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    114 S Main St Lenox, IA 50851

    For Sale
    $95,000

    Commercial Building - Lenox, IA

    Days on Market:
    209
    Last Refresh:
    Dec 7 at 6:06 pm

    Property Features for 114 S Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement, Kitchen
    Parking features
    Garage, Garage - Attached
    Basement Y/N
    1

    Building Details

    Year built
    1916
    Year renovated
    1916
    Floors in Building
    3
    Building materials
    Brick
    Roof type
    Rubber
    Architectural style
    Other

    United Country Southern Iowa Real Estate (712) 621-1960

    Listing agent Rhonda Triggs (712) 621-1960

    Listing date May 13, 2025

    MLS# 11280071 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

    Historic Brick Hotel Building

    This historic three-story brick hotel building is located in Lenox, Iowa. The building is listed in the National Register of Historic Places. The exterior has been maintained, featuring a restored brick facade with tuck pointing and fresh paint. A commercial roof coating has been installed. The building retains its original charm, including intricate brickwork and a detailed front porch with a double staircase. The interior is ready to be gutted. The building offers a spacious layout with three expansive floors and a basement. Potential uses include a boutique hotel, residential apartments, a wedding venue, or a mixed-use development with commercial spaces. The property benefits from interest in historic properties and the potential for returns on investment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hotels

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Lenox
    County
    Taylor
    State
    Iowa
    Longitude
    -94.559201
    Latitude
    40.881394

    Nearby Similar for Sale

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      Fully equipped restaurant and bowling alley in Lenox, Iowa.
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    • $179,000
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      Established Service Station in Lenox

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    FAQs

    What type of property is this?
    Hotel - Three-story historic brick hotel in Lenox, Iowa.
    Where is this hotel located?
    The property is located at 114 S Main St Lenox, IA.
    What is the asking price?
    The asking price for this property is $95,000.
    What are key features of this property?
    This property features: - Listed in the National Register of Historic Places; - Prime location in the heart of Lenox, Iowa; - Solid, well-maintained exterior with restored brick façade
    (712) 621-1960
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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
    114 S Main St Lenox, IA 50851
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