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    Property profile & analytics

    513 2nd St Lohrville, IA 51453-7705

    • Bars
    • 2,000 SF
    • 0.08 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Sep 18, 2020
    $31,600
    Location Intelligence
    Property ID
    US25-1272663
    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

    • Burd's Bar & Grill / Bar & Grill / Bar
    • Ivy Joe's Bar And Grill / Bar / Lounge

    Property Details for 513 2nd St

    Year built
    1917
    Lot size
    0.08 lot acres
    Property size
    2,000 SF
    Property type
    Bars
    APN
    863211355004
    APU
    863211355004

    Description

    This exceptional turnkey business opportunity presents itself in the form of Burd's Bar, a well-established and popular establishment located at 513 2nd Street, Lohrville, IA. Boasting 2,000 square feet of space situated on a 0.08-acre lot, this property offers a thriving business with a loyal local clientele. Burd's Bar is known for its relaxed atmosphere and its reputation as a community hub, frequently featuring live music. The sale includes everything needed to immediately begin operations, making this an ideal acquisition for a hands-on owner seeking a pre-existing, successful business. The asking price for this profitable venture is $99,000. This represents a unique chance to own a well-regarded business in a desirable location, ready for immediate income generation. The property's size and established customer base provide a solid foundation for continued success and growth. The current setup is designed for efficiency and ease of operation, minimizing the need for significant initial investment beyond the purchase price. This is a rare opportunity to step into a thriving business with minimal start-up costs and immediate revenue potential. Don't miss out on this chance to own a piece of Lohrville's vibrant community.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lohrville
    County
    Calhoun
    State
    Iowa
    Longitude
    -94.5488
    Latitude
    42.2699

    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
    2018
    $332
    $1,910
    $46,860
    $48,770
    -
    $1,910
    $46,860
    $48,770

    Comparable in this City

    • Value Estimation by Request
      2,000 SF

      417 2nd St

      NIGHTCLUB (COCKTAIL LOUNGE) • 2,000 SF
      417 2nd St, Lohrville, IA 51453-7702
      View Details
    • Value Estimation by Request
      3,400 SF

      203 Main St

      NIGHTCLUB (COCKTAIL LOUNGE) • 3,400 SF
      203 Main St, Lohrville, IA 51453
      View Details
    • Value Estimation by Request
      1,625 SF

      207 Main St

      NIGHTCLUB (COCKTAIL LOUNGE) • 1,625 SF
      207 Main St, Lohrville, IA 51453
      View Details
    • Value Estimation by Request
      1,840 SF

      418 2nd St

      RETAIL STORES (PERSONAL SERVICES) • 1,840 SF
      418 2nd St, Lohrville, IA 51453
      View Details
    • Value Estimation
      $225,000
      8,000 SF

      600 2nd St

      FINANCIAL BUILDING • 8,000 SF
      600 2nd St, Lohrville, IA 51453-1065
      View Details
    • Value Estimation
      $230,000
      3,504 SF

      404 Locust St

      CONVENIENCE STORE • 3,504 SF
      404 Locust St, Lohrville, IA 51453-1047
      View Details
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    513 2nd St
    Lohrville, IA 51453-7705
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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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