Conventional Restaurant with
For Sale
$299,000
1113 S 2nd Ave, Sheldon, IA 51201
Commercial, Sheldon, IA
Property SizeContact for details
Lot Size0.92 Acres
Days on Market52
Property Features for 1113 S 2nd Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Directions
1.2 miles north of Hwy 60, Exit 31 on McKinley Ave., Sheldon, IA
Subdivision
Other Default
Standard status
Active
APN
0030910000
Lot size
0.92 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ORIGINAL TOWN COMM SW COR BLK 6, N 135.7', E 217.65', SE 82.26', S 127.3', W 299.45' TO PT BEG BLK 6
Tax Annual Amount
7324
Legal Description
ORIGINAL TOWN COMM SW COR BLK 6, N 135.7', E 217.65', SE 82.26', S 127.3', W 299.45' TO PT BEG BLK 6
Building Details
Year built
1973
Listing Agency:
Keller Williams Siouxland · Keller Williams Realty
(712) 226-1900
Listed By:
Mark Hanson · License #S68441000
(712) 251-0684
Added: Aug 5
Changed: Sep 16
Last Checked: Sep 25 at 1:06PM
MLS# 834119
Copyright © 2026 Northwest Iowa Regional Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This conventional restaurant property offers more than 5,000 square feet of commercial space with seating for 96 guests and room for private parties, conferences, meetings, games, live music, and other gatherings. An outdoor patio extends the usable event area, while the interior includes updated flooring, paint, décor, lighting, and portions of the HVAC system from renovations completed in 2024.
The property occupies 0.92 acres in Sheldon, Iowa, with commercial zoning and parking available for visitors. Built in 1973, the building provides a flexible setting centered on restaurant operations and hosted events, with an interior layout that can accommodate multiple functions.
The property occupies 0.92 acres in Sheldon, Iowa, with commercial zoning and parking available for visitors. Built in 1973, the building provides a flexible setting centered on restaurant operations and hosted events, with an interior layout that can accommodate multiple functions.
Key Highlights
- More than 5,000 square feet of updated restaurant space
- Seating for 96 guests with room for games, live music, meetings, and private events
- 2024 renovations included flooring, paint, décor, lighting, and some updated HVAC
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
476
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Renovated commercial space accommodates dining, gatherings, meetings, private parties, and other hosted events.
Where is this conventional restaurant located?
The property is located at 1113 S 2nd 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: More than 5,000 square feet of updated restaurant space; Seating for 96 guests with room for games, live music, meetings, and private events; 2024 renovations included flooring, paint, décor, lighting, and some updated HVAC
