Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    417 Grand Ave Spencer, IA 51301-4026

    • Individual retail properties
    • 5,000 SF
    • 0.08 lot acres
    OFF-MARKET
    Value Estimation
    $150,000
    Last Sale
    Feb 06, 2024
    $145,000
    Location Intelligence
    Property ID
    US25-0546358
    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

    • The Body Garage: Massage & Skincare / Permanent Make-Up Clinic / Massage Therapist
    • Posh Salon and Spa AVEDA / Beauty Salon

    Property Details for 417 Grand Ave

    Year built
    1900
    Lot size
    0.08 lot acres
    Property size
    5,000 SF
    Zone code
    CBD CENTRAL B
    Property type
    Individual retail properties
    APN
    963607387016
    APU
    963607387016

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $145,000

    • CAP approach

      CAP return
      Estimation
      6%
      $150,000
      6.5%
      $155,000
      7%
      $150,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $175,000
      Geo Method
      $145,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $160,000
      Retail
      $150,000
      Mixed-Use
      $140,000
      Hospitality
      $160,000
      Educational
      $140,000
      Residential Income
      $190,000
      Energy
      $170,000
      Income-Based Land
      $170,000
      Food Service
      $190,000

    Location Insight

    • Map
    • Local Demand
    City
    Spencer
    County
    Clay
    State
    Iowa
    Longitude
    -95.1452
    Latitude
    43.142
    CBSA code
    43980
    CBSA name
    SPENCER, IA MICROPOLITAN 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
    $3,666
    $37,500
    $144,260
    $181,760
    -
    $37,500
    $144,260
    $181,760

    Comparable in this City

    • Value Estimation
      $1,095,000
      544 SF

      100 12th SW St

      LAUNDROMAT (SELF-SERVICE) • 544 SF
      100 12th SW St, Spencer, IA 51301-5845
      View Details
    • Value Estimation
      $75,000
      478 SF

      17 5th St

      BARBER, HAIR SALON • 478 SF
      17 5th St, Spencer, IA 51301-4022
      View Details
    • Value Estimation
      $210,000
      5,960 SF

      2512 Hwy Blvd

      GYM, HEALTH SPA • 5,960 SF
      2512 Hwy Blvd, Spencer, IA 51301-2104
      View Details
    • Value Estimation by Request
      432 SF

      811 2nd SE Ave

      LAUNDROMAT (SELF-SERVICE) • 432 SF
      811 2nd SE Ave, Spencer, IA 51301-5709
      View Details
    • Value Estimation
      $170,000
      3,192 SF

      10 4th St

      BARBER, HAIR SALON • 3,192 SF
      10 4th St, Spencer, IA 51301-4009
      View Details
    • Value Estimation
      $185,000
      1,700 SF

      407 1st E Ave

      BARBER, HAIR SALON • 1,700 SF
      407 1st E Ave, Spencer, IA 51301-4002
      View Details

    Similar Nearby for Sale

    • $599,000
      5,438 SF

      Restaurant with Playground and Office

      5,438 SF property featuring restaurant, playground, and office spaces.
      202 11Th Street Sw Plz SW, Spencer, IA 51301
      View Details
    • $350,000
      9,644 SF

      Former Truck Shop with Extras

      Versatile commercial building with included equipment and additional lot.
      906 E Milwaukee St, Spencer, IA 51301
      View Details
    • Contact for pricing
      520 SF

      Valentine Diner on Grand Avenue

      Iconic diner on high-traffic Grand Avenue in Spencer, Iowa.
      208 Grand Ave, Spencer, IA 51301
      View Details
    • $68,000
      0.18 Acres

      Spencer, Iowa Triplex Opportunity

      Three-unit property in Spencer, Iowa, ideal for investment.
      807 4Th Ave W, Spencer, IA 51301
      View Details
    • $82,000
      0.31 Acres

      Six-Unit Conversion Opportunity

      Six-unit conversion property near downtown and bike trails.
      312 W 2Nd St, Spencer, IA 51301
      View Details
    • Contact for pricing
      0.33 Acres

      Residential Lot in Fairway Woods

      Residential lot in Spencer's desirable Fairway Woods neighborhood.
      2002 22 Ave W, Spencer, IA 51301
      View Details

    Property Visit Statistics

    • Visits by month
      4.2k
    • Visitors by month
      3.0k
    • Avg Time on site
      19 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    417 Grand Ave
    Spencer, IA 51301-4026
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.