Log In/Sign Up
Your email has been sent.
302-304 S River Park Dr 5 Unit Apartment Building $359,000 ($71,800/Unit) Guttenberg, IA 52052
Executive Summary
Historic Mixed-Use Investment Opportunity – Downtown Guttenberg
302 South River Park Drive | Guttenberg, Iowa
Beautifully restored historic mixed-use corner building located in the heart of downtown Guttenberg, just blocks from the Mississippi River. This unique property blends timeless architectural character with extensive modern renovations, creating an exceptional opportunity for investors, entrepreneurs, short-term rental operators, or owner-occupants.
The building features exposed brick walls, soaring ceilings, original hardwood floors, oversized updated windows, and stylish modern finishes throughout. Recent renovations preserve the building’s historic charm while offering move-in-ready residential and commercial spaces.
Property Highlights:
• Approx. 6,000 sq. ft. historic masonry building
• Prime downtown corner location with excellent visibility
• 5 fully rented income-producing units
• Commercial storefront/office space on main level (currently Martin’s Insurance)
• New roof installed in 2022
• Updated apartments with modern finishes
• Renovated kitchens and bathrooms
• Stainless steel appliances
• Updated flooring, lighting, cabinetry, and fixtures
• Full basement for storage
• City utilities
• Strong curb appeal and historic character
The residential units showcase a modern industrial aesthetic with restored brick walls, spacious living areas, loft-style charm, and abundant natural light. Several units have been updated with fresh paint, flooring, lighting, and contemporary fixtures, creating attractive turnkey rental opportunities.
The street-level commercial storefront offers excellent frontage and flexibility for professional office, retail, boutique, studio, salon, or live/work use.
Located in scenic Guttenberg, Iowa, the property is within walking distance to downtown businesses, restaurants, riverfront attractions, and community events. The combination of historic architecture and modern updates makes this one of the area’s standout investment properties.
Utility and income history available upon request.
302 South River Park Drive | Guttenberg, Iowa
Beautifully restored historic mixed-use corner building located in the heart of downtown Guttenberg, just blocks from the Mississippi River. This unique property blends timeless architectural character with extensive modern renovations, creating an exceptional opportunity for investors, entrepreneurs, short-term rental operators, or owner-occupants.
The building features exposed brick walls, soaring ceilings, original hardwood floors, oversized updated windows, and stylish modern finishes throughout. Recent renovations preserve the building’s historic charm while offering move-in-ready residential and commercial spaces.
Property Highlights:
• Approx. 6,000 sq. ft. historic masonry building
• Prime downtown corner location with excellent visibility
• 5 fully rented income-producing units
• Commercial storefront/office space on main level (currently Martin’s Insurance)
• New roof installed in 2022
• Updated apartments with modern finishes
• Renovated kitchens and bathrooms
• Stainless steel appliances
• Updated flooring, lighting, cabinetry, and fixtures
• Full basement for storage
• City utilities
• Strong curb appeal and historic character
The residential units showcase a modern industrial aesthetic with restored brick walls, spacious living areas, loft-style charm, and abundant natural light. Several units have been updated with fresh paint, flooring, lighting, and contemporary fixtures, creating attractive turnkey rental opportunities.
The street-level commercial storefront offers excellent frontage and flexibility for professional office, retail, boutique, studio, salon, or live/work use.
Located in scenic Guttenberg, Iowa, the property is within walking distance to downtown businesses, restaurants, riverfront attractions, and community events. The combination of historic architecture and modern updates makes this one of the area’s standout investment properties.
Utility and income history available upon request.
Property Facts
| Price | $359,000 | Building Class | B |
| Price Per Unit | $71,800 | Lot Size | 0.07 AC |
| Sale Type | Investment | Building Size | 5,520 SF |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1870 |
| Property Subtype | Apartment | Parking Ratio | 0.18/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | C | ||
| Price | $359,000 |
| Price Per Unit | $71,800 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.07 AC |
| Building Size | 5,520 SF |
| No. Stories | 2 |
| Year Built | 1870 |
| Parking Ratio | 0.18/1,000 SF |
| Zoning | C |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | - |
| 3+1 | 1 | - | - |
| 2+1 | 1 | - | - |
1 1
Fairly walkable
40/100
Very drivable
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 22-30-17-278-011 | Improvements Assessment | $251,637 |
| Land Assessment | $34,122 | Total Assessment | $285,759 |
Property Taxes
Parcel Number
22-30-17-278-011
Land Assessment
$34,122
Improvements Assessment
$251,637
Total Assessment
$285,759
1 of 48
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Walke Investments
302-304 S River Park Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.