Mixed-Use Land for Sale in Rock Rapids, Iowa
202 First Ave, Rock Rapids, IA 51246
Endless Potential in the Heart of Rock Rapids Opportunity awaits with this distinctive historic building located on Main Street in downtown Rock Rapids. Bursting with charm and character, this property is ideal for entrepreneurs, investors, or business owners looking to make their mark. Currently producing income, the main level features two active businesses: a popular bar and a retail shop. The second floor has been thoughtfully renovated and offers three modern apartments--perfect for steady rental income. The expansive third floor remains unfinished, presenting a blank canvas for additional residential units, offices, or creative studio space. Whether you're seeking a solid investment, a mixed-use development opportunity, or a chance to restore a piece of local history, this property offers the flexibility and location to make it happen. Don't miss your chance to unlock the potential of this one-of-a-kind building..
Location
- Street address
- 202 First Ave
- County
- Lyon County
- Elevation
- 1,348 feet
Property details
- Lot size
- 0.15 acres6,534 sq ft
- MLS #
- NWIBR 828715
- Posted
Property taxes
- 2023
- $1,796
Parcels
- 350000014600000
Legal description
ROCK RAPIDS O. T. E 66' OF LOTS 1, 2, 3 & 4, BLK 14
Details and features
Listing
- Type
- Commercial Sale
Structure
- Stories
- 3
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Oct 21, 2025 | Price drop | $399,000 | $31,000 -7.2% | NWIBR |
| July 10, 2025 | Price drop | $430,000 | $15,000 -3.4% | NWIBR |
| May 17, 2025 | New listing | $445,000 | — | NWIBR |