Updated Restaurant with Outdoor
New
For Sale
$299,000
1113 S 2nd Ave, Sheldon, IA 51201
COMMERCIAL - Sheldon, IA
Property SizeContact for details
Lot Size0.92 Acres
Days on Market4
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: Aug 8
Last Checked: Aug 8 at 12:06PM
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 restaurant occupies over 5,000 square feet on a 0.92-acre property and includes seating for 96 guests. The layout also accommodates games, live music, private functions, conferences, and meetings, giving the space multiple established event configurations. An outdoor patio extends the usable area.
Renovations completed in 2024 included portions of the HVAC system, new flooring, interior paint, updated lighting, and décor improvements. The property was built in 1973 and carries Commercial zoning. Ample parking is available for restaurant operations and larger gatherings. The existing improvements support continued restaurant use while providing a flexible layout for varied event programming.
Renovations completed in 2024 included portions of the HVAC system, new flooring, interior paint, updated lighting, and décor improvements. The property was built in 1973 and carries Commercial zoning. Ample parking is available for restaurant operations and larger gatherings. The existing improvements support continued restaurant use while providing a flexible layout for varied event programming.
Key Highlights
- Over 5,000 square feet of restaurant space on a 0.92‑acre property
- Seating for 96 guests with additional areas for games and events
- Outdoor patio added during 2024 renovations
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Commercially zoned restaurant with flexible event areas and an added outdoor patio.
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: Over 5,000 square feet of restaurant space on a 0.92‑acre property; Seating for 96 guests with additional areas for games and events; Outdoor patio added during 2024 renovations
