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    Property profile & analytics

    115 2nd St Cherokee, IA 51012-1839

    • Turn key restaurants
    • 4,762 SF
    • 0.06 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Dec 27, 2022
    Location Intelligence
    Property ID
    US25-0691053
    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

    • Carey's Restaurant / American Restaurant

    Property Details for 115 2nd St

    Year built
    1919
    Lot size
    0.06 lot acres
    Property size
    4,762 SF
    Property type
    Turn key restaurants
    APN
    734203022
    APU
    734203022

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cherokee
    County
    Cherokee
    State
    Iowa
    Longitude
    -95.5517
    Latitude
    42.7491

    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
    $1,068
    $7,530
    $55,860
    $63,390
    -
    $7,530
    $55,860
    $63,390

    Comparable in this City

    • Value Estimation
      $170,000
      4,978 SF

      119 Main St

      RESTAURANT • 4,978 SF
      119 Main St, Cherokee, IA 51012-1849
      View Details
    • Value Estimation
      $340,000
      3,443 SF

      1301 2nd St

      RESTAURANT • 3,443 SF
      1301 2nd St, Cherokee, IA 51012-1203
      View Details
    • Value Estimation
      $80,000
      3,504 SF

      214 Main St

      RESTAURANT • 3,504 SF
      214 Main St, Cherokee, IA 51012-1825
      View Details
    • Value Estimation by Request
      7,456 SF

      212 Maple St

      RESTAURANT • 7,456 SF
      212 Maple St, Cherokee, IA 51012-1853
      View Details
    • Value Estimation
      $345,000
      3,866 SF

      745 2nd St

      RESTAURANT • 3,866 SF
      745 2nd St, Cherokee, IA 51012-1229
      View Details
    • Value Estimation
      $150,000
      4,826 SF

      1013 2nd St

      RESTAURANT • 4,826 SF
      1013 2nd St, Cherokee, IA 51012-2111
      View Details

    Similar Nearby for Sale

    • $250,000
      0.11 Acres

      Cherokee Commercial Building For Sale

      Well-maintained commercial building with equipment and furnishings included.
      119 E Main St, Cherokee, IA 51012
      View Details
    • $150,000
      1,952 SF

      Cherokee Multi-Unit Investment Opportunity

      Duplex with new roof, siding, windows, and flooring.
      222 W Elm St, Cherokee, IA 51012
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    • $103,550
      2.18 Acres

      Cherokee Commercial Land Opportunity

      2.18 acre commercial land available in Cherokee, Iowa.
      1482 S 2Nd St, Cherokee, IA 51012
      View Details
    • New
      Contact for pricing
      0.21 Acres

      Residential Lot in Cherokee, IA

      Residential lot in established Cherokee neighborhood, suitable for building.
      704 W Cedar St, Cherokee, IA 51012
      View Details
    • $68,000
      0.40 Acres

      Commercial Lot in Cherokee, Iowa

      Commercial lot with powered shed, ideal for local business.
      315 S 5Th St, Cherokee, IA 51012
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    • New
      Contact for pricing
      0.21 Acres

      Residential Lot in Cherokee, IA

      Residential lot available in established Cherokee neighborhood.
      708 W Cedar St, Cherokee, IA 51012
      View Details
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    115 2nd St
    Cherokee, IA 51012-1839
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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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