Commercial Land with Highway
For Sale
$250,000
2 Luther Street, Luther, IA 50152
Land, Luther, IA
Property SizeContact for details
Lot Size0.54 Acres
Days on Market130
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
Listed By:
Jim Horstman · License #S62423
(515) 233-4450
Added: May 6
Changed: Aug 19
Last Checked: Sep 12 at 12:06AM
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 parcel is positioned along Hwy 17 in Luther, Iowa, with electric and water hookups already on the lot. The property is currently used as a parking lot under a lease extending through July 2027, with the tenant responsible for lot maintenance.
The site is located at 2 Luther Street and sits across the street from WHATCHA SMOKIN BBQ Restaurant. Hwy 17 records 5,300 daily vehicle traffic according to the DOT, providing a defined transportation corridor for the property. The combination of highway exposure, available utility hookups, and an existing parking use gives the parcel a clear commercial profile.
The site is located at 2 Luther Street and sits across the street from WHATCHA SMOKIN BBQ Restaurant. Hwy 17 records 5,300 daily vehicle traffic according to the DOT, providing a defined transportation corridor for the property. The combination of highway exposure, available utility hookups, and an existing parking use gives the parcel a clear commercial profile.
Key Highlights
- C‑zoned commercial land along Hwy 17
- 5,300 daily vehicle traffic on Hwy 17 per the DOT
- Electric and water hookups are on the lot
Property Analytics
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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
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Frequently Asked Questions
What type of property is this?
Commercial land - Highway-frontage parcel with electric and water hookups plus an existing parking-lot 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: C‑zoned commercial land along Hwy 17; 5,300 daily vehicle traffic on Hwy 17 per the DOT; Electric and water hookups are on the lot
