41 W 1st St, Riverside

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Sale Price $139,500.00 ▪ MLS: 202202814

Are you interested in an income property? If not, what about living and/or working in an Historic building in downtown Riverside, Iowa? Need a new challenge? The possibilities are up to you! This Historic 1895 brick gem offers plenty of options! For starters, you could LEASE each of the three spaces. RENT the two upstairs one-bedroom apartments plus LEASE the entire main street level. The main level already has a kitchen /laundry/ bathroom for a break-room area. Run your business from the main level while renting out the two upstairs apartments. Or rent out one of the apartments (the north apartment is currently rented, but the tenant has no lease agreement at the moment, even though he’s lived there for 11 years) and live in the other apartment. (Which was occupied by a tenant for seven years while she worked in Lone Tree.) Or, you could occupy both upstairs apartments /or remodel them into one large apartment, and lease out or set up to operate your own business in the lower main street level. It just depends on what you’re keen to do. Do you have a BIG idea you want to implement? Are you bored with retirement? Do you want to start a new business? Do you want a place to call home when you come to Hawkeyes games? What about setting up an Air BnB? (You could offer accommodation that’s less expensive than the casino’s, for instance.) This opportunity is located on the main highway through Riverside, Hwy 22 (aka First Street). It’s just a few minutes to get to US Highway 218. Or a quick, five minute drive to Kalona – Amish quilt country, 15 minutes to Iowa City /Coralville and the University of Iowa, or just 20 minutes east to Muscatine or south to Washington. Forty-five minutes north on Hwy. 218 to Cedar Rapids and its convenient airport. Two hours west to Des Moines or four hours on I-80 to Chicago. Riverside, Iowa is a friendly bedroom community. Population is around 1,000. The ‘natives’ are welcoming. Expect people to wave at you while you walk your dog to the local parks /pond /river / walking trails. Or, while you’re driving your children to the local elementary school. (And, FYI if interested, Highland High School has several active competitive sports programs.) Or if you like entertainment, the Riverside Casino and award-winning Blue Ridge Golf Course is just two-miles east of 41 W. 1st St. The top-notch casino has all the amenities you may expect. Riverside is also Captain James T. Kirk’s birthplace and home to the annual Trek Fest, which is a fun summer weekend at the end of June. Including a parade that passes by your new front door. The volunteer-run Riverside History Museum is also worth visiting. Currently, Riverside offers the U of I Healthcare River Crossing Medical Center and convenient drive-up pharmacy, a volunteer fire department, three churches, two restaurants, three beauty shops, a masseuse, Madeline’s coffee shop, the local bank is across the street - with a 24-hour ATM, a veterinarian, two convenience stores/ gas stations, a Dollar-General, at least one good mechanic, a 24-hour Kum-n-Go convenience store/ gas stop, Subway (sandwich shop), a friendly Senior Village, a post office, a laundromat/car wash, a dance studio, a professional photographer, a Tae Kwon Do studio, a bric-a-brac shop, as well as the usual seed companies and farm implement dealers (being in the heart of Iowa). Bike paths, walking trails, a new children’s playground, tennis courts, baseball diamonds and much much more! Sharon Telephone Co. fiber optic network is already installed at the building, providing you options such as ultra-fast fiber Internet, reliable digital TV and crystal clear phone services. The installers mentioned that one network connection would reach the entire building. How does that sound? Most recently, the main level was a recording studio. Prior to that, the space was occupied by VintageVille (kitsch, collectibles, art & antiques).

Directions: Hwy 218 South to Exit 80. Right on Hwy 22 to Riverside. Property on the RT at 41 W. 1st St (also known as Hwy 22)

Property Details

MLS #: 202202814
Sale Price: $139,500.00
Year Built: 1880
Sq Ft: 3000
Business: Food Services, Office Building, Retail Store, Live/Work
Construction: Brick, Other
Floor Type: Concrete Slab/Grade, Carpet, Wood
Financing: Cash, Conventional
Utilities: Electricity, Natural Gas, Sewer, Water-City
Acreage: 0.07
Lot: 25x130
Frontage: County/City Road, State Highway, US Highway
Energy Generation: Gas, Steam/Hotwtr
Heat/Cooling: Wall Unit, Window Unit

Information deemed reliable but not guaranteed

Who To Contact

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Chris Shooter Lehman

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