3906 E Main St 8 Unit Apartment Building For Sale Knoxville, IA 50138

This mixed-use property near Knoxville, IA presents a compelling opportunity for both investors and owner-operators. Featuring a fully equipped, turnkey restaurant with a spacious outdoor entertainment area, the site is designed to accommodate immediate business operations. Above the restaurant are owner’s living quarters, providing convenience for hands-on management. Additionally, the property includes six fully occupied rental apartments, generating consistent income that contributes to a reported gross potential income of nearly $10,000 per month.
Its location just beyond Knoxville offers the advantages of a supportive community and proximity to major roadways, enabling strong regional access. With its combination of hospitality, residential income, and commercial potential, this property serves as a unique investment that balances cash flow with operational control. Buyers can leverage the onsite living space and expand entertainment offerings to fully capitalize on the available amenities and vibrant local demand. This property also includes a condo located in 4550 Cove Cir #1105 St. Petersburg, Fl. 33708. This studio apartment is situated on the 11th floor overlooking intracoastal waterways and the Gulf of Mexico. It comes fully furnished and is available for owner living or for vacation stays and can also be rented to locals and tourists.