51351, IA Milford, 1804 Okoboji Avenue

General Description

Commercial property for sale at 1804 Okoboji Ave in Milford. This is a rare opportunity to own a three-parcel commercial property offering multiple income-producing and development options in a high-traffic, high-visibility location near Highway 71. The main building, formerly used as a chiropractor office, sits on approximately 0.25 acres and offers strong potential for a duplex conversion, short-term rental, or continued office or retail use. Recent updates include two egress windows in the basement for additional living space, a new air conditioning system installed in summer 2025, and a new upstairs furnace installed in winter 2025. The middle parcel includes approximately 0.12 acres with a 24’ x 48’ garage or shop, ideal for storage, business use, or rental income. The back lot, located off P Avenue, consists of approximately 0.20 acres of vacant land with excellent potential for a new shop, storage units, or future expansion. The property offers flexible development options, including keeping all three parcels, combining lots for a larger build, or creating multiple income streams. Approximate lot dimensions are 146.5’ x 75’ for the main lot, 70’ x 75’ for the middle lot, and 95’ x 92’ for the back lot. In total, the property spans approximately 0.57 acres across three separate parcels, providing flexibility and added value for investors or business owners.

Legal: 6-98-36 N 75' OF S 421' OF W 183' OF NW SW EXC HWY ROW MISC TRACTS & N 1/2 LOT 7 STERNBERG'S 2ND SUDIV & 6-98-36 TRT 70' X 75' IN NW SW MISC TRTS