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Ajruloski 1826 1st St W 3,794 SF Retail Building Independence, IA 50644 $285,000 ($75.12/SF)

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INVESTMENT HIGHLIGHTS

  • Turn-Key Restaurant/Bar/Apartment
  • .447 Acre Corner Lot
  • Many Improvements
  • 3794 Above-Grade Sq.Ft.
  • Includes Real Estate & Equipment

EXECUTIVE SUMMARY

Welcome to a fantastic business opportunity—a well-established turnkey restaurant and bar that offers everything you need to start operating immediately. This sale includes the real estate, all equipment and fixtures. The restaurant seats 60 and is heated and cooled by a furnace and A/C system that’s only 4-5 years old and has a new water heater. A popular local spot, the bar has its own recently installed furnace and A/C system, ensuring a comfortable atmosphere year-round. Separate utilities for the restaurant, bar, and apartment provide flexibility for new ownership or rental arrangements. Ample parking is available with a tiled parking lot. The building is well-maintained with vinyl siding and a combination of asphalt shingles and steel roofing. The steel portion is newer, having been replaced just 2-3 years ago.

TAXES & OPERATING EXPENSES (ACTUAL - 2023) Click Here to Access

ANNUAL ANNUAL PER SF
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99

TAXES & OPERATING EXPENSES (ACTUAL - 2023) Click Here to Access

Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Sale Type
Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,794 SF
Building Class
B
Year Built
1910
Price
$285,000
Price Per SF
$75.12
Tenancy
Single
Building Height
2 Stories
Building FAR
0.19
Lot Size
0.45 AC
Zoning
C-2
Frontage
112’ on 1st Street West

AMENITIES

  • Corner Lot
  • Restaurant
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
06.33.376.005
Land Assessment
$52,840 (2025)
Improvements Assessment
$62,950 (2025)
Total Assessment
$115,790 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023 Payable 2024
  • Listing ID: 33398763

  • Date on Market: 10/3/2024

  • Last Updated:

  • Address: 1826 1st St W, Independence, IA 50644

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