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Corner-Lot Restaurant with Game Room
For Sale
$160,000

103 1st St SE, Primghar, IA 51245

Commercial, Primghar, IA

Property SizeContact for details
Lot Size0.13 Acres
Days on Market43

Property Features for 103 1st St SE

General Information

Property type Commercial Sale
Property subtype Other
Zoning Commercial
Directions GPS
Subdivision Surrounding Areas/Other Areas
Standard status Active
APN 0000187700
Lot size 0.13 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description ORIGINAL TOWN W 46' OF LOT 6 BLK 5
Tax Annual Amount 1180
Legal Description ORIGINAL TOWN W 46' OF LOT 6 BLK 5

Utilities

Heating system Forced Air
Cooling system Central Air

Building Details

Year built 1910
Roof type Other
Listing Agency: Northwest Realty
Listed By: Joni Irwin
Added: Aug 17 Changed: Sep 23 Last Checked: Sep 28 at 2:06AM
MLS# 834250

Copyright © 2026 Northwest Iowa Regional 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.

Investment Insights

Based on property information with market context.

This Pizza Ranch restaurant occupies a corner lot in downtown Primghar and has operated at the location since 1989. The offering includes the building, franchise rights, kitchen equipment, video games, and customer areas. A conveyor oven and large prep table were added in 2023, while the exhaust fan was replaced in 2025. The game room and bathrooms were remodeled in 2023. The property has Commercial zoning, a 0.13-acre site, forced-air heating, central air conditioning, and a 1910 construction date.

The O'Brien County Courthouse is located across the street. The sale combines the restaurant real estate with operating equipment and franchise rights, creating a single-property offering for continued restaurant use.

Key Highlights

  • Restaurant operating at the location since 1989
  • Includes building, Pizza Ranch franchise rights, equipment, and video games
  • 2023 additions include a conveyor oven and large prep table

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick HVAC Service Big Box & Wholesale Store Building Supply Storage Facility Daycare Center Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

158
Businesses Nearby
5k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 90% Home Improvements & Furnishings 10%
Cenex Shops & Services
4,352 visits/mo 0.2 miles
Shea True Value Hardware Home Improvements & Furnishings
473 visits/mo 0.1 miles

Demographics for 51245, IA

1,306
Population
526
Households
2.5
Avg Household Size
41
Median Age
29%
College-Educated
92%
High-School Grad
77.4 sq mi
ZIP Area
17
Density / Sq Mi
$78,958
Median Household Income
$46,250
Median Earnings
$933
Median Rent
$139,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Restaurant - Downtown restaurant operating since 1989 with franchise rights, kitchen equipment, and updated customer areas.
Where is this restaurant located?
The property is located at 103 1st St SE Primghar, IA.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: Restaurant operating at the location since 1989; Includes building, Pizza Ranch franchise rights, equipment, and video games; 2023 additions include a conveyor oven and large prep table
More about this property
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