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    Property profile & analytics

    1112 Chatburn Ave Harlan, IA 51537-2007

    • Flex space
    • 2,880 SF
    • 2.18 lot acres
    OFF-MARKET
    Value Estimation
    $255,000
    Location Intelligence
    Property ID
    US25-1874117
    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

    • Molded Products, Inc. / Manufacturer
    • Tropical Sno Harlan / Dessert Shop

    Property Details for 1112 Chatburn Ave

    Year built
    2012
    Construction
    FRAME
    Lot size
    2.18 lot acres
    Property size
    2,880 SF
    Property type
    Flex space
    APN
    833150000024
    APU
    833150000024

    Description

    This exceptional Harlan, IA commercial property offers a unique investment opportunity. The main building, constructed in 1969 and totaling approximately 14,092 square feet, boasts ample parking to the south. Originally a grocery store, it was thoughtfully converted in 2002 to accommodate light industrial and office uses. The property features multiple natural gas-powered HVAC units ensuring climate control throughout the space. A significant addition enhances the property's versatility: a 2,880 square-foot metal shop built in 2012. This newer structure includes a convenient 9' wide x 10' high garage door and is equipped with an all-electric heat pump system. The property also benefits from a loading dock, added in 2020, streamlining logistics. The expansive 2.18-acre lot provides significant room for expansion or future development. The property's layout allows for the potential separation and sale of the main building and the metal shop, offering flexibility for the new owner. Note that possession is not available until May 2nd, 2025. Priced at $785,000, this property presents a compelling opportunity for a diverse range of commercial ventures.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Harlan
    County
    Shelby
    State
    Iowa
    Longitude
    -95.3245
    Latitude
    41.6461

    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
    $17,134
    $77,250
    $481,683
    $558,933
    -
    $77,250
    $481,683
    $558,933

    Comparable in this City

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      2502 Cyclone Ave

      LIGHT INDUSTRIAL • 9,000 SF
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      Harlan, IA 51537

      LIGHT INDUSTRIAL • 4,950 SF
      Harlan, IA 51537
      View Details
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    1112 Chatburn Ave
    Harlan, IA 51537-2007
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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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