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4 Beds
3 Baths
5,797 sqft

$395,000

1204 5th Street, Nevada IA, 50201

Price per sqft$68.14
Built in1900
Property size5,797 sqft
Property typeResidential

Overview

Active

Listed Aug 26, 2026

Updated Aug 27

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.

$2,628/mo

Est. mortgage payment based on a $395,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
748017

Interior Features

Bedrooms
4
Bathrooms
3
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.39 Acres

Other Property Details

Taxes
$4,140
Tax Frequency
Annually
Garage
Yes
55+/Senior Community
No

 

Courtesy of Re/max Concepts-Nevada, Marc Olson,
Listing Contact: (515) 382-8620 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Slavin & Partners shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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