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    302 Main St Sanborn, IA 51248

    For Sale
    $499,999

    Commercial - Sanborn, IA

    Lot size:
    0.21 Acres
    Days on Market:
    89
    Last Refresh:
    Dec 6 at 12:06 am

    Property Features for 302 Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    0025370000
    Lot size
    0.21 Acres

    Building Details

    Year built
    1956
    Building materials
    Block, Brick
    Architectural style
    Other

    ISB Services Inc (712) 324-0104

    Listing agent Corey Elgersma (712) 324-0104

    Listing date Sep 9, 2025

    MLS# 828220 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

    Established Grocery Store in Sanborn, IA

    This is an opportunity to own the only grocery store in a rural town in Northwest Iowa, serving a community of nearly 1,500 residents. The business has a team of 7 employees and offers a range of amenities including a general grocery section, produce department, meat department, frozen foods, and dairy products, all within a 7,600 square foot facility. The sale includes existing inventory. The property is located on a 0.21-acre lot. The utilities are provided by Sanborn Municipal Utilities for electricity, water, sewer, garbage, and recycling, with an average monthly total cost of $2474.00. The property is located at 302 Main Street, Sanborn, IA 51248.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sanborn Foods Grocery Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Sanborn
    County
    O'Brien
    State
    Iowa
    Longitude
    -95.6557
    Latitude
    43.182684

    FAQs

    What type of property is this?
    Grocery and convenience store - Profitable grocery store serving a close-knit Iowa community.
    Where is this grocery and convenience store located?
    The property is located at 302 Main St Sanborn, IA.
    What is the asking price?
    The asking price for this property is $499,999.
    What are key features of this property?
    This property features: - Only grocery store serving a town of nearly 1,500 residents.; - Well-established business with a proven track record.; - Spacious 7,600 square foot facility.
    (712) 324-0104
    Request Owner's contact information
    302 Main St Sanborn, IA 51248
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    Sanborn, IA 51248
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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
    302 Main St Sanborn, IA 51248
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