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116 N Illinois St Lake City, IA 51449

For Sale
$110,000

Retail, Commercial Sale - Lake City, IA

Days on Market:
31
Last Refresh:
Dec 14 at 1:06 am

Property Features for 116 N Illinois St

General Information

Property type
Commercial Sale
Property subtype
Other
Standard status
Active
APN
863307466003
Parking features
On Street

Utilities

Heating system
Forced Air

Building Details

Year built
1900
Number of units
1
Building materials
Brick, Metal Siding
Architectural style
Other

Exit Realty Frontier (515) 227-7355

Listing agent Emily Melody (515) 227-7355 License #***

Listing date Nov 14, 2025

MLS# 6333743 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 and Bar Fixture

This established restaurant and bar, known as One More Wheel, is available for purchase. A fixture in Lake City for decades, this location has operated for nearly 40 years, previously known as Jalisco’s and the Wagon Wheel. The building has served as a community gathering spot. The sale includes all restaurant trade fixtures. This property is located in Lake City, Iowa.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Jalisco Mexican Restaurant ... Mexican Restaurant

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.

Location Insight

  • Map
  • Local Demand
City
Lake City
County
Calhoun
State
Iowa
Longitude
-94.732271
Latitude
42.268003

FAQs

What type of property is this?
Restaurant - Popular restaurant and bar in Lake City, Iowa for sale.
Where is this restaurant located?
The property is located at 116 N Illinois St Lake City, IA.
What is the asking price?
The asking price for this property is $110,000.
What are key features of this property?
This property features: - Established restaurant location with a 40-year history as a community gathering spot.; - Includes all restaurant trade fixtures, allowing for immediate operation.; - Building loaded with character.
More about this property
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