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    Property profile & analytics

    116 Main St Elkader, IA 52043-7717

    • Retail space
    • 3,476 SF
    • 0.06 lot acres
    OFF-MARKET
    Value Estimation
    $30,000
    Last Sale
    Aug 17, 2022
    $55,500
    Location Intelligence
    Property ID
    US25-2412540
    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

    • Holly's Bridal Boutique / Bridal Shop

    Property Details for 116 Main St

    Year built
    1890
    Lot size
    0.06 lot acres
    Property size
    3,476 SF
    Property type
    Retail space
    APN
    2523303012
    APU
    2523303012

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Elkader
    County
    Clayton
    State
    Iowa
    Longitude
    -91.4044
    Latitude
    42.854

    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
    $1,972
    $7,260
    $79,501
    $86,761
    -
    $7,260
    $79,501
    $86,761

    Comparable in this City

    • Value Estimation by Request
      2,851 SF

      201 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,851 SF
      201 Main St, Elkader, IA 52043-9078
      View Details
    • Value Estimation
      $255,000
      7,907 SF

      111 Main St

      RETAIL STORES (PERSONAL SERVICES) • 7,907 SF
      111 Main St, Elkader, IA 52043-7700
      View Details
    • Value Estimation
      $230,000
      4,464 SF

      305 High NE St

      RETAIL STORES (PERSONAL SERVICES) • 4,464 SF
      305 High NE St, Elkader, IA 52043-9034
      View Details
    • Value Estimation
      $210,000
      7,280 SF

      118 Brg St

      RETAIL STORES (PERSONAL SERVICES) • 7,280 SF
      118 Brg St, Elkader, IA 52043
      View Details
    • Value Estimation
      $310,000
      8,712 SF

      120 Main St

      RETAIL STORES (PERSONAL SERVICES) • 8,712 SF
      120 Main St, Elkader, IA 52043-7732
      View Details
    • Value Estimation
      $280,000
      8,000 SF

      713 High NE St

      RETAIL STORES (PERSONAL SERVICES) • 8,000 SF
      713 High NE St, Elkader, IA 52043-9000
      View Details

    Similar Nearby for Sale

    • $390,000
      5,360 SF

      Restaurant and Retail Opportunity

      Commercial property suitable for restaurant or retail use in Elkader.
      203 S Main St, Elkader, IA 52043
      View Details
    • $175,000
      1.79 Acres

      Commercial Lot on Highway 13

      1.79-acre commercial lot on State Highway 13 in Elkader, Iowa.
      Bridge St E, Elkader, IA 52043
      View Details
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    116 Main St
    Elkader, IA 52043-7717
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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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