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    114 Elm St Cresco, IA 52136

    For Sale
    $369,000

    Turnkey Business, High-Traffic Location

    Property size:
    2,975 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional opportunity presents the chance to acquire a thriving, award-winning bakery and coffee house in Cresco, Iowa. Established for 30 years, Dough and Joe Bakery boasts a loyal customer base and strong community reputation, consistently ranking among Iowa's top 10 bakeries. The 2,975 square foot main location on N Elm Street offers high visibility and significant foot traffic. A key advantage is the additional retail space within Cresco's Fareway grocery store, providing a secondary sales outlet for fresh baked goods daily, boosting overall profitability. The property also includes a valuable 2-bedroom apartment situated above the main store, overlooking the downtown area, generating supplemental income. This turnkey operation comes fully equipped and ready for immediate operation. The current owners are committed to a smooth transition, offering training and support to ensure continued success. The 0.05-acre property is priced at $369,000 and represents a rare chance to own a well-established, profitable business with significant growth potential. This is an ideal opportunity for an experienced entrepreneur or someone looking to enter the food service industry with a proven business model. Don't miss this chance to own a piece of Cresco's culinary heritage.

    Property Features for 114 Elm St

    General Information

    Property type
    Retail properties
    Square Feet
    2,975 SF
    Lot Size
    2,178 SF

    Building Details

    Year Built
    1890
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dough & Joe Bakery

    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
    Cresco
    County
    Howard
    State
    Iowa
    Longitude
    -92.11682
    Latitude
    43.37284

    Nearby Comparable

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    Nearby Similar for Sale

    • $699,000
      4,250 SF

      Downtown Cresco Retail Gem

      Prime location, remodeled, fully equipped.
      104 Elm St, Cresco, IA 52136
      View Details
    • $449,500
      6,196 SF

      Prime Cresco Commercial Space

      High-visibility, versatile commercial building
      201 3Rd St, Cresco, IA 52136
      View Details

    FAQs

    What type of property is this?
    Retail property - Turnkey Business, High-Traffic Location
    Where is this retail property located?
    The property is located at 114 Elm St Cresco, IA.
    What is the asking price?
    The asking price for this property is $369,000.
    (563) 547-2554
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    114 Elm St Cresco, IA 52136
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    Cresco, IA 52136
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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
    114 Elm St Cresco, IA 52136
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