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    203 S Main St Elkader, IA 52043

    For Sale
    $390,000

    COMMERCIAL - Elkader, IA

    Property size:
    5,360 SF
    Days on Market:
    164
    Last Refresh:
    Dec 5 at 1:06 pm

    Property Features for 203 S Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3
    Bathrooms
    3
    APN
    25-23-340-003
    Parking
    15
    Parking features
    Other
    Basement Y/N
    1
    Size
    5,360 SF

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1890
    Flooring type
    Concrete
    Roof type
    Rubber
    Architectural style
    Other

    Ole's 5 Star Realty, LLC (563) 252-2747

    Listing agent Joe Sylvester (563) 252-2747

    Listing date Jun 25, 2025

    MLS# 152372 Listing URL

    Copyright © 2025 East Central Iowa 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

    Restaurant and Retail Opportunity

    This commercial property in Elkader, Iowa, offers 5360 square feet of space suitable for restaurant or retail use. The property is currently operating as a restaurant, with showings preferably scheduled before 11:00 AM. Potential buyers will be required to sign a confidentiality agreement before reviewing the financials.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Drew's Bar & Grille ... Bar TD's Sports Bar ... Bar

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Elkader
    County
    Clayton
    State
    Iowa
    Longitude
    -91.403612
    Latitude
    42.853673

    FAQs

    What type of property is this?
    Restaurant - Commercial property suitable for restaurant or retail use in Elkader.
    Where is this restaurant located?
    The property is located at 203 S Main St Elkader, IA.
    What is the asking price?
    The asking price for this property is $390,000.
    What are key features of this property?
    This property features: - Central air conditioning for year-round comfort; - Features a basement, great for storage or potential living space; - Concrete flooring throughout
    (563) 252-2747
    Request Owner's contact information
    203 S Main St Elkader, IA 52043
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    Elkader, IA 52043
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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
    203 S Main St Elkader, IA 52043
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