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28534 U.S. 18 2,095 SF of Retail Space Available in Mc Gregor, IA 52157
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,095 SF | Apr 2027 | $13.75 /SF/YR $1.15 /SF/MO $28,806 /YR $2,401 /MO | Plus Utilities and Char |
1st Floor
Maggies Diner The 2,100 sqft. restaurant / bar / catering / event center building has been operated as a well-known restaurant in NE Iowa for over 30 years. Located near Prairie Du Chien, Wisconsin, McGregor Iowa, Waukon Iowa and Elkader Iowa there are multiple possibilities for this centrally located building. Restaurant is highly profitable. Current owners have been in the business for 20 years and have raised their family, built a new house, and more with the income from the restaurant, which seats 75. Currently only open for breakfast an lunch, there are opportunities for continued growth & expansion, by taking advantage of their bar & liquor license and being open at night for dinner & entertainment. Catering: Currently do over $50,000 / year in catering but can be a lot higher, including hosting weddings, birthday parties, family events, & class reunions. Owners will benefit from low taxes & operating costs. Taxes: $1,262 / yr. for Maggies Diner. If you would like the business to stay as an operating restaurant, the current owners willing to stay up to 3 months and train the new owner. No previous restaurant experience required. The only thing we ask is that the candidate is organized, has a positive attitude and is willing to learn.
- Sublease space available from current tenant
- Listed lease rate plus proportional share of the utilities and cleaning cost
- Centrally Located
- Restaurant
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 2,095 SF | Year Built | 1996 |
| Property Type | Retail | Parking Ratio | 26.19/1,000 SF |
| Gross Leasable Area | 2,100 SF |
| Total Space Available | 2,095 SF |
| Property Type | Retail |
| Gross Leasable Area | 2,100 SF |
| Year Built | 1996 |
| Parking Ratio | 26.19/1,000 SF |
About the Property
Maggie’s Diner offers approx. 2,100 SF with seating for ~75, full kitchen, bar, and catering operations. The storage component includes 91 units across multiple buildings with ~95–96% occupancy, generating consistent recurring income. Strong highway visibility and easy access support both uses. Ideal for investors seeking diversified income streams with upside potential or an owner-operator looking to offset operations with stabilized storage cash flow.
- 24 Hour Access
- Corner Lot
- Restaurant
- Storage Space
Contact the Leasing Agent
28534 U.S. 18