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    909 State St Grinnell, IA 50112

    For Sale
    $750,000

    Profitable Turnkey Business, Great Location

    Property size:
    10,114 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional Grinnell, IA property presents a unique investment opportunity encompassing a thriving family restaurant and a bustling bar, all within a single, spacious 10,114 square foot building situated on a 0.28-acre lot at 909 State Street. The restaurant, currently operating under a lease agreement, generates consistent income with its diverse menu and ample seating capacity. The kitchen is generously sized and well-equipped to handle the demands of a busy establishment. Both the restaurant and bar boast a distinctive rustic dГ©cor, creating a welcoming and inviting atmosphere. The bar area features extensive seating, including unique spool tables, and offers a variety of entertainment options such as TVs, gaming machines, darts, a piano, and pool tables, along with a jukebox. A full kitchen within the bar area allows for the convenient service of sandwiches and appetizers. A significant 36.4 x 84.6 foot storage area provides ample space for expansion or inventory. The seller is offering a compelling incentive of $40,000 in working capital to a qualified buyer at closing. This turnkey operation presents a rare chance to acquire a well-established and profitable business with significant income potential. The asking price is $750,000. This is a truly exceptional opportunity for a savvy investor seeking a high-return venture in a vibrant community.

    Property Features for 909 State St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    10,114 SF
    Lot Size
    12,197 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Grinnell
    County
    Poweshiek
    State
    Iowa
    Longitude
    -92.72121
    Latitude
    41.74358

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    FAQs

    What type of property is this?
    Commercial real estate - Profitable Turnkey Business, Great Location
    Where is this commercial real estate located?
    The property is located at 909 State St Grinnell, IA.
    What is the asking price?
    The asking price for this property is $750,000.
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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
    909 State St Grinnell, IA 50112
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