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    11 Benton Ave E Albia, IA 52531

    For Sale
    $289,000

    Commercial Sale - Albia, IA

    Days on Market:
    152
    Last Refresh:
    Dec 5 at 8:06 am

    Property Features for 11 Benton Ave E

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    21000900500000
    Parking features
    On Street

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1889
    Number of units
    1
    Building materials
    Brick
    Architectural style
    Other

    RE/MAX Pride-Ottumwa (641) 683-3777

    Listing agent Anthony Gevock (641) 683-3777 License #***

    Listing date Jul 7, 2025

    MLS# 6324050 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

    Turn-Key Restaurant/Bar on the Square

    This is a turn-key restaurant and bar opportunity located on the square in Albia, Iowa. The main level spans 3500 square feet and includes a fully outfitted bar, restaurant area, office space, seating, and two restrooms. The sale encompasses all kitchen equipment, tables, chairs, and cutlery. A private courtyard provides additional seating. Shared alley space offers further seating options and ambiance. The upstairs area presents possibilities for additional restaurant seating, event space, or conference use. The property also features a full basement. The building is equipped with four furnaces and four central air conditioning units. This space is ready for a new owner.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Similar Places Nearby

    Murph's Sports Bar

    Location Insight

    • Map
    • Local Demand
    City
    Albia
    County
    Monroe
    State
    Iowa
    Longitude
    -92.807833
    Latitude
    41.027334

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    FAQs

    What type of property is this?
    Bar - Turn-key restaurant/bar in Albia, IA with courtyard seating.
    Where is this bar located?
    The property is located at 11 Benton Ave E Albia, IA.
    What is the asking price?
    The asking price for this property is $289,000.
    What are key features of this property?
    This property features: - Turn-key restaurant/bar with all equipment, tables, chairs, and cutlery included; - Prime location on the square in Albia; - 3500 sq ft main level with bar, restaurant, office, seating, and two restrooms
    (641) 683-3777
    Request Owner's contact information
    11 Benton Ave E Albia, IA 52531
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    Albia, IA 52531
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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
    11 Benton Ave E Albia, IA 52531
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