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    118 W 1St St Sumner, IA 50674

    For Sale
    $499,900

    SINGLE_FAMILY - Sumner, IA

    Type:Office
    Lot size:
    0.12 Acres
    Days on Market:
    176
    Last Refresh:
    Dec 6 at 2:06 pm

    Property Features for 118 W 1St St

    General Information

    Property type
    Residential
    Property subtype
    Office
    Standard status
    Active
    Zoning
    C & R
    APN
    0424366007
    Lot size
    0.12 Acres

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air, Hot Water(Heating)
    Cooling system
    Central Air, Multi Units

    Building Details

    Year built
    1897
    Flooring type
    Wood
    Roof type
    Metal

    Century 21 Signature Real Estate (319) 239-1281 [email protected]

    Listing agent Timothy Lalk (319) 352-1157

    Listing date Jun 14, 2025

    Copyright © 2025 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

    Historic Sumner Building with Rental Income

    This iconic property in Sumner, originally built in 1897 as the Bank of Sumner, offers 6,416 sq ft of historic charm and character. The building, listed on the National Registry of Historic Places in 2004 after a complete renovation, currently houses a bar and restaurant on the ground floor, with the upper level designated for short-term rentals. The property features three bedrooms, each with a private bath, and three floor-to-ceiling stone fireplaces. A vintage 20 ft mahogany bar includes an armrest, footrest, and brass waiter bar. An elevator provides access to the second-floor living area, which also features a 1,200 sq ft deck. A lift accesses a partially finished basement. Situated on a 0.12-acre lot, the property's zoning is C & R. The upper level could be converted back into a 3,200 sq ft residence featuring three bedrooms and 3.5 baths with a simple change of three door knobs. Furnishings, equipment, and inventory are negotiable. The property is located in Sumner, Iowa.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Property Shoppe Real Estate Agency Clocktower Koselig Lounge S K Rogers ... Funeral Home Midwest Trunk Co Antique Furniture Restoration Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Building Supply Clothing Store Gym & Fitness Auto Repair Shop Pharmacy

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

    Similar Places Nearby

    Meadowbrook Country Club, Clocktower Koselig

    Location Insight

    • Map
    • Local Demand
    City
    Sumner
    County
    Bremer
    State
    Iowa
    Longitude
    -92.098813
    Latitude
    42.847678

    Nearby Similar for Sale

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      0.24 Acres

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      Upgraded warehouse with docking doors and office space available.
      214 N Carpenter St, Sumner, IA 50674
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    • $59,000
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      Sumner Warehouse: Prime Commercial Space

      Spacious warehouse, updated roof, 4 docks.
      214 Carpenter St, Sumner, IA 50674
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    FAQs

    What type of property is this?
    Bar - Remodeled historic building with bar, restaurant, and short-term rentals.
    Where is this bar located?
    The property is located at 118 W 1St St Sumner, IA.
    What is the asking price?
    The asking price for this property is $499,900.
    What are key features of this property?
    This property features: - Iconic, meticulously remodeled historic property (6,416 sq ft) with conversion potential.; - Currently configured with a ground-floor bar/restaurant and upper-level short-term rentals, offering immediate income potential.; - Features a vintage 20 ft mahogany bar, three floor-to-ceiling stone fireplaces, and an elevator.
    (319) 352-1157
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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
    118 W 1St St Sumner, IA 50674
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