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    Property profile & analytics

    240 Main St Solon, IA 52333

    • Turn key restaurants
    • 3,002 SF
    • 0.05 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Mar 10, 2023
    $275,000
    Location Intelligence
    Property ID
    US25-2404390
    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 240 Main St

    Year built
    1843
    Construction
    WOOD
    Lot size
    0.05 lot acres
    Property size
    3,002 SF
    Property type
    Turn key restaurants
    APN
    224310012
    APU
    224310012

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Solon
    County
    Johnson
    State
    Iowa
    Longitude
    -91.4931
    Latitude
    41.8074
    CBSA code
    26980
    CBSA name
    IOWA CITY, 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
    $1,772
    $41,026
    $66,511
    $107,537
    -
    $41,026
    $66,511
    $107,537

    Comparable in this City

    • Value Estimation
      $255,000
      5,240 SF

      101 Main St

      RESTAURANT • 5,240 SF
      101 Main St, Solon, IA 52333-9500
      View Details
    • Value Estimation
      $290,000
      1,484 SF

      121 Main St, Unit 104

      RESTAURANT • 1,484 SF
      121 Main St, Solon, IA 52333-9531
      View Details
    • Value Estimation
      $225,000
      1,874 SF

      106 Main St

      RESTAURANT • 1,874 SF
      106 Main St, Solon, IA 52333
      View Details
    • Value Estimation
      $460,000
      5,160 SF

      112 Main St

      RESTAURANT • 5,160 SF
      112 Main St, Solon, IA 52333-9516
      View Details
    • Value Estimation by Request
      2,624 SF

      122 Main St

      BAR, TAVERN • 2,624 SF
      122 Main St, Solon, IA 52333-9516
      View Details
    • Value Estimation
      $255,000
      1,429 SF

      120 Main St, Unit 1

      RETAIL STORES (PERSONAL SERVICES) • 1,429 SF
      120 Main St, Solon, IA 52333-9772
      View Details

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      Residential Lots in Solon, Iowa

      Build-ready residential lots in Solon School District, Iowa.
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    • $105,000
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      Residential Lot in Solon, Iowa

      Build-ready lot in Solon School District near parks and amenities.
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      Residential Lots in Solon, Iowa

      Build-ready residential lots in Solon School District, near parks.
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    240 Main St
    Solon, IA 52333
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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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