2 Luther St, Madrid, IA 50152

--beds

0baths

0.54Acres

Unimproved Land

Built in ----

0.54 Acres Lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

Calling all Entrepreneurs...LAND FOR SALE! Business lot for sale in Luther, Iowa. Prime Hwy 17 frontage location. Located directly across the street (north) from the popular WHATCHA SMOKIN BBQ Restaurant. (You can capitalize on their traffic.) Hwy 17, has 5,300 daily vehicle traffic count as per the DOT. Electric and water hookups are on the lot. This lot is over 1/3 acre (0.36) 23.550 sq ft as per the Boone County Assessor. This lot is currently leased by the restaurant as a parking lot through July 2027 at a rent of $2,000 per month. The tenant maintains the lot. This is a unique opportunity. Call the listing agent for most details.

107 days

138

2

Facts & features

Interior

Bedrooms & bathrooms

Bathrooms: 0

Property

Lot

Size: 0.54 Acres
Dimensions: 150 x 157
Features: Level

Details

Parcel number: 088326254485041& 088326254485040
Zoning: C

Community & HOA

Location

Region: Madrid

Financial & listing details

Tax assessed value: $60,600
Annual tax amount: $782
Date on market: 5/6/2026

Estimated market value

Not available

Estimated sales range

Not available

$855/mo

Price history

Date	Event	Price
5/6/2026	Listed for sale	$250,000
Source: CIBR #70093 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$522 +1.6%	$40,400 +60%
2024	$514 -51.5%	$25,250
2023	$1,060 +3.5%	$25,250 -66.4%
2022	$1,024 +33%	$75,152
2021	$770 -3.8%	$75,152 +44.2%
2020	$800 +9.9%	$52,100
2019	$728 +11.3%	$52,100 +19.3%
2018	$654 +2.2%	$43,660 +1.6%
2017	$640 +31.1%	$42,963 +21.8%
2016	$488	$35,285
2015	$488 +30.5%	$35,285
2014	$374 -1.1%	$35,285
2013	$378 -9.1%	--
2012	$416 -16.8%	--
2011	$500 +7.3%	--
2010	$466 +12%	--
2009	$416 +2.5%	--
2008	$406 -18.5%	--
2007	$498	--