Individually Owned Property summary
This exceptional commercial property, located at 240 Center Street in Elgin, Iowa, presents a unique investment opportunity. Situated in the picturesque town known as "Little Switzerland," this building enjoys a prime location near the Turkey River and Gilbertson's campground, ensuring high visibility and foot traffic. The property's history as the former Dotzy's restaurant adds to its charm, featuring a distinctive penny mosaic floor and a legacy as a recipient of the 2019 Iowa Cattleman's… Top 10 Burger award. The building offers significant income potential with two existing apartments: a two-bedroom unit and a one-bedroom unit, both located at the rear of the first floor and currently generating rental income. Significant improvements have been made to the property, including a new TPO membrane roof installed in 2021, updated kitchen flooring, and the complete restoration of the second story to create usable space. The building encompasses 4,892 square feet and sits on a 0.1-acre lot. This property is ideal for a variety of commercial uses and offers a compelling blend of history, income generation, and recent renovations. The asking price is $150,000.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
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Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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