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Steakhouse with Banquet Room
For Sale
$399,000

1807 White Pole Road, Anita, IA 50020

Commercial Sale, Anita, IA

Property Size3,809 SF
Lot Size1.60 Acres
Price / SF$104.75
Days on Market214

Property Features for 1807 White Pole Road

General Information

Property type Commercial Sale
Property subtype Other
Zoning Business/Commercial
Appliances Range, Cooktop, Indoor Grill, Microwave, Exhaust Fan, Dishwasher, Refrigerator, Freezer, Water Softener Owned, Gas Water Heater
Directions Directions from I-80 Take Exit 70 (Anita exit) off Interstate 80. Head south on IA-148 / White Pole Road toward Anita. Continue for about 1 mile. The restaurant will be on the North side along White Pole Road. It's a very easy drive--basically straight off the interstate.
Standard status Active
APN 320007458001000
Lot size 1.60 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description LOT2OF2 NW1/4SW1/4 SEC.28 & S40'LOT1OF2 NW1/4SW1/4 SEC. 28 (EXC.E75') (REDWOOD)
Tax Annual Amount 3444
Legal Description LOT2OF2 NW1/4SW1/4 SEC.28 & S40'LOT1OF2 NW1/4SW1/4 SEC. 28 (EXC.E75') (REDWOOD)

Utilities

Heating system Forced Air
Cooling system Central Air
Water source Public

Building Details

Year built 1947
Number of units 1
Flooring type Carpet, Vinyl, Concrete
Building materials Brick, Vinyl Siding
Roof type Shingle
Architectural style Other
Listing Agency: Arrowhead Realty Company LLC
Listed By: Leanne Haynes · License #B71884000
Added: Mar 10 Changed: Oct 8 Last Checked: Oct 9 at 5:06PM
MLS# 6336487

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

The Redwood Steak House is an operating restaurant at 1807 White Pole Road in Anita, Iowa. Its 3,809-square-foot building, constructed in 1947, contains a commercial kitchen, dining room, banquet room, and full bar. The property also has a large parking lot and sits on 1.6 acres.

The restaurant is just off I-80 and has been owned and operated for 56 years. Brick and vinyl siding, central air, forced-air heating, and public water serve the building. Kitchen equipment includes a range, cooktop, indoor grill, microwave, exhaust fan, dishwasher, refrigerator, and freezer.

Key Highlights

  • 3,809‑square‑foot restaurant on 1.6 acres
  • Full commercial kitchen, dining room, banquet room, and full bar
  • Just off I‑80 in Anita, Iowa

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick Storage Facility Grocery & Convenience Store Building Supply Auto Repair Shop Carpet & Flooring Store Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

59
Businesses Nearby
Well-served
Demand for This Use

Demographics for 50020, IA

1,375
Population
618
Households
2.2
Avg Household Size
47
Median Age
16%
College-Educated
94%
High-School Grad
96.3 sq mi
ZIP Area
14
Density / Sq Mi
$67,125
Median Household Income
$42,530
Median Earnings
$681
Median Rent
$121,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - An operating dining business includes a full commercial kitchen, bar, and event space.
Where is this conventional restaurant located?
The property is located at 1807 White Pole Road Anita, IA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 3,809‑square‑foot restaurant on 1.6 acres; Full commercial kitchen, dining room, banquet room, and full bar; Just off I‑80 in Anita, Iowa
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