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    Property profile & analytics

    232 1St St Monticello, IA 52310

    • Retail space
    • 12,260 SF
    • 0.19 lot acres
    For Sale
    View listing
    $652,080
    Value Estimation
    Location Intelligence
    Property ID
    US25-0927222
    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

    • Theisen's Home Farm Auto of Monticello / Auto Parts Store / Farm Equipment Supplier

    Property Details for 232 1St St

    Year built
    1900
    Lot size
    0.19 lot acres
    Property size
    12,260 SF
    Property type
    Retail space
    APN
    227102004
    APU
    227102004

    Description

    This exceptional 10,868-square-foot storefront, located at 232 E 1st St in Monticello, Iowa, presents a compelling owner-user or investment opportunity. The property, situated on a 0.27-acre lot (APN 0227103005), boasts a prime downtown location with high foot traffic and excellent visibility. Currently occupied by Theisen's, the lease expires December 31, 2024, offering a short-term leasehold or immediate owner-occupancy potential. Built in 1900 and renovated in 2001, this two-story building offers a versatile layout ideal for various retail formats. The open floor plan allows for easy customization to suit specific business needs. The property is zoned for commercial use and benefits from its location within a vibrant community of local shops and services. This presents a rare chance to capitalize on Monticello's growth, whether for business expansion or a new venture. Note that there are restrictions on the sale of goods competitive with Theisen's. The asking price is $652,080, translating to $60 per square foot. Further details are available upon request.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $245,000

    • CAP approach

      CAP return
      Estimation
      6%
      $225,000
      6.5%
      $225,000
      7%
      $230,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $230,000
      Geo Method
      $210,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $240,000
      Retail
      $235,000
      Mixed-Use
      $185,000
      Hospitality
      $180,000
      Educational
      $245,000
      Residential Income
      $200,000
      Energy
      $245,000
      Income-Based Land
      $210,000
      Food Service
      $240,000

    Location Insight

    • Map
    • Local Demand
    City
    Monticello
    County
    Jones
    State
    Iowa
    Longitude
    -91.1871
    Latitude
    42.2379
    CBSA code
    16300
    CBSA name
    CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA

    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
    $2,636
    $47,040
    $78,840
    $125,880
    -
    $47,040
    $78,840
    $125,880

    Comparable in this City

    • Value Estimation by Request
      4,028 SF

      128 1st St

      RETAIL STORES (PERSONAL SERVICES) • 4,028 SF
      128 1st St, Monticello, IA 52310-1587
      View Details
    • Value Estimation by Request
      2,040 SF

      128 1st St

      RETAIL STORES (PERSONAL SERVICES) • 2,040 SF
      128 1st St, Monticello, IA 52310-1587
      View Details
    • Value Estimation by Request
      2,572 SF

      121 1st St

      RETAIL STORES (PERSONAL SERVICES) • 2,572 SF
      121 1st St, Monticello, IA 52310-1536
      View Details
    • Value Estimation by Request
      3,658 SF

      117 1st St

      RETAIL STORES (PERSONAL SERVICES) • 3,658 SF
      117 1st St, Monticello, IA 52310-1518
      View Details
    • Value Estimation
      $155,000
      4,000 SF

      13388 Cir Dr

      RETAIL STORES (PERSONAL SERVICES) • 4,000 SF
      13388 Cir Dr, Monticello, IA 52310
      View Details
    • Value Estimation
      $210,000
      6,010 SF

      118 1st St

      RETAIL STORES (PERSONAL SERVICES) • 6,010 SF
      118 1st St, Monticello, IA 52310-1587
      View Details

    Similar Nearby for Sale

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      10,868 SF

      Monticello Retail Space For Sale

      10,868 SF retail space in downtown Monticello, Iowa.
      232 E 1St St, Monticello, IA 52310
      View Details
    • $652,080
      10,868 SF

      Monticello Storefront - $652,080

      Prime Retail Space, Downtown Monticello
      232 1St St, Monticello, IA 52310
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    • $6,437,241
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      Hy-Vee Investment Sale | Monticello, IA

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      Royal Flush Truck Wash: Iowa

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    232 1St St
    Monticello, IA 52310
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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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