Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    158 Lk Dr Melrose, IA 52569

    For Sale
    $150,000

    Lots & Land, Land - Melrose, IA

    Lot size:
    2.76 Acres
    Days on Market:
    61
    Last Refresh:
    Dec 7 at 3:06 pm

    Property Features for 158 Lk Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    12017250001015
    Lot size
    2.76 Acres

    Building Details

    Architectural style
    Other

    Boutique Real Estate (515) 314-4777

    Listing agent Tiffany Ehler (515) 314-4777 License #***

    Listing date Oct 8, 2025

    MLS# 6329204 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

    Commercial Land Near Lake Rathbun

    Lot 15, located at 158 Lake Drive in Melrose, Iowa, presents a commercial opportunity with direct frontage on Hwy S70. The 2.76-acre lot is suitable for a business, shop, or mixed-use space catering to the Lake Rathbun area. Situated at the entrance to Lago Vista, the lot benefits from visibility and access. Rathbun Regional Water, Chariton Valley Electric, and fiber internet are available on the lot line.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Melrose
    County
    Monroe
    State
    Iowa
    Longitude
    -93.03111953
    Latitude
    40.891320791

    Nearby Similar for Sale

    • $184,500

      Home with Rathbun Lake Views

      Home in Indian Ridge Subdivision with views of Rathbun Lake.
      112 Arrowhead Rd, Melrose, IA 52569
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial lot with frontage on Hwy S70 near Lake Rathbun.
    Where is this commercial land located?
    The property is located at 158 Lk Dr Melrose, IA.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: - Prime commercial lot with direct frontage on Hwy S70.; - Excellent visibility and access at the entrance to Lago Vista.; - Ideal for business, shop, or mixed-use space serving Lake Rathbun area.
    (515) 314-4777
    Request Owner's contact information
    158 Lk Dr Melrose, IA 52569
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    158 Lk Dr
    Melrose, IA 52569
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    158 Lk Dr Melrose, IA 52569
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.