces: 5
Parking: Parking Spaces, Paved
# of Garages: 1
Garages: Attached


Heating: Forced Air
Cooling: Window Unit
Stories: 1 Story, Quadruplex


Exterior: Wood Lap
Exterior Features: RV Parking
Lot Description: Buildable Site, Corner Lot
Roof: Asphalt

School Information

Elementary: Crestwood
Middle: Cresco
High: Crestwood

Additional Information

Zoning: HWY-1

Listing Details

Listing Agent: Emily Koch
Listing Office: Keller Williams Legacy Group


$/SqFt: $51

IDX Data comes from Northeast Iowa Regional Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.

Listing information last updated on August 19th, 2019 at 7:52am CDT.