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Turnkey Bar & Restaurant with Apartments
For Sale
$450,000

111 E Main Street, Hawkeye, IA 52147

Well-established bar and restaurant with a beer garden, remodeled apartments, and included fixtures and equipment.

Property Size8,059 SF
Price / SF$40.40
Days on Market53

Property Features for 111 E Main Street

General Information

Standard status Active
Size 8,059 SF
Property subtype Commercial
Zoning C

Additional Details

Furnished Yes
Business Included Yes
Multifamily Units 3

Taxes and HOA fees

Annual Taxes $1,768

Amenities

beer garden
Tile,Other
City Street
0.3
8059

Building Details

Building Size 8,059 SF
Year Built 1900
Stories 2
Listing Agency: GLD COMMERCIAL
Listed By: Jami Gordon
Source: Pinnaclerealtyia
Added: Jul 21 Changed: Sep 10 Last Checked: Sep 11 at 4:36AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of GLD COMMERCIAL

Investment Insights

Based on property information with market context.

This turn-key bar and restaurant is offered with included fixtures, equipment, furniture, and inventory, allowing a new owner to take over and begin operations. The property also features three remodeled apartments, providing additional income potential. Outdoor space is supported by an impressive beer garden, and the restaurant includes a newly added 1,679 square foot bar/music area.

Located at 111 E Main Street in Hawkeye, IA, the business is positioned as a turnkey opportunity for buyers who want to assume an established operation. The current owner is willing to remain on-board through the transition to help teach the new owners his approach to the business.

The combination of indoor bar and restaurant space, the expanded bar/music area, and the three remodeled apartments creates a multi-use configuration within a single property.

Key Highlights

  • Well‑established bar and restaurant with beer garden
  • NEW 1,679 SF additional bar/music area
  • Three remodeled apartments on‑site for added income

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick Building Supply Electrical Service Auto Repair Shop Furniture & Home Goods Grocery & Convenience Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

44
Businesses Nearby
Well-served
Demand for This Use

Demographics for 52147, IA

947
Population
373
Households
2.5
Avg Household Size
48
Median Age
10%
College-Educated
91%
High-School Grad
68.6 sq mi
ZIP Area
14
Density / Sq Mi
$73,125
Median Household Income
$39,267
Median Earnings
$708
Median Rent
$151,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Well-established bar and restaurant with a beer garden, remodeled apartments, and included fixtures and equipment.
Where is this conventional restaurant located?
The property is located at 111 E Main Street Hawkeye, IA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Well‑established bar and restaurant with beer garden; NEW 1,679 SF additional bar/music area; Three remodeled apartments on‑site for added income
More about this property
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