119 Main St, Gilbert, IA 50105 Property Records

Story County property record for 119 Main St, Gilbert, IA 50105

Property Summary

Property Type	Warehouse, Storage
Details	2,560 sqft · built 1965
Lot Size	0.106 acres (4,620 sqft)
Owner	Trust Name on File
Last Sale	$215,000 (Oct 2022)
Tax Bill	$4,830 (2025)
Deeds & Mortgages	Aug 2026 Transfer Oct 2022 Sale & Mortgage + 1 more
Flood Zone	Zone X (minimal risk)
APN	`05-04-396-230`

Property Details

APN / Parcel Number

Primary APN	`05-04-396-230`

Interior

Stories	1 Story
Building Area	2,560 sqft Gross Area
1st Floor Area	2,560 sqft
Flooring	Tile
Interior Walls	Block
Overhead Door	Overhead Door

Exterior

Year Built	Built 1965
Effective Year Built	Effective 1965
Exterior Material	Concrete Block
Construction Type	Wood
Roof Material	Shingle
Lot Area	4,620 sqft (0.106 acres)
Lot Dimensions	140 ft deep x 33 ft wide

Utilities, Heating & Cooling

Cooling System	HVAC
Heating System	Space Heater
Heating Fuel	Gas

Location & Zoning

Street Address	119 MAIN ST
City	GILBERT
State	IA
Zip	50105-7705
Property Category	Industrial
Property Type	Industrial > Warehouse, Storage
Legal Description	O T LOT 5 & N1/2 LOT 6 BLK 6
Legal Range	24W
Legal Township	84N
Legal Section	04
Legal Subdivision	ORIGINAL TOWN
Legal Block	6
Legal Lot Number	5,6
Jurisdiction	STORY IA
Township / Civil Division	FRANKLIN
Census Block Group	1
Census Block	1037
Census Tract	103

Owner

119 Main St, an industrial property, is held in a trust since August 2026.

Source: Story County records, as of September 16, 2026

Owner of Record	Trust Name on File
Mailing Address	1219 ROP O HOLLOW RD, AMES, IA 50010
Owner Type	Company
Vesting	Trust, Family Revocable Trust

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

Deeds, Mortgages & Sale History

Date	Document
Aug 6, 2026	Quit Claim Deed, Transfer NONE LISTED ON DOCUMENT
Oct 4, 2022	Warranty Deed, Transfer · Commercial Mortgage EXCHANGE STATE BANK
Oct 5, 2021	Deed of Trust, Mortgage · Commercial Mortgage BANKERS TRUST CO

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Oct 4, 2022 · Amount on File
Deed Sale	Oct 4, 2022 · Amount on File
Prior Sale	Oct 5, 2021 · Amount on File
Deed Document Number	20229729
Last Transfer Date	Aug 4, 2026
Transfer Doc	0000007140
Record Updated	Oct 29, 2026

August 2026: Quit Claim Deed, Transfer

Document Type	Quit Claim Deed
Jurisdiction	STORY IA
Recording Date	Aug 6, 2026
Property Address	119 MAIN ST, GILBERT, IA 50105-7705
Document Number	0000007140
Instrument Date	Aug 4, 2026
Instrument	20267140
Transaction Type	Transfer
Record Updated	Sep 9, 2026
Title Company	NONE LISTED ON DOCUMENT

Transaction

Tax	$0.00
Amount Accuracy	Full Amount Stated
Additional	Quitclaim

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Family Revocable Trust
Investor	Possibly a Property Investor

October 2022: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	STORY IA
Recording Date	Oct 4, 2022
Property Address	119 MAIN ST, GILBERT, IA 50105-7705
Document Number	0202209729
Instrument Date	Oct 3, 2022
Instrument	2022-09729
Transaction Type	Transfer
Record Updated	Sep 30, 2025

Transaction

Amount	Amount on Record
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$343.20
Amount Accuracy	Rounded by County
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	1219 TOP O HOLLOW RD, AMES, IA 50010-4142

Mortgage

Document Number	0202209730
Date	Oct 4, 2022
Instrument	2022-09730

Lender

Name	EXCHANGE STATE BANK
Type	Bank

Agreement

Type	Commercial Mortgage
Amount	Amount on Record

Interest

Rate Type	Fixed Rate

October 2021: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	STORY IA
Property Address	119 MAIN ST, GILBERT, IA 50105-7705
Transaction Type	Mortgage
Record Updated	Dec 1, 2021

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	202112722
Date	Oct 5, 2021
Instrument	2021-12722

Lender

Name	BANKERS TRUST CO
Type	Bank

Agreement

Type	Commercial Mortgage
Amount	Amount on Record
Term	240 Months
Due	Oct 1, 2041

Interest

Rate Type	Fixed Rate

Tax Assessment & Valuation

The 2025 property tax bill for 119 Main St was $4,830, up 83.5% from the year before.

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	$4,830.00 (+83.51%)	$212,700 Land $34,700 Building $178,000	$212,700 Land $34,700 Building $178,000
2024	$2,632.00
2023		$149,500 Land $34,700 Building $114,800	$149,500 Land $34,700 Building $114,800
2022	$1,778.00

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

Flood

FEMA maps place 119 Main St in Zone X, an area of minimal flood risk.

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

Wildfire risk around 119 Main St is low, with less than a 0.01% annual chance of 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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