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    107 Northern Avenue Earlville, IA 52041

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    For Sale
    $179,900

    SINGLE_FAMILY - Earlville, IA

    Type:Retail
    Property size:
    1,600 SF
    Lot size:
    0.23 Acres
    Added:
    Jan 21, 2025
    Days on Market:
    458
    Last Refresh:
    Apr 24 at 11:06 am

    Property Features for 107 Northern Avenue

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Zoning
    Commercial
    Standard status
    Active
    APN
    550000100300
    Size
    1,600 SF
    Lot size
    0.23 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    PITKINS ADD LT 4 BLK 14 N 6" LOT 5 BLK 14 PITKINS ADD S 1/2 LOT 3 BLK 14
    Tax Annual Amount
    1558

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1947
    Flooring type
    Tile
    Building materials
    Frame
    Roof type
    Metal

    We can help!

    Listing Contact
    Patty Coleman

    Listing agent Patty Coleman License #B42574000

    Listing office F and G Realty 210 N Franklin St, Manchester, IA

    Listing date Jan 21, 2025

    MLS# 20250284

    Copyright © 2026 Northeast Iowa Regional Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turnkey Restaurant/Bar with Outdoor Patio

    This restaurant/bar property presents an opportunity to own a fully equipped building suitable for starting a business. The interior space, exceeding 1,600 sq ft, includes a dining area designed to seat over 45 patrons. The well-equipped kitchen features expansive cooking and prep areas, along with a walk-in cooler to support high-volume operations. A basement provides space for storage, additional prep work, or other business needs. A 3-car garage offers storage for equipment or parking for owners/managers. The property also includes a 28x54 stamped patio, suitable for hosting events, from private parties to community gatherings. The property is located in Earlville, Iowa, and is zoned commercial. Situated in a high-visibility area with convenient access, this location is suited to accommodate a variety of restaurant concepts.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Emma's Cafe Restaurant Marshall's Public House Restaurant

    Suggested Use

    Restaurant Spa & Massage Center Hair Salon Nail Salon Auto Repair Shop Big Box & Wholesale Store Hotel & Motel Daycare Center Electrical Service Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Earlville
    County
    Delaware
    State
    Iowa
    Longitude
    -91.272744
    Latitude
    42.482191

    Nearby Similar for Sale

    • $179,900
      1,600 SF

      Turnkey Restaurant/Bar with Outdoor Patio

      Equipped restaurant/bar with seating, kitchen, and outdoor entertaining space.
      107 Northern Ave, Earlville, IA, 52041-2548
      View Details
    • $179,900
      1,621 SF

      Equipped Restaurant/Bar with Outdoor Patio

      Turnkey restaurant/bar with spacious interior and outdoor entertaining area.
      107 Northern Avenue, Earlville, IA 52041
      View Details

    FAQs

    What type of property is this?
    Bar & Pub - Fully equipped restaurant/bar with spacious layout and outdoor entertaining space.
    Where is this bar & pub located?
    The property is located at 107 Northern Avenue Earlville, IA.
    What is the asking price?
    The asking price for this property is $179,900.
    What are key features of this property?
    This property features: Fully equipped restaurant/bar in a prime, high‑visibility location.; Spacious layout seating over 45 patrons with a thoughtfully designed dining area.; Well‑equipped kitchen with expansive cooking and prep areas, including a walk‑in cooler.
    (563) 920-0882
    We can help!
    Listing Contact
    Patty Coleman
    Real Estate License ID: B42574000
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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