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    300 Chestnut St Elliott, IA 51532

    For Sale
    $295,000

    Grain Storage & Salon - High Return Potential

    Property size:
    1,800 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 1.88-acre mixed-use property at 300 Chestnut Street in Elliott, Iowa, presents a compelling investment opportunity. The property boasts a rich history, originally serving as the town's grain elevator. Now, it offers a unique blend of income-generating assets. Five grain bins provide substantial private grain storage capacity, totaling 285,000 bushels. This established storage operation offers immediate income potential and strong future prospects within the agricultural sector. Complementing the grain storage is a separate metal building currently leased to a thriving salon business. This adds a diversified revenue stream and demonstrates the property's versatility. The 1,800 square foot metal building is subject to existing tenant rights, requiring 24-hour notice for showings. This ensures the current tenant's business operations are not disrupted. The property's location in Elliott, Iowa, offers access to a strong agricultural market and provides a solid foundation for continued growth and profitability. This is a rare opportunity to acquire a well-established, income-producing property with significant potential for future expansion and development. The combination of established grain storage and a successful salon business makes this a truly unique and attractive investment. Serious inquiries are encouraged.

    Property Features for 300 Chestnut St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    1,800 SF
    Lot Size
    81,893 SF
    Property Profile 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
    -95.16132
    Latitude
    41.149

    Nearby Comparable

    • $295,000
      1,800 SF

      Commercial Property with Grain Storage

      Unique commercial property with grain storage and leased retail space.
      300 Chestnut St, Elliott, IA 51532
      View Details
    • $175,000
      Pending

      Well-Maintained Griswold Multi-Unit Dwelling

      Professionally managed 5-plex with laundry and tenant-paid utilities.
      502 2Nd St, Griswold, IA 51535
      View Details

    Nearby Similar for Sale

    • $295,000
      1,800 SF

      Commercial Property with Grain Storage

      Unique commercial property with grain storage and leased retail space.
      300 Chestnut St, Elliott, IA 51532
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Grain Storage & Salon - High Return Potential
    Where is this mixed-use property 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.
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    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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