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    3689 Highway 218 Osage, IA 50461

    For Sale
    $320,000

    Established Bowling Alley & Restaurant

    Property size:
    10,960 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional retail opportunity in Osage, IA, presents a well-established bowling alley and restaurant/bar combination situated on a 0.87-acre lot at 3689 Highway 218. The 10,960 square foot building boasts eight bowling lanes equipped with computerized scoring, enhancing the entertainment experience. A dedicated locker room and two bathrooms cater to bowlers' needs. Beyond the lanes, an entertainment area provides ample space for socializing, featuring tables, chairs, a pool table, and arcade games. The integrated restaurant/lounge offers a comfortable setting for dining and socializing, perfect for catching a game or enjoying casual gatherings. Adding to the property's income potential is a three-bedroom apartment (with potential for a fourth bedroom) located on the second level. This apartment features updated flooring, kitchen, and bathroom, providing an ideal living space for the owner or a valuable rental unit. The asking price of $320,000 includes all real estate, equipment, fixtures, and trade names. The current owners offer invaluable support, providing assistance with established bowling leagues during the initial season and comprehensive training on equipment operation, ensuring a smooth transition for new ownership. This turnkey operation presents a unique opportunity to acquire a profitable and well-regarded business in a desirable location.

    Property Features for 3689 Highway 218

    General Information

    Property type
    Retail properties
    Square Feet
    10,960 SF
    Lot Size
    37,897 SF

    Building Details

    Year Built
    1956
    Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Osage
    County
    Mitchell
    State
    Iowa
    Longitude
    -92.81219
    Latitude
    43.29712

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    FAQs

    What type of property is this?
    Retail property - Established Bowling Alley & Restaurant
    Where is this retail property located?
    The property is located at 3689 Highway 218 Osage, IA.
    What is the asking price?
    The asking price for this property is $320,000.
    (641) 732-5790
    Request Owner's contact information
    3689 Highway 218 Osage, IA 50461
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    Osage, IA 50461
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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

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    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
    3689 Highway 218 Osage, IA 50461
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