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    300 Chestnut St Elliott, IA 51532

    For Sale
    $295,000

    Mixed Use, Commercial Sale - Elliott, IA

    Property size:
    1,800 SF
    Lot size:
    1.88 Acres
    Days on Market:
    80
    Last Refresh:
    Dec 13 at 1:06 pm

    Property Features for 300 Chestnut St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Agriculture
    APN
    780201412048000
    Size
    1,800 SF
    Lot size
    1.88 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1984
    Number of units
    1
    Flooring type
    Concrete
    Building materials
    Metal Siding
    Roof type
    Metal
    Architectural style
    Other

    Rubey Realty (712) 623-2724 [email protected]

    Listing agent Audie Rainey (712) 623-2724 License #***

    Listing date Sep 25, 2025

    MLS# 6316445 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 Property with Grain Storage

    This unique commercial property, originally the Elliott, Iowa grain elevator, is now utilized for private grain storage. It features 5 grain bins with a total capacity of 285,000 bushels. Additionally, there is a 30'x60' metal building, approximately 1800 square feet, that is currently leased as a salon. Situated on 1.88 acres in Elliott, Iowa, this property presents a potential investment opportunity. The property is zoned for agriculture. The metal building is subject to tenants rights, requiring 24-hour notice for showings.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Three D Farms Farm

    Suggested Use

    Law Firm Auto Repair Shop Hair Salon Hotel & Motel Auto Parts Store Kitchen & Bath Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Elliott
    County
    Montgomery
    State
    Iowa
    Longitude
    -95.161246
    Latitude
    41.149118

    Nearby Similar for Sale

    • $295,000
      1,800 SF

      Elliott Mixed-Use Investment Opportunity

      Grain Storage & Salon - High Return Potential
      300 Chestnut St, Elliott, IA 51532
      View Details

    FAQs

    What type of property is this?
    Farm - Unique commercial property with grain storage and leased retail space.
    Where is this farm located?
    The property is located at 300 Chestnut St Elliott, IA.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: - Unique commercial property, formerly a grain elevator.; - Large grain storage capacity: 285,000 bushels across 5 bins.; - Includes a leased 30'x60' metal building currently used as a salon, providing immediate rental income.
    (712) 623-2724
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    300 Chestnut St Elliott, IA 51532
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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
    300 Chestnut St Elliott, IA 51532
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