Property profile

218 Main St Orchard, IA 50460

OFF-MARKET
Bars & Pubs
Property ID
US25-2217079
1,680 SF 0.5 ac lot Built 1915
Individually Owned 4-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This historic commercial property, located at 218 Main Street in Orchard, Iowa, presents a unique investment opportunity. Situated on a half-acre corner lot, this 1,680 square foot building boasts a spacious open floor plan ideal for a variety of commercial uses. The property includes a full basement, offering additional storage or expansion potential. A recent upgrade includes a new rubber roof, ensuring long-term durability. The building is connected to city water and sewer lines, providing convenient and reliable utilities. The property is being offered "as is," with the sale including certain personal property items. Specifically, the sale includes an LP tank, the existing bar fixtures, a cooler, and all unattached components of the building and business. Please note that certain items are excluded from the sale, including a shed located on the property and any new building materials currently stored on-site. This property's prime Main Street location and substantial square footage make it an attractive option for entrepreneurs seeking a well-established commercial space with significant upside potential. The half-acre lot provides ample space for potential future development or expansion. This is a rare opportunity to acquire a piece of Orchard's history and establish a thriving business. Serious inquiries only.

Property profile

Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Year built 1915
Total area 1,680 SF
Lot 0.5 ac (21,627 SF)
APN 1518226005
UPID US25-2217079

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

218 Main St Orchard, IA 50460
Orchard metro Census 560100
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$60k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$80k

Owner & transaction history

since 2022
Last sale
$18,450
1 recorded transaction
2022
$18,500

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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