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    Property profile & analytics

    41 Gillet St Preston, IA 52069

    • Turn key restaurants
    • 7,120 SF
    • 0.28 lot acres
    For Sale
    View listing
    $106,000
    Value Estimation
    Location Intelligence
    Property ID
    US25-2332006
    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 41 Gillet St

    Year built
    1890
    Lot size
    0.28 lot acres
    Property size
    7,120 SF
    Property type
    Turn key restaurants
    APN
    148202948102800
    APU
    148202948102800

    Description

    This exceptional Preston, IA commercial property, encompassing 7,120 square feet on a 0.12-acre lot, presents a unique investment opportunity. The property, formerly the beloved Hometown Restaurant, boasts a rich history and significant potential. The main building features a spacious restaurant and bar area, approximately 2,900 square feet, ideal for dining and socializing. A separate 900-square-foot banquet hall provides ample space for events and gatherings, adding to the property's versatility. In addition to the established restaurant and banquet areas, there is also flexible retail space suitable for a variety of business ventures. Practical storage solutions are included, featuring a walk-in freezer and cooler, ensuring efficient operations. Most of the existing restaurant equipment is included in the sale, offering a significant advantage for a new owner. The property is being sold in its current "as-is" condition, allowing for customization and the implementation of new ideas. Priced at $106,000, this property offers a compelling blend of history, established infrastructure, and significant upside potential for a discerning buyer. The location in Preston, IA provides access to a loyal customer base and opportunities for growth. This is a rare chance to acquire a well-established property with a proven track record and the flexibility to adapt to future business needs.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Preston
    County
    Jackson
    State
    Iowa
    Longitude
    -90.3947
    Latitude
    42.0503

    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
    $2,620
    $20,500
    $136,300
    $156,800
    -
    $20,500
    $136,300
    $156,800

    Comparable in this City

    • Value Estimation
      $215,000
      5,880 SF

      102 Gillet St

      RESTAURANT • 5,880 SF
      102 Gillet St, Preston, IA 52069-9744
      View Details
    • Value Estimation
      $300,000
      7,758 SF

      561 White St

      RESTAURANT • 7,758 SF
      561 White St, Preston, IA 52069-9357
      View Details
    • Value Estimation
      $200,000
      6,384 SF

      562 White St

      RESTAURANT • 6,384 SF
      562 White St, Preston, IA 52069-9357
      View Details
    • Value Estimation
      $325,000
      2,800 SF

      32 Gillet St

      BAR, TAVERN • 2,800 SF
      32 Gillet St, Preston, IA 52069-7709
      View Details
    • Value Estimation by Request
      7,506 SF

      141 Gillet St

      GROCERY, SUPERMARKET • 7,506 SF
      141 Gillet St, Preston, IA 52069-9744
      View Details
    • Value Estimation by Request
      1,680 SF

      402 White St

      RETAIL STORES (PERSONAL SERVICES) • 1,680 SF
      402 White St, Preston, IA 52069-9377
      View Details
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    41 Gillet St
    Preston, IA 52069
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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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