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318 Locust St NE 3,250 SF 100% Leased Retail Building Blairstown, IA 52209 $85,000 ($26.15/SF)
Investment Highlights
- Former café and bakery with existing food service infrastructure.
- Updated flooring, bathrooms, furnace, and water heater.
- Residential living quarters provide live/work flexibility.
- Commercial kitchen includes a newer hood system.
Executive Summary
Turn-key opportunity to own a fully built-out café/restaurant space with additional residential living quarters in the heart of Blairstown. Formerly home to “Our Place” coffee shop & bakery, this property is ideally suited for an owner-operator, investor, or entrepreneur looking for an affordable entry into business ownership.
The main level features a welcoming customer area, service counter, and a functional commercial kitchen equipped with a newer hood system—allowing for immediate operation with minimal upfront investment. Recent updates include newer flooring, updated bathrooms, and improved mechanicals including furnace and water heater.
The property also includes on-site living quarters, offering flexibility for owner occupancy or additional rental income. This live/work setup creates a unique opportunity to operate a business while offsetting expenses through residential use.
With low annual property taxes (~$950/year) and pricing at approximately $26/SF, this asset presents a compelling value well below replacement cost.
Key Highlights
3,250 SF mixed-use building
Former café / bakery – ready for food service use
Commercial kitchen with newer hood system included
Updated interior: flooring, bathrooms, mechanicals
On-site residential living quarters
Live/work or dual-income potential
Low property taxes (~$950/year)
Priced at ~$26/SF (below replacement cost)
Investment / Owner-User Opportunity
Operate your business and live on-site
Lease commercial + residential separately for dual income
Minimal buildout required for food users (major cost savings)
Strong demand for small-town dining, coffee, or retail concepts
Ideal Uses
Coffee shop / café / bakery
Small-town restaurant or bar & grill
Retail boutique or specialty shop
Office or service business
Live/work investment property
Turn-key café/restaurant opportunity with residential living quarters in downtown Blairstown. Includes commercial kitchen with hood, updated interior, and strong live/work or dual-income potential. Priced at just $85,000 (~$26/SF) with low taxes.
Call PJ McInerney at Pinnacle Commercial with questions or showing instructions. (319) 775-3040.
Licensed in the State of Iowa
The main level features a welcoming customer area, service counter, and a functional commercial kitchen equipped with a newer hood system—allowing for immediate operation with minimal upfront investment. Recent updates include newer flooring, updated bathrooms, and improved mechanicals including furnace and water heater.
The property also includes on-site living quarters, offering flexibility for owner occupancy or additional rental income. This live/work setup creates a unique opportunity to operate a business while offsetting expenses through residential use.
With low annual property taxes (~$950/year) and pricing at approximately $26/SF, this asset presents a compelling value well below replacement cost.
Key Highlights
3,250 SF mixed-use building
Former café / bakery – ready for food service use
Commercial kitchen with newer hood system included
Updated interior: flooring, bathrooms, mechanicals
On-site residential living quarters
Live/work or dual-income potential
Low property taxes (~$950/year)
Priced at ~$26/SF (below replacement cost)
Investment / Owner-User Opportunity
Operate your business and live on-site
Lease commercial + residential separately for dual income
Minimal buildout required for food users (major cost savings)
Strong demand for small-town dining, coffee, or retail concepts
Ideal Uses
Coffee shop / café / bakery
Small-town restaurant or bar & grill
Retail boutique or specialty shop
Office or service business
Live/work investment property
Turn-key café/restaurant opportunity with residential living quarters in downtown Blairstown. Includes commercial kitchen with hood, updated interior, and strong live/work or dual-income potential. Priced at just $85,000 (~$26/SF) with low taxes.
Call PJ McInerney at Pinnacle Commercial with questions or showing instructions. (319) 775-3040.
Licensed in the State of Iowa
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,250 SF
Building Class
C
Year Built
1920
Price
$85,000
Price Per SF
$26.15
Percent Leased
100%
Building Height
2 Stories
Building FAR
1.24
Lot Size
0.06 AC
Not walkable
10/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 05009100 | Improvements Assessment | $55,600 |
| Land Assessment | $9,700 | Total Assessment | $65,300 |
Property Taxes
Parcel Number
05009100
Land Assessment
$9,700
Improvements Assessment
$55,600
Total Assessment
$65,300
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