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.
Lot/land
$250,000
2 Luther St, Madrid, IA 50152
--beds
0baths
0.54Acres
Unimproved Land
Built in ----
0.54 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 58 days |
- 130 |
- 2 |
Zillow last checked:
Listing updated:
Listed by:
Jim Horstman 515-720-7859,
Hunziker & Assoc.-Ames
Source: CIBR,MLS#: 70093
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
Jim Horstman
(515) 720-7859
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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 | -- |
Find assessor info on the county website
Monthly payment
Estimated monthly payment$1,822
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 50152
Nearby schools
GreatSchools rating
- 2/10United Community SouthGrades: PK-6Distance: 4.5 mi
- 7/10Madrid Junior High SchoolGrades: 6-8Distance: 5.8 mi
- 8/10Madrid High SchoolGrades: 9-12Distance: 5.8 mi
- Iowa
- Boone County
- Luther
- 50152
- 2 Luther St
Nearby cities
Nearby zip codes
Other Luther Topics
