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    1215 Plaza Dr Carroll, IA 51401

    For Sale
    $1,150,000

    Commercial Sale, Business - Carroll, IA

    Property size:
    7,440 SF
    Lot size:
    2.50 Acres
    Days on Market:
    65
    Last Refresh:
    Dec 13 at 10:06 am

    Property Features for 1215 Plaza Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    0719456024
    Size
    7,440 SF
    Lot size
    2.50 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1990
    Number of units
    1
    Building materials
    Wood Siding
    Roof type
    Shingle
    Architectural style
    Other

    Kanne Realty & Associates (712) 792-2776

    Listing agent Nick Kanne (712) 792-2776 License #***

    Listing date Oct 10, 2025

    MLS# 6314900 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

    Profitable Restaurant & Bar For Sale

    This profitable and well-known restaurant and bar is situated on approximately 2.5 acres. The establishment is located along a main thoroughfare in Carroll and Central Iowa. The Piranha Club Bar & Grill has operated for over 25 years and has a solid clientele. The restaurant offers a full grill and fryer menu, as well as homemade pizza. The recently updated floorplan provides a direct view from the front to the back of the property, with the option to close off a section for private events. The property features a covered patio, sand volleyball court, and an outdoor space that has been used for concerts and car shows. The building size is 7,440 square feet. Additional land is available. This is a turn-key business.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Similar Places Nearby

    Iowa Legendary Rye, Brothers on main, Carroll Brewing Co, Piranha Club, Kerp's Tavern

    Location Insight

    • Map
    • Local Demand
    City
    Carroll
    County
    Carroll
    State
    Iowa
    Longitude
    -94.84847
    Latitude
    42.064871

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    FAQs

    What type of property is this?
    Bar - Well-known restaurant and bar on 2.5 acres in Carroll, IA.
    Where is this bar located?
    The property is located at 1215 Plaza Dr Carroll, IA.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: - Established restaurant and bar with a 25+ year history and solid clientele.; - Located on nearly 1.5 acres along a main road in Carroll and Central Iowa.; - Turn-key business opportunity ready for new ownership.
    (712) 792-2776
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    1215 Plaza Dr Carroll, IA 51401
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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
    1215 Plaza Dr Carroll, IA 51401
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