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    102 W Illinois St Lenox, IA 50851

    For Sale
    $179,000

    Commercial Business - Lenox, IA

    Property size:
    3,234 SF
    Days on Market:
    35
    Last Refresh:
    Dec 7 at 7:06 am

    Property Features for 102 W Illinois St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    200
    Rooms
    Bathroom 1
    Bathrooms
    1
    Parking features
    Garage
    Size
    3,234 SF

    Building Details

    Year built
    1946
    Year renovated
    1946
    Floors in Building
    1
    Roof type
    Metal
    Architectural style
    Other

    Preferred Properties of Iowa, Inc. (641) 333-2705

    Listing agent Maury Moore (641) 333-2705

    Listing date Nov 3, 2025

    MLS# 11483539 Listing URL

    Copyright © 2025 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Established Service Station in Lenox

    This commercial property, suitable for auto shops, automotive businesses, retail, or a gas station, is located just off Main Street near City Hall in Lenox, Iowa. The property has been under the same ownership for over 50 years. The west building, added in 1979, features updated windows. The shop includes two large doors to accommodate multiple vehicles and an in-floor lift. The property size is 3,234 square feet.
    Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Hamilton Repair LLC, JS Auto Services, Sweeney Repair, D n A Classic Performance, Don's Body Shop

    Location Insight

    • Map
    • Local Demand
    City
    Lenox
    County
    Taylor
    State
    Iowa
    Longitude
    -94.559509
    Latitude
    40.880585

    Nearby Similar for Sale

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    • $95,000

      Historic Brick Hotel Building

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    FAQs

    What type of property is this?
    Auto shop - Well-established service station available in Lenox, Iowa.
    Where is this auto shop located?
    The property is located at 102 W Illinois St Lenox, IA.
    What is the asking price?
    The asking price for this property is $179,000.
    What are key features of this property?
    This property features: - Established service station business with 50+ years of same ownership.; - Prime location off Main Street near City Hall.; - Includes all inventory and tools for immediate operation.
    (641) 333-2705
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    102 W Illinois St Lenox, IA 50851
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