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604 W 7th St 1,992 SF Retail Building Atlantic, IA 50022 $140,000 ($70.28/SF)

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INVESTMENT HIGHLIGHTS

  • Includes turn-key business with loyal clientele
  • Additional property available (currently has a house on it)
  • Highway location on a corner lot

EXECUTIVE SUMMARY

Prime commercial property with unlimited potential! Take advantage of this incredible opportunity to own a high-visibility commercial property located on the main thoroughfare though Atlantic, Iowa. This versatile space is perfect for retail, a bar, offices, or continue as a restaurant. Whatever your vision may be, the possibilities are endless! With excellent exposure and steady traffic flow, your business will get the attention it deserves. The property offers plenty of parking, making it a convenient and accessible destination. Whether you're starting something new or expanding an existing venture, this prime location is ready for your big ideas. Location, flexibility, visibility - it's all here! Updates included a recently remodeled restroom, new heating and a/c units and a mini-split installed in 2020, asphalt in parking lot installed in 2021, new sewer line from the street to the building in 2022, new electrical system installed underground to the building and new electrical box installed beside the existing box in 2023/2024.

ATTACHMENTS

west side diner inventory list

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

ANNUAL ANNUAL PER SF
Taxes - -
Operating Expenses - -

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

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

PROPERTY FACTS

Sale Type
Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
1,992 SF
Building Class
B
Year Built
1963
Price
$140,000
Price Per SF
$70.28
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.32 AC
Opportunity Zone
Yes
Zoning
Commercial - Highway location on main thoroughfare through Atlantic, Iowa.
Parking
21 Spaces (10.54 Spaces per 1,000 SF Leased)
Frontage
140’ on 7th Street

AMENITIES

  • Corner Lot
  • Restaurant
  • Signage
  • Storage Space
  • Air Conditioning

NEARBY MAJOR RETAILERS

Wells Fargo Home Mortgage
Champs Chicken
Jazzercise
The YMCA

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
300006435001000
Land Assessment
$18,480 (2024)
Improvements Assessment
$92,870 (2024)
Total Assessment
$111,350 (2024)
  • Listing ID: 34531942

  • Date on Market: 1/18/2025

  • Last Updated:

  • Address: 604 W 7th St, Atlantic, IA 50022

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