2212 Okoboji Avenue, Milford, IA 51351

General Description

Exceptional investment opportunity on over an acre along Highway 71 with access from P Avenue on the east side. This versatile property features 10 fully occupied apartments with a strong rental history, plus 7 furnished dorm-style rooms offering excellent potential for Airbnb or short-term rentals. A 1,200 sq ft storage building is divided into 5 units with room for future expansion, and a separate 1,500 sq ft heated shop with water and sewer is currently rented, providing additional steady income. With prime highway visibility and ample space for further development—whether additional apartments or expanded storage—this property is ready to grow with your vision.

Legal: LOT 11 STERNBERGS PLAT & 24 FT DRIVE BTWN LOTS 10 & 11 STERNBERGS PLAT & LOT 8 STERNBERGS 3RD SUBDIVISION & S 60 FT LOT 9 STERNBERGS 3RD SUBDIVISION

Status: Active

Property Information

MLS #

251006

List Price

$1,400,000

Features

Furnished

Yes

Utilities

Fireplace

LISTED BY

NextHome at the Lakes, Bridget Johnson (712.330.1089)

PROPERTY LOCATION

MORTGAGE CALCULATOR

RE/MAX Lakes Realty

Licensed In Iowa,Minnesota Each Office Independently Owned And Operated.

712.336.4967

info@sellboji.com

Ask About this Property #251006

MARKET WATCH

Open House(11)

New Construction(118)

New Listing(29)

Price Adjustment(5)

Price Decreased(177)

COMMUNITY

The Coffee Shop & Cafe

This establishment offers a variety of coffees, espressos and smoothies plus mouth-watering baked goods--not to mention the fabulous breakfast and lunch items--made to order! There are daily specials as well as homemade soups. Did I mention this all comes with an Italian flair? The staff is amazing and the atmosphere inviting. Located at the Gateway to the Iowa Great Lakes on Okoboji Ave (Hwy. 71) in Milford. Stop in, you won't be disappointed!

Real Estate and MLS Homes For Sale in Milford

About Milford

Boulders Inn

Boulders Inn and Suites promises to make your Okoboji vacation comfortable and relaxing. This new hotel just south of Emerald Hills golf course between Milford and Arnolds Park offers 40 rooms with suites to meet your individual needs. One of the best things about Boulders Inn is that it is within walking distance of the Taco House. For some of you, I know that can be a big deal!

Real Estate and MLS Homes For Sale in Milford

About Milford Learn More