116-118 W 2nd, Schaller, IA 51503

Building Details

Year built

1920

Listing agent Steven Brashears License #S58624 Show Phone

Listing office Compass Real Estate of NW IA 222 W Milwaukee Ave, Storm Lake, IA Show Phone

Listing date Jul 6, 2026

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MLS# 833673

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.

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Overview

This for-sale hospitality property includes the furniture, fixtures, equipment, and inventory, supporting a turnkey transition for the next operator. The offering covers the indoor restaurant and bar space with established restaurant/bar infrastructure, plus an outdoor seating and beer garden area. The bar interior features dark, moody finishes along with exposed brick and plaster detailing, complemented by a spacious layout designed around the bar as a focal gathering point.

The property is located at 116-118 W 2nd in Schaller, Iowa. The sale also includes parcel #810442610035, which is currently used as the outdoor seating and beer garden area.

For a buyer looking to continue a restaurant and bar concept, the included operating components can reduce initial setup time. Those considering a reimagined concept may also find value in the existing built-out hospitality layout, established infrastructure, and the outdoor beer garden space that extends the guest experience during warmer months.

Suggested Use

Storage Facility (Bike/Boat/Book/etc) Store Big Box & Wholesale Store Bar & Pub (Bike/Boat/Book/etc) Store Building Supply Plumbing Service Restaurant Law Firm Hotel & Motel

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

Location Insight

• Map
• Local Demand

City

Schaller

County

Sac

State

Iowa

Longitude

-95.2945355

Latitude

42.4997634

FAQs

What type of property is this?

Conventional restaurant - Turnkey restaurant and bar for sale with included FF&E, inventory, and an attached outdoor beer garden area.

Where is this conventional restaurant located?

The property is located at 116-118 W 2nd Schaller, IA.

What is the asking price?

The asking price for this property is $150,000.

What are key features of this property?

This property features: Built in 1920 commercial property in Schaller, Iowa, formerly home to the Tipsy Goat restaurant, bar, and beer garden; Sale includes furniture, fixtures, equipment, and inventory for the restaurant/bar; Parcel #810442610035 included, used as outdoor seating and beer garden area