Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    314 N Main St Marcus, IA 51035

    For Sale
    $325,000

    Established restaurant and lounge with real estate in prime location.

    Property size:
    10,000 SF

    Property Features for 314 N Main St

    General Information

    Size
    10,000 SF

    Building Details

    Year built
    1920

    Source: Lawrence Jensen Agent Lawrence Jensen

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Restaurant & Lounge Opportunity

    This is an opportunity to acquire a successful restaurant and lounge that has been a community staple for 20 years. Located on Main Street in a small town, the business serves as a downtown anchor. The restaurant is known as a prime option for dining and socializing, attracting both local and out-of-town patrons. The establishment provides a welcoming environment, blending a family-friendly atmosphere with a downtown bar vibe. The menu features traditional American fare and classic pub food. The space can accommodate up to 150 guests, making it suitable for everyday dining, special events, and group gatherings. The premises are well-maintained. The sale includes the real estate. The building also features two large upstairs apartments that could be renovated and leased for additional cash flow. The property is located in the Central Business District of Marcus, IA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Old Panhead Restaurant ... Bar & Grill

    Suggested Use

    Restaurant Law Firm Building Supply Wholesale Shop Hair Salon Auto Repair Shop Auto Parts Store Skin Care Clinic Department Store Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Marcus
    County
    Cherokee
    State
    Iowa
    Longitude
    -95.8078489
    Latitude
    42.8251803

    Nearby Similar for Sale

    • $145,000
      0.06 Acres

      Established Business in Marcus, IA

      Turn-key business opportunity with recent upgrades and included equipment.
      404 N Main St, Marcus, IA 51035
      View Details

    FAQs

    What type of property is this?
    Restaurant - Established restaurant and lounge with real estate in prime location.
    Where is this restaurant located?
    The property is located at 314 N Main St Marcus, IA.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: - Real estate included, a sound long-term investment.; - **Prime Main Street location** in the central business district.; - Established, successful restaurant and lounge with 20 years in business.
    (712) 898-8206
    Request Owner's contact information
    314 N Main St Marcus, IA 51035
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    314 N Main St
    Marcus, IA 51035
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    314 N Main St Marcus, IA 51035
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.