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    Property profile & analytics

    104 Elm St Cresco, IA 52136

    • Turn key restaurants
    • 4,250 SF
    • 0.06 lot acres
    For Sale
    View listing
    $699,000
    Value Estimation
    Last Sale
    Dec 01, 2021
    $125,000
    Location Intelligence
    Property ID
    US25-1618943
    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

    • Turn key restaurants

    Property Details for 104 Elm St

    Year built
    1891
    Lot size
    0.06 lot acres
    Property size
    4,250 SF
    Property type
    Turn key restaurants
    APN
    321011605050000
    APU
    321011605050000

    Description

    This exceptional 4,250 square foot retail property, situated on a 0.06-acre lot at 104 N Elm Street in Cresco, Iowa, presents a remarkable investment opportunity. Completely remodeled, this building boasts a prime location within Cresco's bustling business district, offering convenient access to Highway 9 for optimal customer reach. The main floor features a welcoming greeting area, comfortable booth and table seating, two restrooms, a horseshoe-shaped bar, and a fully equipped commercial kitchen. Upstairs, additional seating, two more restrooms, and a second full bar provide ample space for various uses. Both levels showcase beautiful hardwood floors, creating an inviting atmosphere. A full basement offers extensive storage, complemented by two walk-in coolers and additional refrigeration units. Modernization is complete with a new elevator servicing all three floors, and all electrical, HVAC, and plumbing systems have been replaced within the last year. This turnkey operation includes all commercial equipment, furniture, and supplies, minimizing start-up costs and maximizing immediate operational potential. The property's versatility allows for a wide range of business ventures, making it an exceptional opportunity for entrepreneurs seeking a thriving location and a fully equipped space. The asking price is $699,000.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $140,000

    • CAP approach

      CAP return
      Estimation
      6%
      $185,000
      6.5%
      $180,000
      7%
      $195,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $175,000
      Geo Method
      $160,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $200,000
      Retail
      $185,000
      Mixed-Use
      $205,000
      Hospitality
      $165,000
      Educational
      $160,000
      Residential Income
      $185,000
      Energy
      $160,000
      Income-Based Land
      $175,000
      Food Service
      $175,000

    Location Insight

    • Map
    • Local Demand
    City
    Cresco
    County
    Howard
    State
    Iowa
    Longitude
    -92.1169
    Latitude
    43.3725

    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
    2022
    $2,526
    $6,380
    $90,500
    $96,880
    -
    $6,380
    $90,500
    $96,880

    Comparable in this City

    • Value Estimation by Request
      4,146 SF

      134 Elm St

      RESTAURANT • 4,146 SF
      134 Elm St, Cresco, IA 52136-1520
      View Details
    • Value Estimation
      $55,000
      4,100 SF

      223 Elm St

      RESTAURANT • 4,100 SF
      223 Elm St, Cresco, IA 52136-1521
      View Details
    • Value Estimation by Request
      3,870 SF

      22315 Main St

      RESTAURANT • 3,870 SF
      22315 Main St, Cresco, IA 52136-8041
      View Details
    • Value Estimation by Request
      2,303 SF

      105 2nd SE Ave

      RESTAURANT • 2,303 SF
      105 2nd SE Ave, Cresco, IA 52136-1837
      View Details
    • Value Estimation
      $55,000
      1,605 SF

      225 Elm St

      RESTAURANT • 1,605 SF
      225 Elm St, Cresco, IA 52136-1521
      View Details
    • Value Estimation by Request
      1,500 SF

      109 2nd SE Ave

      RESTAURANT • 1,500 SF
      109 2nd SE Ave, Cresco, IA 52136
      View Details

    Similar Nearby for Sale

    • $699,000
      4,250 SF

      Downtown Cresco Retail Gem

      Prime location, remodeled, fully equipped.
      104 Elm St, Cresco, IA 52136
      View Details
    • $369,000
      2,975 SF

      Cresco Bakery & Coffee Shop Sale

      Turnkey Business, High-Traffic Location
      114 Elm St, Cresco, IA 52136
      View Details
    • $449,500
      6,196 SF

      Prime Cresco Commercial Space

      High-visibility, versatile commercial building
      201 3Rd St, Cresco, IA 52136
      View Details
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    104 Elm St
    Cresco, IA 52136
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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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