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    Property profile & analytics

    224 Main St Elgin, IA 52141

    • Warehouses
    • 2,576 SF
    • 0.32 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US25-2299387
    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

    • Warehouses

    Property Details for 224 Main St

    Year built
    1967
    Lot size
    0.32 lot acres
    Property size
    2,576 SF
    Property type
    Warehouses
    APN
    814279001
    APU
    814279001

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Elgin
    County
    Fayette
    State
    Iowa
    Longitude
    -91.6307
    Latitude
    42.9569

    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
    $0.00
    $7,860
    $48,220
    $56,080
    -
    $7,860
    $48,220
    $56,080

    Comparable in this City

    • Value Estimation by Request
      2,016 SF

      Elgin, IA 52141

      WAREHOUSE, STORAGE • 2,016 SF
      Elgin, IA 52141
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    • Value Estimation by Request
      1,800 SF

      Elgin, IA 52141

      WAREHOUSE, STORAGE • 1,800 SF
      Elgin, IA 52141
      View Details
    • Value Estimation by Request
      2,052 SF

      307 Ml Ave

      WAREHOUSE, STORAGE • 2,052 SF
      307 Ml Ave, Elgin, IA 52141
      View Details
    • Value Estimation by Request
      3,984 SF

      1210 Main St

      MINI-WAREHOUSE, STORAGE • 3,984 SF
      1210 Main St, Elgin, IA 52141
      View Details
    • Value Estimation
      $170,000
      12,720 SF

      403 Ml Ave

      WAREHOUSE, STORAGE • 12,720 SF
      403 Ml Ave, Elgin, IA 52141-9306
      View Details
    • Value Estimation by Request
      1,500 SF

      Elgin, IA 52141

      WAREHOUSE, STORAGE • 1,500 SF
      Elgin, IA 52141
      View Details

    Similar Nearby for Sale

    • $399,000
      7,892 SF

      Thriving Bar and Restaurant Opportunity

      Established bar and restaurant in Harpers Ferry, Iowa for sale.
      112 N 3Rd St, Harpers Ferry, IA 52141
      View Details
    • $150,000
      4,892 SF

      Elgin Commercial Building - Prime Location

      Historic Restaurant, Income Potential, Updated
      240 Center St, Elgin, IA 52141
      View Details
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    224 Main St
    Elgin, IA 52141
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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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