114 S Prairie StreetRussell, IA 50238

Commercial · 0.33 Acres
$200,000 Active

114 S Prairie Street Overview

Time on Site:
206 days
Visits:
55

This is your opportunity to step into a well-established business with a great reputation. The sale of The Last Chance Market will include all inventory, supplies, and equipment, ensuring no interruption to operations. Outdoor amenities are a true highlight featuring a half-block of land with a patio, stage, furniture and private yard area ideal for hosting events or live entertainment. Offered at a bargain price, this is a rare chance to secure a versatile, income-producing investment.

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114 S Prairie Street Facts & Features

  • Type Commercial
  • Lot 0.33 Acres

Details

General

Listing Information

  • Contingency: None

Building Information

  • Year Built: 1940

Business Information

  • Current Use: Commercial,Food Service,Restaurant,Retail

Location/Region

  • County Or Parish: Lucas
  • Postal City: Russell

Tax Information

  • Tax Annual Amount: 1696
  • Tax Year: 2024

General Information

  • Parcel Number: 1206230007
  • Possible Use: Grocery,Lounge/Bar,Restaurant,Retail,Services
  • Property Type: Commercial Sale

Interior

Parking Information

  • Garage Spaces: 0

General Information

  • Accessibility Features: No Stairs Internal
  • Cooling: Central Air
  • Heating: Forced Air
  • Living Area Units: Square Feet

Exterior

Parking Information

  • Open Parking Spaces: 10
  • Parking Features: Paved

Lot Information

  • Lot Size Acres: 0.33
  • Lot Size Dimensions: 120' x 240' total, or .66 acres
  • Lot Size Square Feet: 14374.8
  • Lot Size Units: Acres
  • Water Source: Public

Building Exterior/Construction

  • Architectural Style: Retail
  • Construction Materials: Metal Siding

General Information

  • Number Of Units Total: 1
  • Sewer: City Sewer/Connected
  • Utilities: Electric Common,Heating Common,Hot Water Common

114 S Prairie Street Neighborhood

Community

50238 (Russell) Demographics

39
Median Age
12
Population Density (per sq. mile)
16%
College Educated
$53,214
Estimated Median Income
455
Estimated Total Home Owners
61
Estimated Total Renters
88% / 12%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

114 S Prairie Street Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

114 S Prairie Street Market Data

Based on the last 30 days in this zip code

$240,000
Average List Price
$208
Average Price per Square Foot
0
Properties Sold
161
Average Days on Market
1
Properties for Sale
Calculations provided by Reliance Network

114 S Prairie Street History

Date Event Value Agent
12/5/2025Source: NoCoast MLS Added to Database
December 05, 2025
Listing provided courtesy of Masters Realty LLCNoCoast MLS- MLS# 6334169MLS Provider