114 S Prairie Street Russell, IA ^$ 200,000

114 S Prairie Street

^$ 200,000

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Recently Listed

114 S Prairie Street

Russell, IA, 50238

^$ 200,000

Bedrooms-- Baths--

Monthly Estimate*

^$ 1,248

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Commercial Property for sale in Russell, IA

for $200,000. This building was built in 1940 on a lot size of 0.33.

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.

Commercial Active

Price

^$ 200,000

Property Type

Commercial

Taxes

^$ 1,696

Style

Retail

Lot Size

0.33

Year Built

1940

Town/City

Russell

County/Region

Lucas

MLS | Web ID

6334169

Features

General

Sewer City Sewer/Connected

Heating Forced Air

Cooling Central Air

Utilities Electric Common Heating Common Hot Water Common

Garage Spaces 0

Architectural Style Retail

Construction Materials Metal Siding

Year Built 1940

Tax Year 2024

Current Use Commercial Food Service Restaurant Retail

Accessibility No Stairs Internal

County Lucas

Property Type Commercial Sale

Contingency None

Possible Use Grocery Lounge/Bar Restaurant Retail Services

Status Active

Directions Located on Prairie Street in Russell between Ames Street and Shaw Streets

Association Name SEIA

Open Parking Spaces 10

Number Of Units Total 1

Lot Size Units Acres

Lot Size Square Feet 14374.8

Tax Annual Amount 1696

Living Area Units Square Feet

Standard Status Active

Legal Description three parcels legal descriptions to come from the abstracts

Exterior

Parking Features Paved

Water Source Public

Lot Dimensions 120' x 240' total or .66 acres

Lot Size Acres 0.33

* Excluded Features

List By

Hilary Masters

Listing Agent

Masters Realty Llc

Broker

641-774-8676

Contact

Affordability Calculator

$1,389

Per Month

Monthly Principal & Interest: $1,248
Monthly Property Taxes: $141
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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THE TIME TO SELL IS NOW! What's my home worth?

Nearby

Trends
Schools

Commerical listings in Russell, IA

Average List Price ^$0

Percent of Sale Price 100%

About Russell, IA

404 Population

-5% Since 2002

^$45,000 Median Income

41.01 Median Age

34% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2872932 Elementary School

2872966 Middle School

Unknown High School High School

Pricing History

Date	Price	Price Change	Description
12/5/2025	$200,000		Listed Price

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114 S Prairie Street, Russell, IA, 50238 is a Commercial Property for sale at $200,000 with a lot size of 0.33. 114 S Prairie Street was built in 1940. The property's zip code is 50238 which is in Russell, IA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of the Iowa Association of REALTORS service.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is deemed reliable but is not guaranteed accurate by the the MLS. The MLS may, at its discretion, require use of other disclaimers as necessary to protect participants and/or the MLS from liability. Data is updated as of 12/6/2025.

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114 S Prairie Street

Commercial Property for sale in Russell, IA

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