114 E 3RD ST, Storm Lake, IA 50588
Buena Vista County
Key Facts
Description
Unlock the possibilities with this truly unique property offering over 5,000 square feet of versatile space and dual residential/commercial zoning. Rich in history and character, this landmark property has served the community in a variety of capacities over the decades, including as a funeral home, church parsonage, daycare facility, and gathering space. From the moment you enter, you'll be welcomed by a stunning formal entry featuring original hardwood details and timeless craftsmanship that reflect the property's historic charm. The main level offers an impressive combination of large open rooms and flexible spaces that can accommodate a wide range of needs. Whether envisioned as gathering areas, meeting rooms, offices, reception spaces, lounges, classrooms, or expansive living areas, the possibilities are extensive. The second floor transitions into a more residential atmosphere, featuring multiple bedrooms, a kitchen, and comfortable living spaces that create an ideal environment for owner occupancy, staff housing, multi-generational living, or other residential uses. The partially finished attic provides two additional bedrooms, adding even more flexibility and usable space. With its unique layout and dual zoning designation, this property presents an exceptional opportunity for entrepreneurs, investors, nonprofit organizations, community groups, or buyers seeking a live-work environment. Potential future uses may include professional offices, counseling or therapy services, educational or training facilities, nonprofit headquarters, community center, event or meeting venue, co-working space, boutique lodging, assisted living or senior services (subject to approvals), group housing, church or ministry-related uses, artist studios, wellness center, daycare, mixed-use residential/commercial occupancy, or conversion to a spacious private residence. Properties with this combination of size, character, history, and zoning flexibility rarely become available!
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Style
2 Story
Year Built
1903
Living Area
5,404 sq ft
Lot Size
0.28 acres
Garage Spaces
2
Ownership
Single Family
Days on Market
29
MLS® Listing#
833408
Property Features
Heating
Basement
Parking
Laundry
Construction
Roof
Sewer
Water Source
Rooms
- Main
- Main
- Main
- Bathroom 1Main
- Bathroom 2Third
- Bathroom 3Second
- Bedroom 1Second
- Bedroom 2Second
- Bedroom 3Third
- Bedroom 4Third
- Dining RoomSecond
- KitchenMain
- KitchenSecond
- LaundrySecond
- Living RoomSecond
Schools
- Elementary:
- Storm Lake
- Middle:
- Storm Lake
- High:
- Storm Lake
Financial Details
Parcel Number
19021-14-03-401-006
Affordability Calculator
$39,800
Estimated monthly payment
$1,059/mo
Principal $159,200 · Est. interest $222,098 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Storm Lake, IA
- $385,841
- Median Listing Price
- 66
- Median Days on Market
- 1,843
- Median Sq Ft
- $209
- Median Price / Sq Ft
- 310
- Active Listings
- This home’s price is 48% below the area median.
- Its price per sq ft is 82% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Storm Lake, IA.
Location
Points of Interest in Storm Lake, IA
Showing the Storm Lake area map.
Nearby Schools
Storm Lake Community School District
Elementary · 0.1 mi away
St Mary's School
School · 0.1 mi away
Storm Lake High School
Secondary · 0.7 mi away
Early Childhood School
School · 0.7 mi away
Storm Lake Elementary School
Elementary · 1.5 mi away
Storm Lake Middle School
Secondary · 1.5 mi away
Alta Elementary School
Elementary · 5.6 mi away
Alta Aurelia High School
Secondary · 5.6 mi away
Alta High School
Secondary · 5.7 mi away
Mustangs Child Care Center
School · 10.5 mi away
Newell Fonda Community School
Secondary · 10.5 mi away
Schaller-Crestland Elementary
Elementary · 11.0 mi away
Schaller-Crestland M.S. Ridge View Middle School
Secondary · 12.4 mi away
Alta Aurelia Middle School
Elementary · 12.7 mi away
Galva-Holstein Upper Elementary
Elementary · 14.2 mi away
Albert City-Truesdale Elementary School
Elementary · 16.1 mi away
Sioux Central Community School District
Secondary · 16.4 mi away
East Sac County Elementary Sac Building
Elementary · 18.2 mi away
East Sac County Middle School
Elementary · 18.4 mi away
Bright Beginnings
School · 19.1 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1502 Memphis Avenue 5, Spirit Lake, IA | $144,000 | 3 | 2 | 990 |
| 3 27th Street 111, Spirit Lake, IA | $147,500 | 3 | 2 | 1,016 |
| 124 Superior, Storm Lake, IA | $149,900 | 3 | — | 974 |
| 107 Main Street, Lake View, IA | $150,000 | 3 | 1 | 1,415 |
| 203 W Madison St, Lake CIty, IA | $155,000 | 3 | 2 | 1,964 |
| 503 E 7TH ST, Storm Lake, IA | $160,000 | 3 | — | 1,093 |
Moving Cost Estimate
EXIT Agents in Storm Lake
Listing Courtesy: Compass Real Estate of NW IA
Presented by: Bob Bauer