114 S Prairie St Russell, IA 50238

2,211 SF 0.33 ac lot Built 1940

Individually Owned 11-yr Hold ~ Est. High Equity

Property ID

US25-1550962

$200,000 2,211 SF

114 S Prairie St, Russell, IA 50238
View Listing →

Google Maps

This exceptional commercial property located at 114 S Prairie Street in Russell, IA, presents a unique investment opportunity. The property encompasses a bustling general commercial establishment, "The Last Chance Market," which includes a fully operational restaurant. The market offers a wide variety of goods, from fresh produce to pantry staples, catering to the local community's needs. The on-site restaurant provides additional revenue streams with its appealing lunch menu. This turnkey operation is fully equipped with all necessary commercial-grade appliances, including ovens, fryers, refrigerators, and freezers, ensuring a seamless transition for the new owner. All existing inventory is included in the sale price, allowing for immediate profitability. The property sits on a sizable 0.66-acre lot, offering ample space for potential expansion, outdoor seating, or community gatherings. Recent improvements include a brand-new roof and an updated walk-in freezer, providing peace of mind and minimizing immediate maintenance needs. This established business enjoys a strong local following and presents a rare chance to acquire a profitable, turnkey operation in a charming small town setting. The asking price for this exceptional property is $215,000.