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    721 Main St Osage, IA 50461

    For Sale
    $324,900

    RESTAURANT, 2 Story - OSAGE, IA

    Property size:
    5,148 SF
    Days on Market:
    177
    Last Refresh:
    Dec 9 at 3:06 pm

    Property Features for 721 Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Z3 - General Urban District
    APN
    1024354013
    Interior features
    All Equipment Included
    Size
    5,148 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1900
    Floors in Building
    2
    Flooring type
    Tile, Wood
    Building materials
    Brick, Brick Veneer
    Architectural style
    Other

    CENTURY 21 Preferred (641) 424-9400 [email protected]

    Listing agent RYAN KETELSEN (641) 424-9400 License #S66296

    Listing date Jun 16, 2025

    MLS# 250384 Listing URL

    Copyright © 2025 Greater Mason City 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

    Established Diner with Living Space

    This property presents an opportunity to acquire a fully operational diner with the added benefit of on-site living or rental income potential. The diner features a spacious, updated dining area and a fully equipped commercial kitchen. Updated furnishings and modern kitchen equipment are in place to ensure a smooth transition for the new owner. The kitchen is designed with a functional work flow layout. Located in a high-traffic area, the diner benefits from a strong community presence and a loyal customer base. The property also includes a spacious two-bedroom apartment on the upper level. The apartment is fully furnished and includes a private entrance, a full bathroom, a large living room with a view overlooking Main Street, and an on-site washer and dryer. The property is zoned Z3 - General Urban District. The building's living area measures 5148 square feet. This turnkey opportunity is suited for continuing the current business concept or implementing a new culinary vision.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    BecMar Diner Diner

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Osage
    County
    Mitchell
    State
    Iowa
    Longitude
    -92.81017
    Latitude
    43.28439

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    FAQs

    What type of property is this?
    Breakfast & diner - Turnkey diner with updated dining area and two-bedroom apartment.
    Where is this breakfast & diner located?
    The property is located at 721 Main St Osage, IA.
    What is the asking price?
    The asking price for this property is $324,900.
    What are key features of this property?
    This property features: - Fully operational, turnkey diner with loyal customer base and strong community presence.; - Spacious 2-bedroom apartment upstairs provides on-site living or rental income potential.; - Updated dining area and fully equipped commercial kitchen with modern appliances.
    (641) 424-9400
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    721 Main St Osage, IA 50461
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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
    721 Main St Osage, IA 50461
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