# 314 S 5TH ST, Cherokee, IA 51012

> **TL;DR:** commercial, $295,000, built 1962. Est. $1,278/mo. Listed 71 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $295,000 |
| Year Built | 1962 |
| Lot Size | 41,382 sqft (0.95 acres) |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 71 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,278 |
| **Total** | **$1,278** |

## Nearby Schools

- **Elementary:** Cherokee
- **Middle:** Cherokee Middle
- **High:** Cherokee

## Property Highlights

- Built in 1962
- 0.95 acre lot

## Description

### Agent Description
Historic Grain Elevator & Redevelopment Opportunity 314 S 5th Street | Cherokee, Iowa An exceptional opportunity to acquire a well~known agricultural landmark in Northwest Iowa. The historic Wych Doctor Distillery & Feed Mill property offers a unique combination of grain infrastructure, industrial storage, and adaptive reuse potential, making it ideal for investors, developers, agribusiness operators, or hospitality ventures. This former grain elevator facility served as a central hub for regional grain handling and still retains key infrastructure including grain handling systems, multiple storage components, and an on~site truck scale. The property provides a strong foundation for continued agricultural use or redevelopment. The site also includes a converted scale house and office space currently set up as a distillery and tasting room, offering immediate potential for a brewery, event venue, agritourism destination, or other hospitality use. A large flat storage warehouse adds flexibility for commodity storage, equipment storage, indoor vehicle or RV storage, warehouse operations, or lease income opportunities. The historic wood~crib construction features substantial old~growth structural timber and steel infrastructure, which may provide additional value through reclamation or reuse. Buyers are encouraged to conduct their own due diligence regarding condition, environmental factors, and potential material recovery. Investment highlights include a landmark property with strong regional identity, multiple income and redevelopment opportunities, existing hospitality space, and valuable infrastructure already in place. Property is being offered as~is. Buyers to verify all aspects of the property to their satisfaction...

## Location

- **Address:** 314 S 5TH ST, Cherokee, IA 51012
- **County:** Cherokee

## Listing Agent

- **Name:** Rusty Rasmus
- **Brokerage:** Rasmus Realty & Auction
- **Phone:** 7122611965
- **Email:** rustyrasmus@gmail.com

## Primary Photo

![314 S 5TH ST - Primary Photo](http://lh.rdcpix.com/f5bd3801d1d31ac0be72c68dcddc65cal-f1735923071r.jpg)

*30 total photos available on [listing page](https://www.propertysimple.com/listing/314-s-5th-st-cherokee-ia-51012-a832195)*

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**MLS#:** 832195 | **Updated:** 2026-06-17
**Source:** listhub

*Copyright © 2026 Northwest Iowa Regional Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/314-s-5th-st-cherokee-ia-51012-a832195)

---

## Structured Data

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  "datePosted": "2026-06-17",
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