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    507 N Elm St Jefferson, IA 50129

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    For Sale
    $299,000

    Former Dairy Queen restaurant with drive-thru, ideal for redevelopment.

    Property size:
    1,889 SF

    Property Features for 507 N Elm St

    General Information

    Size
    1,889 SF

    Building Details

    Year built
    1997

    Source: Jerry Marckres Agent Jerry Marckres

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Former Drive-Thru Restaurant For Sale

    This property, formerly a Dairy Queen drive-thru restaurant, is available for sale in Jefferson, Iowa. Situated across from a Casey's convenience store, the 1,889-square-foot building was constructed in 1997 and sits on a 0.42-acre lot. The location offers high visibility on Highway 4 (Elm Street), a major north-south arterial, with a traffic count of 7,000 vehicles per day recorded in 2024. The property features abundant on-site parking and a drive-thru, making it suitable for various restaurant uses or redevelopment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dairy Queen Fast Food Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Jefferson
    County
    Greene
    State
    Iowa
    Longitude
    -94.3773018
    Latitude
    42.0108299

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    FAQs

    What type of property is this?
    Drive through restaurant - Former Dairy Queen restaurant with drive-thru, ideal for redevelopment.
    Where is this drive through restaurant located?
    The property is located at 507 N Elm St Jefferson, IA.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: - High-visibility location on HWY 4 (Elm St.), a major arterial.; - Drive-thru configuration with abundant on-site parking.; - Traffic count of 7,000 vehicles per day (2024).
    (515) 491-7575
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    507 N Elm St Jefferson, IA 50129
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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
    507 N Elm St Jefferson, IA 50129
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