About This Home

This 0-bedroom, 0-bathroom commercial at 2 Luther Street in Luther, IA is listed for $250,000. on a 0.54 acres lot.

Key Features

0.54 acre lot

Listing Description

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.

Monthly Cost Estimate

$1,337/mo

20% down · 6.5% · 30 years

Principal$181

Interest$1,083

Insurance$73

Estimates only. Actual payments may vary.

Location

2 Luther Street

Luther, IA 50152

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 2 Luther Street is listed at $250,000. The estimated monthly payment is $1,337 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: 0.54 acre lot.

This property is listed by Jim Horstman.

Jim Horstman

License S62423

Agent at Hunziker & Associates, Realtors

2 Luther Street, Luther, IA 50152