Address
1204 5th Street, Nevada, IA
Price
$ 395,000
Property Attributes
  • MLS#748017
  • TypeSingle Family
  • Listing Status Active
  • CountyStory
  • CityNevada
  • AreaNevada
  • Zip50201
  • Style
  • Year Built1900
  • Taxes$ 4140
  • Price$ 395,000
  • Bedrooms4
  • Full Bathrooms2
  • Half Bathrooms1
  • Sqr Footage5797
  • Lot Size0.3857 Acres
Data Source:
Des Moines Area AOR (DMAAR)
Property Description

Opportunity awaits at 1204 5th Street in Nevada, a unique and versatile property offering an incredible amount of space and possibilities in a highly visible location along Lincoln Highway. With nearly 6,800 square feet of finished space amongst all levels, multiple residential units, extensive garage space, and ample concrete parking, this property presents an exciting opportunity for an investor, business owner, or someone looking for a truly one-of-a-kind property. The expansive main level features a beautiful open wood staircase, accessible restroom, and flexible space that could accommodate a variety of office, retail, or other uses. Upstairs, the second level features two 2-bedroom apartments, providing an opportunity for rental income while utilizing the main level for another purpose. Both apartments have benefited from significant updates. The second floor also includes a shared laundry area and one unit has access to a rooftop deck. The property also includes a large finished basement with approximately 1,100 finished square feet, providing even more usable space for storage, operations, recreation, or other needs. Garage and parking space are another major highlight. The property features an approximately 1,000-square-foot attached garage with three overhead doors, along with an additional 525-square-foot detached garage. Combined with plenty of concrete parking, there is plenty of room for vehicles, equipment, tenants, etc.

Price History
8/26/2026 Listed $395,000

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in 50201

Price
AVG $300K
$400K
Taxes
AVG $3,129
$4,140
Year Built
AVG 1945
1900

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