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    117 Main St Merrill, IA 51038

    New
    For Sale
    $85,000

    Commercial - Merrill, IA

    Lot size:
    0.06 Acres
    Days on Market:
    2
    Last Refresh:
    Dec 5 at 2:06 pm

    Property Features for 117 Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    1811127016
    Lot size
    0.06 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1910
    Floors in Building
    1
    Building materials
    Brick
    Architectural style
    Other

    First Choice Realty (712) 546-5550

    Listing agent Lisa Pageler (712) 546-5550 License #B30185

    Listing date Dec 4, 2025

    MLS# 831133 Listing URL

    Copyright © 2025 Northwest Iowa Regional Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Merrill Commercial Property For Sale

    This commercial property in Merrill, Iowa, presents an opportunity for sale or lease. Partially set up for a restaurant or bar, the 2467-square-foot building offers potential for various business ventures. The back area is currently used for storage. The property benefits from its location right off Hwy 75 and includes off-street parking. The lot size is 0.06 acres. Please verify ceiling height.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Restaurant Building Supply Spa & Massage Hair Salon Auto Repair Shop Clothing Store Nail Salon Women's Store Smoke and Vape Shop Italian Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Merrill
    County
    Plymouth
    State
    Iowa
    Longitude
    -96.24675
    Latitude
    42.719982

    FAQs

    What type of property is this?
    Bar - Commercial property in Merrill, Iowa, suitable for various business ventures.
    Where is this bar located?
    The property is located at 117 Main St Merrill, IA.
    What is the asking price?
    The asking price for this property is $85,000.
    What are key features of this property?
    This property features: - Great location right off Hwy 75.; - Potential for restaurant/bar business.; - Size: **2467 SF**.
    (712) 546-5550
    Request Owner's contact information
    117 Main St Merrill, IA 51038
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    Merrill, IA 51038
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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
    117 Main St Merrill, IA 51038
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