Commercial Land with Highway
For Sale
$250,000
2 Luther Street, Luther, IA 50152
COMMERCIAL - Luther, IA
Property SizeContact for details
Lot Size0.54 Acres
Days on Market99
Property Features for 2 Luther Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C
Lot features
Level
Elementary school district
United CSD
Middle school district
United CSD
High school district
United CSD
Directions
Right along hwy in Luther Iowa
Subdivision
Luther
Standard status
Active
APN
088326254485041& 088326254485040
Lot size
0.54 Acres
Taxes and HOA fees
Tax Description
MOYERS 1ST ADD LOTS 9 & 10 BLOCK 4 SE SE... Includes 2 lots 088326254485041 & 088326254485040
Tax Annual Amount
782
Legal Description
MOYERS 1ST ADD LOTS 9 & 10 BLOCK 4 SE SE... Includes 2 lots 088326254485041 & 088326254485040
Listing Agency:
Hunziker & Assoc.-Ames
(515) 233-4450
Listed By:
Jim Horstman · License #S62423
(515) 233-4450
Added: May 6
Changed: Aug 4
Last Checked: Aug 12 at 6:06PM
MLS# 70093
Copyright © 2026 Central Iowa Board of Realtors, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This C-zoned commercial land is improved with electric and water hookups and is currently used as a parking lot for the adjacent restaurant operation. The lot is leased through July 2027, with maintenance handled by the tenant.
The property fronts Hwy 17, which carries a reported 5,300 daily vehicle traffic count according to the DOT. It is positioned directly across the street from WHATCHA SMOKIN BBQ Restaurant, providing a clear relationship to an established food-service use and its parking demand.
The property fronts Hwy 17, which carries a reported 5,300 daily vehicle traffic count according to the DOT. It is positioned directly across the street from WHATCHA SMOKIN BBQ Restaurant, providing a clear relationship to an established food-service use and its parking demand.
Key Highlights
- C‑zoned commercial land with electric and water hookups
- 5,300 daily vehicle traffic count on Hwy 17, per the DOT
- Currently leased as a restaurant parking lot through July 2027
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
Explore this area
Business Placement
Demographics for 50152, IA
142
Population
59
Households
2.4
Avg Household Size
51
Median Age
19%
College-Educated
98%
High-School Grad
0.4 sq mi
ZIP Area
355
Density / Sq Mi
$85,417
Median Household Income
$41,875
Median Earnings
$179,500
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - C-zoned land with electric and water hookups, currently serving as a leased restaurant parking lot.
Where is this commercial land located?
The property is located at 2 Luther Street Luther, IA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: C‑zoned commercial land with electric and water hookups; 5,300 daily vehicle traffic count on Hwy 17, per the DOT; Currently leased as a restaurant parking lot through July 2027
