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    204 Main St Terril, IA 51364

    Under Contract
    For Sale
    $150,000

    Commercial - Terril, IA

    Days on Market:
    24
    Last Refresh:
    Dec 7 at 11:06 pm

    Property Features for 204 Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active Under Contract
    APN
    12-15-164-007
    Parking features
    Driveway, Other

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1955
    Building materials
    Brick, Metal Siding
    Architectural style
    Other

    RE/MAX Lakes Realty (712) 336-4967 [email protected]

    Listing agent Janie Eick (712) 336-4967 License #S66795

    Listing date Nov 14, 2025

    MLS# 250773 Listing URL

    Copyright © 2025 Iowa Great Lakes 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.

    Overview

    Turnkey Bar and Grill Business

    This well-established bar and grill is a turnkey business opportunity located in Terril, Iowa, approximately 10 miles east of the Iowa Great Lakes. The business attracts both local and visiting customers and is known for its food, including wing nights and steak nights. The sale includes three parcels: the bar and restaurant, an adjacent parking lot, and an additional lot to the west featuring a cold storage shed. The property has undergone extensive upgrades, including remodeled bathrooms, a new enclosed backroom with updated wiring, a new exhaust system, replaced front windows, a cement pad for outdoor seating, two cement pads for new walk-in coolers, and fresh rock around exterior areas. Kitchen improvements include a new prep table, a three-compartment sink, and the installation of a 50-amp outlet. A new roof was installed in 2019, and a new furnace in 2020. The cold storage shed has been raised with new steps and reinforced with new rafters. The property is being sold as-is and turn-key with all furnishings and equipment included, allowing a new owner to continue the successful operation. Seller financing and contract purchase options are available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Plastic Molders LLC Plastic Fabrication Company

    Suggested Use

    Auto Parts Store Bar & Pub

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

    Similar Places Nearby

    Mainstreet Bar and Grill

    Location Insight

    • Map
    • Local Demand
    City
    Terril
    County
    Dickinson
    State
    Iowa
    Longitude
    -94.9725162
    Latitude
    43.3061096

    FAQs

    What type of property is this?
    Bar - Established bar and grill with loyal customer base in Terril, IA.
    Where is this bar located?
    The property is located at 204 Main St Terril, IA.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: - Turnkey bar and grill with established business and loyal customer base.; - Includes bar/restaurant, parking lot, and additional lot with cold storage shed.; - Extensive recent upgrades including remodeled bathrooms, new enclosed backroom, exhaust system, roof (2019), and furnace (2020).
    (712) 336-4967
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    204 Main St Terril, IA 51364
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    Terril, IA 51364
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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
    204 Main St Terril, IA 51364
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