41 W 1st St, Riverside

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 rent out each of the three spaces – two upstairs one-bedroom apartments plus the entire main street level. Or, reside in the main level area (with one bedroom/ kitchen /laundry bathroom) and 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 rent out or set up and operate your 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 West First Street. 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 Caseys convenience store/ 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 combo one-bedroom residence. Prior to that, the space was occupied by VintageVille (kitsch, collectibles, art & antiques).

Property Details

Information deemed reliable but not guaranteed

Who To Contact

David Mattingly, REALTOR 319-936-5701 319-887-7217 dmattingly@cbrep.com Agent Profile