2 Luther Street, Luther, IA 50152

Listing agent Jim Horstman License #S62423 Show Phone

Listing office Hunziker & Assoc.-Ames r***@hunziker.com 105 S 16TH ST., Ames, IA Show Phone

Listing date May 6, 2026

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MLS# 70093 Listing URL

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.

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Overview

This commercial land is available for sale in Luther, Iowa, offering frontage on Highway 17. The property is located across the street from Whatcha Smokin BBQ Restaurant. According to the DOT, Highway 17 sees a daily vehicle traffic count of 5,300. The lot spans over 1/3 acre, specifically 0.36 acres or 23,550 square feet, as per the Boone County Assessor. Electric and water hookups are available on the lot. The property is currently leased by the restaurant as a parking lot through July 2027, generating a rental income of $2,000 per month. The tenant is responsible for maintaining the lot. The lot size is 0.5406 acres.

Suggested Use

Restaurant Building Supply Auto Parts Store Storage Facility

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

Location Insight

• Map
• Local Demand

City

Luther

County

Boone

State

Iowa

Longitude

-93.815915

Latitude

41.967726

FAQs

What type of property is this?

Commercial land - Prime commercial lot with highway frontage and existing lease.

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: Leased through July 2027 for $2,000/month, providing immediate income; **Prime Hwy 17 frontage location in Luther, Iowa**; High traffic count: 5,300 vehicles daily on Hwy 17