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    126 Franklin St Center Point, IA 52213

    For Sale
    $550,000

    Business - Center Point, IA

    Type:Business
    Property size:
    3,888 SF
    Lot size:
    0.69 Acres
    Days on Market:
    121
    Last Refresh:
    Dec 5 at 4:06 pm

    Property Features for 126 Franklin St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Standard status
    Active
    Zoning
    Comm
    Rooms
    Basement
    APN
    05094-76003-00000
    Basement Y/N
    1
    Size
    3,888 SF
    Lot size
    0.69 Acres

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1958
    Architectural style
    Other

    Legacy Group REALTORS (DBA Keller Williams Legacy Group) (319) 423-4139 [email protected]

    Listing agent Rachel Koth (319) 423-4139

    Listing date Aug 7, 2025

    MLS# 2506784 Listing URL

    Copyright © 2025 Cedar Rapids Area Association 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

    Turnkey Restaurant & Commercial Property

    This commercial property, located in the heart of Center Point, Iowa, presents an opportunity to own a well-established business. The property, currently operating as The Pizza Place, has been a local dining staple for years, offering both dine-in and carry-out service. The building spans approximately 3,888 square feet and includes two dining areas, a full commercial kitchen with updated equipment, and a second, newly renovated pizza kitchen designed for efficiency and high-volume production. Additional features include walk-in coolers, prep space, and ample dry storage. The property also includes a large attached shop with overhead doors suitable for storage, expansion, or an additional revenue stream. Situated on a 0.689-acre lot with generous parking and easy access to I-380, this property offers potential for entrepreneurs or investors looking to own a piece of Center Point’s commercial corridor. The property is zoned for commercial use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Pizza Place Pizza Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Center Point
    County
    Linn
    State
    Iowa
    Longitude
    -91.777691
    Latitude
    42.1856416

    Nearby Similar for Sale

    • $550,000
      0.69 Acres

      Turnkey Restaurant & Commercial Property

      Established restaurant and versatile commercial property in Center Point, Iowa.
      126 Franklin St, Center Point, IA 52213
      View Details
    • $475,000
      10,340 SF

      Center Point Industrial Property For Sale

      Large industrial property with auto repair equipment and recent upgrades.
      209 Franklin St, Center Point, IA 52213
      View Details
    • $849,000
      4,620 SF

      Versatile Office/Shop Building For Sale

      Office/shop building with I-380 access, suitable for various operations.
      4299 Lewis Access Rd, Center Point, IA 52213
      View Details

    FAQs

    What type of property is this?
    Turn key restaurant - Established restaurant with commercial kitchen and additional shop space.
    Where is this turn key restaurant located?
    The property is located at 126 Franklin St Center Point, IA.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: - Turnkey Restaurant: Established business (The Pizza Place) with loyal clientele and highway traffic.; - High-Volume Pizza Kitchen: Newly renovated, designed for efficient, high-volume production.; - Versatile Commercial Property: Includes a large attached shop with overhead doors for storage, expansion, or additional revenue.
    (319) 423-4139
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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
    126 Franklin St Center Point, IA 52213
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