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    112 1St St Charlotte, IA 52731

    For Sale
    $197,000

    Bar & Grill, .48 Acre Lot, High Traffic

    Property size:
    2,520 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional commercial property, located at 112 1st Street in Charlotte, Iowa, presents a unique investment opportunity. The 2,520 square foot building currently operates as a bar and grill, benefiting from a high volume of daily traffic, approximately 700 vehicles per day. Situated on a gently sloping 0.48-acre lot, the property boasts a pleasant green space with a shady area overlooking the building and an outdoor stage, offering significant potential for expansion or outdoor events. The sale includes most of the furniture, fixtures, and equipment (FF&E), with a detailed list available upon request. A convenient 10 x 12 storage shed is also included. The property's zoning is flexible, and the city's welcoming approach to development makes it suitable for a variety of uses beyond its current configuration. Potential alternative uses could include a convenience store, cafГ©, or even residential conversion, subject to necessary approvals. The asking price of $197,000 is below prior appraisals and assessments, representing a compelling value proposition for discerning investors.

    Property Features for 112 1St St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,520 SF
    Lot Size
    20,909 SF

    Building Details

    Year Built
    2016
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Wholesale Shop Bar & Pub Discount Store Electrical Service Pawn Shop Italian Restaurant Butcher Parking Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Clinton
    State
    Iowa
    Longitude
    -90.47247
    Latitude
    41.96068

    Nearby Comparable

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      116.50 Acres

      Clinton County Farmland Opportunity

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      Preston Restaurant & Retail Opportunity

      Historic Restaurant, Retail Space, Iowa
      41 Gillet St, Preston, IA 52069
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    • $219,900
      1,504 SF

      Former Bank Building with Drive-Through

      Brick building with drive-through, suitable for business or residential use.
      301 Western Ave, Delmar, IA 52037
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Bar & Grill, .48 Acre Lot, High Traffic
    Where is this commercial real estate located?
    The property is located at 112 1St St Charlotte, IA.
    What is the asking price?
    The asking price for this property is $197,000.
    Request Owner's contact information
    112 1St St Charlotte, IA 52731
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    112 1St St
    Charlotte, IA 52731
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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
    112 1St St Charlotte, IA 52731
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