111 Main St, Gilbert, IA 50105 Property Records

Story County property record for 111 Main St, Gilbert, IA 50105

Property Summary

Property Type	Commercial
Details	3,300 sqft · built 2004
Lot Size	0.116 acres (5,040 sqft)
Owner	2 Individual Names on Record
Tax Bill	$9,562 (2025)
Deeds & Mortgages	Aug 2022 Mortgage
Flood Zone	Zone X (minimal risk)
APN	`05-04-396-260`

Property Details

APN / Parcel Number

Primary APN	`05-04-396-260`

Interior

Stories	1 Story
Building Area	3,300 sqft Gross Area
1st Floor Area	3,300 sqft
Flooring	Concrete/Cement
Interior Walls	Wallboard/Drywall

Exterior

Year Built	Built 2004
Effective Year Built	Effective 2004
Exterior Material	Metal
Construction Type	Frame
Roof Material	Metal
Lot Area	5,040 sqft (0.116 acres)
Lot Dimensions	140 ft deep x 36 ft wide
Community Room	Community Room

Utilities, Heating & Cooling

Cooling System	HVAC
Heating System	Forced Air with A/C

Location & Zoning

Street Address	111 MAIN ST
City	GILBERT
State	IA
Zip	50105-7705
Property Category	Commercial
Property Type	Commercial > Retail
Legal Description	O T S1/2 LOT 8 & ALL LT 9 & N3' LOT 10 BLK 6
Legal Range	24W
Legal Township	84N
Legal Section	04
Legal Subdivision	ORIGINAL TOWN
Legal Block	6
Legal Lot Number	8-10
Jurisdiction	STORY IA
Township / Civil Division	FRANKLIN
Census Block Group	1
Census Block	1037
Census Tract	103

Owner

Source: Story County records, as of September 1, 2026

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Owner of Record	2 Individual Names on Record
Mailing Address	4111 BALLENTINE DR, AMES, IA 50010-1172
Owner Type	Individual

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed Names	2 Names on Deed
Record Updated	Oct 29, 2026

August 2022: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	STORY IA
Property Address	111 MAIN ST, GILBERT, IA 50105-7705
Transaction Type	Mortgage
Record Updated	Sep 30, 2025

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0202207679
Date	Aug 1, 2022
Instrument	2022-07679

Lender

Name	AVAILA BANK
Type	Bank

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	240 Months
Due	Aug 1, 2042

Interest

Rate Type	Fixed Rate

Tax Assessment & Valuation

Source: Story County assessment roll, as of September 30, 2025

Property Jurisdictions

Type	Name
State	Iowa
County	Story County
Municipality	Gilbert City
Unified School District	Gilbert Community School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$9,562.00 (+14.05%)	$346,900 (+13.18%) Land $37,800 Building $309,100	$346,900 (+13.18%) Land $37,800 Building $309,100
2024	$8,384.00 (+97.92%)
2023		$306,500 (+61.06%) Land $37,800 Building $268,700	$306,500 (+61.06%) Land $37,800 Building $268,700
2022	$4,236.00 (+15.11%)	$190,300 Land $13,900 Building $176,400
2021	$3,680.00		$190,300 Land $13,900 Building $176,400

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

Source: FEMA National Flood Hazard Layer, effective May 25, 2026

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it

Values are read at the parcel center point; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Low lower than 99.1% of the US · lower than 91% of Iowa
Wildfire Likelihood	Under 0.01% annual chance
Exposure	Direct burnable vegetation

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	GILBERT WATER SUPPLY serves 1,211 people · EPA ID IA8531083
Water Source	Groundwater
Last State Inspection	Mar 2024
Also Mapped Here	XENIA RWD (BOONE)
Lead	Under 1 ppb (2024) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	31 last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes. The service area is an EPA estimate; the actual supplier may differ.

Internet Providers

Source: FCC Broadband Data Collection, based on 114 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Metronet Fiber	5,120 / 5,120
Verizon Fixed Wireless	300 / 20

May also be available: GigFire.

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