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    1011 N Broadway St Red Oak, IA 51566

    For Sale
    $105,000

    Commercial Sale, Business - Red Oak, IA

    Property size:
    1,495 SF
    Lot size:
    0.58 Acres
    Days on Market:
    72
    Last Refresh:
    Dec 5 at 4:06 am

    Property Features for 1011 N Broadway St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Business/Commercial
    APN
    600629229002000
    Parking features
    Garage, Garage - Detached, Paved or Surfaced
    Size
    1,495 SF
    Lot size
    0.58 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1961
    Number of units
    1
    Building materials
    Metal Siding
    Architectural style
    Other

    Rubey Realty (712) 623-2724 [email protected]

    Listing agent Sheryl Wederquist (712) 623-2724 License #***

    Listing date Sep 25, 2025

    MLS# 6302263 Listing URL

    Copyright © 2025 NoCoast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Established Restaurant Business For Sale

    The property at 1011 N Broadway Street N in Red Oak, Iowa, presents a commercial opportunity with a well-established restaurant business. This property, zoned for business and commercial use, includes the China Gate Express restaurant. The building has a size of 1495 square feet and is situated on a lot of 0.58 acres. The property also generates rental income from the back lot, which is currently leased for $200 per month and has a separate electrical hookup. This property is suited for drive-through restaurants, general restaurants, retail properties, individual retail properties, and retail space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    China Gate Express Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Red Oak
    County
    Montgomery
    State
    Iowa
    Longitude
    -95.233292
    Latitude
    41.01352

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    FAQs

    What type of property is this?
    Drive through restaurant - Well-established restaurant with additional rental income opportunity in Red Oak, IA.
    Where is this drive through restaurant located?
    The property is located at 1011 N Broadway St Red Oak, IA.
    What is the asking price?
    The asking price for this property is $105,000.
    What are key features of this property?
    This property features: - Established China Gate Express business ready for new ownership.; - Opportunity for business ownership.; - Rental income from back lot ($200/month).
    (712) 623-2724
    Request Owner's contact information
    1011 N Broadway St Red Oak, IA 51566
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    Red Oak, IA 51566
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1011 N Broadway St Red Oak, IA 51566
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