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    503 South Main St New Sharon, IA 50207

    For Sale
    $230,000

    Business - New Sharon, IA

    Type:Business
    Property size:
    480 SF
    Lot size:
    0.47 Acres
    Days on Market:
    128
    Last Refresh:
    Dec 6 at 2:06 am

    Property Features for 503 South Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Standard status
    Active
    Zoning
    Commer
    APN
    0224127046 and 0224127023
    Size
    480 SF
    Lot size
    0.47 Acres

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    2018
    Flooring type
    Concrete, Wood
    Building materials
    Frame
    Roof type
    Metal
    Architectural style
    Other

    Coldwell Banker Hedges (319) 367-8760 [email protected]

    Listing agent Patricia O'Connell (319) 364-8121

    Listing date Aug 1, 2025

    MLS# 2506668 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

    Established Restaurant Business For Sale

    An established seasonal quick-service restaurant, a staple in the New Sharon, IA community since 1950, is available for sale. The property is located at 503 & 507 South Main and includes a double lot with space for expansion and a spacious parking lot. An on-site playground and an additional storage shed are also included. The restaurant is situated on a hard surface road with excellent visibility and accessibility. The property is zoned for commercial use and has a lot size of 0.47 acres. The building has a living area of 480 square feet. All restaurant equipment, playground equipment, and additional storage are included. There is potential for growth by expanding operating hours, adding new menu items, or developing the property further.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness Auto Repair Shop Wholesale Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    New Sharon
    County
    Mahaska
    State
    Iowa
    Longitude
    -92.651142
    Latitude
    41.465622

    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Drive through restaurant - Seasonal quick-service restaurant in New Sharon, IA, established in 1950.
    Where is this drive through restaurant located?
    The property is located at 503 South Main St New Sharon, IA.
    What is the asking price?
    The asking price for this property is $230,000.
    What are key features of this property?
    This property features: - Established and iconic seasonal quick-service restaurant operating since 1950, offering a strong business foundation.; - Turnkey operation with all restaurant, playground, and storage equipment included for a seamless transition.; - Prime location on a hard surface road with excellent visibility and accessibility.
    (319) 364-8121
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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
    503 South Main St New Sharon, IA 50207
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