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    114 S Prairie St Russell, IA 50238

    New
    For Sale
    $200,000

    Retail, Commercial Sale - Russell, IA

    Lot size:
    0.33 Acres
    Days on Market:
    3
    Last Refresh:
    Dec 7 at 10:06 pm

    Property Features for 114 S Prairie St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    1206230007
    Parking features
    Paved or Surfaced
    Lot size
    0.33 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1940
    Number of units
    1
    Building materials
    Metal Siding
    Architectural style
    Other

    Masters Realty LLC (641) 774-8676

    Listing agent Hilary Masters (641) 774-8676 License #***

    Listing date Dec 5, 2025

    MLS# 6334169 Listing URL

    Copyright © 2025 NoCoast 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 Market with Outdoor Amenities

    This is an opportunity to acquire an established business with an existing reputation. The sale of The Last Chance Market includes all inventory, supplies, and equipment. Outdoor amenities include a half-block of land with a patio, stage, furniture and private yard area. These features are suitable for hosting events or live entertainment. The property is located in Russell, Iowa, within Lucas County. The lot size is 0.33 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Restaurant Auto Repair Shop Hotel & Motel Department Store Bar & Pub Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Russell
    County
    Lucas
    State
    Iowa
    Longitude
    -93.197824
    Latitude
    40.982951

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    FAQs

    What type of property is this?
    Grocery and convenience store - Well-established market with inventory, equipment, and outdoor event space.
    Where is this grocery and convenience store located?
    The property is located at 114 S Prairie St Russell, IA.
    What is the asking price?
    The asking price for this property is $200,000.
    What are key features of this property?
    This property features: - Includes all inventory, supplies, and equipment for immediate operation; - Half-block of land featuring a patio, stage, furniture, and private yard area; - Ideal for hosting events or live entertainment
    (641) 774-8676
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    Russell, IA 50238
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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 Prairie St Russell, IA 50238
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