Double-Lot Restaurant
For Sale
$185,000
503 & 507 S Main Street, New Sharon, IA 50207
CommercialSale, New Sharon, IA
Property SizeContact for details
Lot Size0.47 Acres
Days on Market79
Property Features for 503 & 507 S Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C
Lot features
Irregular Lot
Elementary school district
NORTHMAHASKA
Middle school district
NORTHMAHASKA
High school district
NORTHMAHASKA
Directions
Starting at 146/63 intersection, head south on 63 for .2 miles. Property will be on the right.
Subdivision
New Sharon
Standard status
Active
APN
0224127046 & 0224127023
Lot size
0.47 Acres
Taxes and HOA fees
Tax Description
LOTS I & J OF LOT 1 N 1/2 NE NW & LOT A N 1/2 NE NW
Tax Annual Amount
1090
Legal Description
LOTS I & J OF LOT 1 N 1/2 NE NW & LOT A N 1/2 NE NW
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Building Details
Year built
2018
Building materials
MetalSiding
Roof type
Metal
Listing Agency:
RE/MAX Precision · RE/MAX International
(515) 223-9492
Listed By:
Justin Ver Steeg
(641) 780-4373
Added: Jun 5
Changed: Aug 19
Last Checked: Aug 22 at 5:06PM
MLS# 742456
Copyright © 2026 Des Moines Area Association of REALTORS®, Inc. 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.
This restaurant property occupies a 0.47-acre parcel and was constructed in 2018. The building features metal siding, a metal roof, natural gas heating, and connections to public water and public sewer. The commercial site is zoned C.
Located at 503 & 507 S Main Street, the property is positioned on US 63 in New Sharon, Iowa. Its two-lot configuration provides the physical setting described for the restaurant use, while the existing building and public utility connections support continued commercial occupancy.
Located at 503 & 507 S Main Street, the property is positioned on US 63 in New Sharon, Iowa. Its two-lot configuration provides the physical setting described for the restaurant use, while the existing building and public utility connections support continued commercial occupancy.
Key Highlights
- 0.47‑acre restaurant property on US 63
- Constructed in 2018
- Two‑lot configuration at 503 & 507 S Main Street
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
116
Businesses Nearby
7k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
New Sharon #2
Shops & Services
7,210 visits/mo
0.1 miles
Demographics for 50207, IA
2,495
Population
1,175
Households
2.1
Avg Household Size
42
Median Age
22%
College-Educated
96%
High-School Grad
142.9 sq mi
ZIP Area
17
Density / Sq Mi
$76,389
Median Household Income
$40,375
Median Earnings
$577
Median Rent
$156,500
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Built in 2018 with public water and sewer service.
Where is this conventional restaurant located?
The property is located at 503 & 507 S Main Street New Sharon, IA.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: 0.47‑acre restaurant property on US 63; Constructed in 2018; Two‑lot configuration at 503 & 507 S Main Street
