Conventional Restaurant With
For Sale
$250,000
119 E Main Street, Cherokee, IA 51012
Commercial, Cherokee, IA
Property SizeContact for details
Lot Size0.11 Acres
Days on Market420
Property Features for 119 E Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Surrounding Areas/Other Areas
Standard status
Active
APN
0734209009
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
W 1/2 Lot 2 and E 1/2 Lot 3, Block 14, Lebourveau's Add. Cherokee Inc,, 034-092-040
Tax Annual Amount
3612
Legal Description
W 1/2 Lot 2 and E 1/2 Lot 3, Block 14, Lebourveau's Add. Cherokee Inc,, 034-092-040
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1974
Listing Agency:
Gustafson Realty
Listed By:
Charles Gustafson · License #B23378
(712) 225-4388
Added: Jul 19, 2025
Changed: Sep 9
Last Checked: Sep 11 at 11:06PM
MLS# 829581
Copyright © 2026 Northwest 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.
Investment Insights
Based on property information with market context.
This conventional restaurant property includes the furnishings and equipment used in the operation. The building was constructed in 1974 and occupies a 0.11-acre parcel at 119 E Main Street in Cherokee, Iowa. Heating is provided by a forced-air system, with central air conditioning for cooling.
The business has operated for 30 years, with the owner now retiring. The included equipment and furnishings provide an existing setup for continued restaurant use.
The business has operated for 30 years, with the owner now retiring. The included equipment and furnishings provide an existing setup for continued restaurant use.
Key Highlights
- All equipment and furnishings remain with the property
- Restaurant business operated for 30 years
- 1974 construction
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
377
Businesses Nearby
18k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 52%
Shops & Services 29%
Dining 18%
Fareway
Groceries
9,509 visits/mo
0.4 miles
Sinclair
Shops & Services
4,336 visits/mo
0.5 miles
SUBWAY
Dining
3,296 visits/mo
0.3 miles
Carquest Auto Parts
Shops & Services
1,018 visits/mo
0.3 miles
Demographics for 51012, IA
6,592
Population
2,889
Households
2.3
Avg Household Size
46
Median Age
20%
College-Educated
93%
High-School Grad
147.7 sq mi
ZIP Area
45
Density / Sq Mi
$56,964
Median Household Income
$33,141
Median Earnings
$725
Median Rent
$127,900
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Existing furnishings and equipment are included with the sale.
Where is this conventional restaurant located?
The property is located at 119 E Main Street Cherokee, IA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: All equipment and furnishings remain with the property; Restaurant business operated for 30 years; 1974 construction
