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    Property profile & analytics

    117 Main St Merrill, IA 51038

    • Turn key restaurants
    • 2,467 SF
    • 0.06 lot acres
    For Sale
    View listing
    $85,000
    Value Estimation
    Location Intelligence
    Property ID
    US25-2312293
    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 117 Main St

    Year built
    1910
    Lot size
    0.06 lot acres
    Property size
    2,467 SF
    Property type
    Turn key restaurants
    APN
    18-11-127-016
    APU
    1811127016

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Merrill
    County
    Plymouth
    State
    Iowa
    Longitude
    -96.2471
    Latitude
    42.7201

    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
    $674
    $8,500
    $52,540
    $61,040
    -
    $8,500
    $52,540
    $61,040

    Comparable in this City

    • Value Estimation
      $325,000
      3,084 SF

      335 2nd St

      RESTAURANT • 3,084 SF
      335 2nd St, Merrill, IA 51038
      View Details
    • Value Estimation by Request
      2,364 SF

      101 Main St

      BAR, TAVERN • 2,364 SF
      101 Main St, Merrill, IA 51038-7739
      View Details
    • Value Estimation by Request
      2,500 SF

      101 Main St

      BAR, TAVERN • 2,500 SF
      101 Main St, Merrill, IA 51038-7739
      View Details
    • Value Estimation by Request
      2,356 SF

      101 Main St

      BAR, TAVERN • 2,356 SF
      101 Main St, Merrill, IA 51038-7739
      View Details
    • Value Estimation
      $285,000
      1,397 SF

      507 1st St

      SERVICE STATION (FULL SERVICE) • 1,397 SF
      507 1st St, Merrill, IA 51038-5003
      View Details
    • Value Estimation by Request
      1,800 SF

      Merrill, IA 51038

      AUTO REPAIR, GARAGE • 1,800 SF
      Merrill, IA 51038
      View Details

    Similar Nearby for Sale

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      Restaurant/Bar Opportunity in Merrill, IA

      Commercial property suitable for restaurant, bar, or retail.
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      Residential Land in Merrill, Iowa

      Over an acre to build your dream home.
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    117 Main St
    Merrill, IA 51038
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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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