- For Sale $999,900
- Property Type Other
- Property Size 41,421 SF
- Units 45
- Lot Size 2.86 Acre
- Property Tenancy Multi-Tenant
- Year Built 1965
- Year Renovated 2003
- Date Updated Nov 9, 2026
Description
Located on the corner of IA County Rd N14 and Spruce Street in Albert City, Buena Vista County, IA, serving the Albert City-Truesdale community with nursing home and market rate apartment facilities.Discover an exceptional investment opportunity on the outskirts of Albert City! This expansive 41,421 SF property, constructed in 1965 and renovated in 2003, encompasses 29 nursing home units and 17 market rate apartments. The existing apartments bring immediate income while the nursing home (not currently utilized) could continue its current use or be repurposed for apartments/school/or another other use you can envision. Boasting solid construction and situated in a prime location, this property offers limitless potential for a variety of applications. With its versatility and ample space, this property is a rare find in today's market. Don't miss out on the endless possibilities and watch your vision come to life in this unique property. **24 Hour Showing Notice Required**
Highlights
- 46 units (29 nursing home, 17 apartments) for versatile use
- Expansive 41,421 SF building
- Parklike setting
- Solid construction from 1965 with updates as recent as 2003
False
Contacts
Lawrence Jensen
NAI United
Location
Contact Listing Broker
Lawrence Jensen
NAI United