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    Property profile & analytics

    115 Main St Denver, IA 50622

    • Office buildings
    • 1,427 SF
    • 0.04 lot acres
    For Sale
    View listing
    $199,900
    Value Estimation
    Last Sale
    Mar 07, 2025
    $179,000
    Location Intelligence
    Property ID
    US25-1377267
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Larry G. Wright, DC / Chiropractor

    Property Details for 115 Main St

    Year built
    1957
    Lot size
    0.04 lot acres
    Property size
    1,427 SF
    Property type
    Office buildings
    APN
    10-24-357-009
    APU
    1024357009

    Description

    This meticulously updated 1,427 square foot commercial property sits on a 0.04-acre lot at 115 E Main Street in the heart of Denver, Iowa. Ideally situated within walking distance of local amenities, this property offers a vibrant and convenient location for a diverse range of businesses. Recent renovations have transformed the space, boasting fresh paint throughout, creating a clean and inviting atmosphere. The electrical system has been completely updated to meet modern business requirements, ensuring reliable power. New mechanical systems, including a high-efficiency furnace and air conditioning unit, complement the existing boiler system, providing year-round climate control. A new drop ceiling, a durable new flat roof, and energy-efficient LED lighting have been installed, minimizing future maintenance and operational costs. New flooring, doors, and woodwork contribute to a polished and professional aesthetic. The dual-zoned climate control system ensures optimal comfort in each area of the building. This versatile space is well-suited for a variety of commercial uses, from retail shops and offices to service-based businesses. The property presents a compelling opportunity to establish a thriving business in a bustling downtown setting. Priced at $199,900, this property offers a blend of modern updates and prime location, making it an exceptional investment.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $160,000

    • CAP approach

      CAP return
      Estimation
      6%
      $215,000
      6.5%
      $215,000
      7%
      $220,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $235,000
      Geo Method
      $180,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $210,000
      Retail
      $205,000
      Mixed-Use
      $215,000
      Hospitality
      $200,000
      Educational
      $240,000
      Residential Income
      $195,000
      Energy
      $175,000
      Income-Based Land
      $240,000
      Food Service
      $245,000

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Bremer
    State
    Iowa
    Longitude
    -92.3365
    Latitude
    42.673
    CBSA code
    47940
    CBSA name
    WATERLOO-CEDAR FALLS, IA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $760
    $4,880
    $39,210
    $44,090
    -
    $4,880
    $39,210
    $44,090

    Comparable in this City

    • Value Estimation
      $360,000
      10,689 SF

      101 Main St

      OFFICE BUILDING • 10,689 SF
      101 Main St, Denver, IA 50622-7701
      View Details
    • Value Estimation
      $65,000
      1,168 SF

      105 State St

      OFFICE BUILDING • 1,168 SF
      105 State St, Denver, IA 50622-7709
      View Details
    • Value Estimation
      $240,000
      1,866 SF

      401 State St

      OFFICE BUILDING • 1,866 SF
      401 State St, Denver, IA 50622-7715
      View Details
    • Value Estimation
      $380,000
      6,402 SF

      201 Main St

      OFFICE BUILDING • 6,402 SF
      201 Main St, Denver, IA 50622-7728
      View Details
    • Value Estimation
      $235,000
      10,156 SF

      143 Main St

      OFFICE BUILDING • 10,156 SF
      143 Main St, Denver, IA 50622-9612
      View Details
    • Value Estimation
      $215,000
      1,890 SF

      171 Main St

      PROFESSIONAL BUILDING • 1,890 SF
      171 Main St, Denver, IA 50622-9612
      View Details

    Similar Nearby for Sale

    • $199,900
      1,427 SF

      Downtown Denver Commercial Gem

      Remodeled Commercial Space, Prime Location
      115 Main St, Denver, IA 50622
      View Details
    • $160,000
      3.18 Acres

      In-Town Acreage Near Golf Course

      3.18 acres of land near Willow Run Golf Course.
      730 Iowa St, Denver, IA 50622
      View Details
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    115 Main St
    Denver, IA 50622
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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
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