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    Property profile & analytics

    240 Main St Mc Gregor, IA 52157-8794

    • Retail space
    • 3,400 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimation
    $220,000
    Location Intelligence
    Property ID
    US25-0107422
    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

    • McGregor SpecialTea Shoppe / Restaurant / Tea House

    Property Details for 240 Main St

    Year built
    1880
    Lot size
    0.11 lot acres
    Property size
    3,400 SF
    Property type
    Retail space
    APN
    3422451008
    APU
    3422451008

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $225,000

    • CAP approach

      CAP return
      Estimation
      6%
      $200,000
      6.5%
      $190,000
      7%
      $205,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $180,000
      Geo Method
      $225,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $200,000
      Retail
      $180,000
      Mixed-Use
      $205,000
      Hospitality
      $235,000
      Educational
      $170,000
      Residential Income
      $235,000
      Energy
      $215,000
      Income-Based Land
      $200,000
      Food Service
      $185,000

    Location Insight

    • Map
    • Local Demand
    City
    Mc Gregor
    County
    Clayton
    State
    Iowa
    Longitude
    -91.1766
    Latitude
    43.0239

    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
    $1,516
    $20,680
    $105,390
    $126,070
    -
    $20,680
    $105,390
    $126,070

    Comparable in this City

    • Value Estimation by Request
      4,988 SF

      230 Main St

      RETAIL STORES (PERSONAL SERVICES) • 4,988 SF
      230 Main St, Mc Gregor, IA 52157-8774
      View Details
    • Value Estimation
      $325,000
      2,738 SF

      142 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,738 SF
      142 Main St, Mc Gregor, IA 52157-8775
      View Details
    • Value Estimation
      $285,000
      4,579 SF

      148 Main St

      RETAIL STORES (PERSONAL SERVICES) • 4,579 SF
      148 Main St, Mc Gregor, IA 52157-8775
      View Details
    • Value Estimation by Request
      3,150 SF

      236 Main St

      RETAIL STORES (PERSONAL SERVICES) • 3,150 SF
      236 Main St, Mc Gregor, IA 52157-8774
      View Details
    • Value Estimation by Request
      3,300 SF

      312 Main St

      RETAIL STORES (PERSONAL SERVICES) • 3,300 SF
      312 Main St, Mc Gregor, IA 52157-8778
      View Details
    • Value Estimation by Request
      4,650 SF

      226 Main St

      RETAIL STORES (PERSONAL SERVICES) • 4,650 SF
      226 Main St, Mc Gregor, IA 52157-8805
      View Details

    Similar Nearby for Sale

    • $354,000
      2,100 SF

      Retail Property in McGregor, Iowa

      Retail space available for sale in McGregor, Iowa.
      28534 Us 18, Mc Gregor, IA 52157
      View Details
    • Contact for pricing
      0.41 Acres

      Prime Vacant Lot in McGregor

      Vacant lot in McGregor with city water and sewer hookups.
      Ctr Ave Lot, Mc Gregor, IA 52157
      View Details
    • Contact for pricing
      0.63 Acres

      Residential Lot in McGregor, IA

      0.63-acre residential lot with city utilities and scenic views.
      Center St, Mc Gregor, IA 52157
      View Details
    • Contact for pricing
      Pending

      Land in McGregor, Iowa

      0.63-acre lot with city utilities and scenic views.
      Ctr Ave, Mc Gregor, IA 52157
      View Details
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    240 Main St
    Mc Gregor, IA 52157-8794
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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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