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Updated Restaurant with Outdoor Patio
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1113 SECOND AVE, Sheldon, IA 51201

Updated interior includes food-service equipment and space for gatherings and private events.

Property Size5,552 SF
Price / SF$53.85
Days on Market17

Property Features for 1113 SECOND AVE

General Information

Standard status Active
Size 5,552 SF
Total Parking Spaces 50
Property subtype Retail, Hospitality, Special Purpose
Zoning Commercial
Investment Type Owner/User

Restaurant

Seating Capacity 96
Patio Yes
Equipment Included Yes

Additional Details

Furnished Yes

Building Details

Year Built 1973
Year Renovated 2024
Buildings 1
Stories 1
Units 1
Listing Agency: Keller Williams Siouxland
Listed By: Mark Hanson · License #IA S68441000
Source: Crexi
Added: Aug 6 Changed: Aug 14 Last Checked: Aug 21 at 6:29PM

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 Keller Williams Siouxland

Investment Insights

Based on property information with market context.

This 5,552-square-foot restaurant building includes a food-service layout with seating for 96, an outdoor patio, and room for private parties, conferences, meetings, games, and live music. The property was built in 1973 and received major renovations in 2024, including portions of the HVAC system, new flooring, paint, décor, and lighting.

Included restaurant equipment consists of fryers, stoves, a pizza oven, walk-in refrigerator, walk-in freezer, tables, chairs, plates, silverware, glasses, and additional furnishings. Ample parking is available for the property. Commercial zoning is in place, and the existing layout may also be adapted for daycare, office, or retail use.

Key Highlights

  • 5,552 SF restaurant building with seating for 96
  • 2024 renovations included portions of HVAC, flooring, paint, décor, and lighting
  • Outdoor patio added during the 2024 renovation

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Law Firm Building Supply Real Estate Agency HVAC Service Dental Office Pharmacy

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

Location Intelligence

Trade Area within ½ mile

476
Businesses Nearby
Under-served
Demand for This Use

Demographics for 51201, IA

6,408
Population
2,776
Households
2.3
Avg Household Size
38
Median Age
21%
College-Educated
88%
High-School Grad
115.7 sq mi
ZIP Area
55
Density / Sq Mi
$70,592
Median Household Income
$40,182
Median Earnings
$842
Median Rent
$182,500
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Updated interior includes food-service equipment and space for gatherings and private events.
Where is this conventional restaurant located?
The property is located at 1113 SECOND AVE Sheldon, IA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 5,552 SF restaurant building with seating for 96; 2024 renovations included portions of HVAC, flooring, paint, décor, and lighting; Outdoor patio added during the 2024 renovation
(712) 251-0684 Call to check price and availability
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