Outstanding Investment Opportunity in the heart of downtown Sheldon. The ground level office space consists of a reception area, conference room with french doors, 2 dedicated private offices, extra office potential, storage, 1 restroom, small kitchenette with a 1/2 bath. This space has a 3-year lease in place and rents for $1600/month. The 2nd level offers 3 studio apartments and has been completely remodeled. All 3 apartments offer 2 bedrooms, full bath, kitchen with island, appliances (refrigerator, stove, microwave, dishwasher), and a mechanical room featuring a stackable washer/dryer, hot water heater and new furnace. Currently 2 apartments have a 1 yr lease in place $1050/month.
For sale
Price cut: $40K (3/11)
$490,000
321 9th St, Sheldon, IA 51201
6beds
8,448sqft
Est.:
Multi Family
Built in 1900
-- sqft lot
$-- Zestimate®
$58/sqft
$-- HOA
What's special
Mechanical roomDedicated private officesExtra office potentialNew furnaceHot water heaterReception areaKitchen with island
- 98 days
- on Zillow |
- 116 |
- 1 |
Zillow last checked: 7 hours ago
Listing updated: March 18, 2025 at 12:22pm
Listed by:
Jacqueline Maassen 712-395-1334,
Vision Realty
Source: Northwest Iowa Regional BOR,MLS#: 827393

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 5
- Full bathrooms: 3
- 1/2 bathrooms: 2
Heating
- Forced Air
Cooling
- Central Air
Interior area
- Total structure area: 8,448
- Total interior livable area: 8,448 sqft
- Finished area below ground: 2,816
Property
Lot
- Size: 6,098.4 Square Feet
Details
- Parcel number: 003176000
- Zoning: URB COMM
- Zoning description: URB COMM
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: City
Community & HOA
Location
- Region: Sheldon
Financial & listing details
- Price per square foot: $58/sqft
- Annual tax amount: $1,860
- Price range: $490K - $490K
- Date on market: 1/17/2025
- Total actual rent: 4750
- Tenant pays: Electricity, Gas
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