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    5955 Merle Hay Rd Johnston, IA 50131

    For Lease
    $15 SF/Yr ($5,546 /Mo)

    Second generation restaurant space with existing kitchen equipment.

    Property size:
    4,437 SF
    Lot size:
    0.67 Acres

    Property Features for 5955 Merle Hay Rd

    General Information

    Size
    4,437 SF
    Lot size
    0.67 Acres

    Source: Denny Elwell Company Agent Carson Hughes

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

    Overview

    Restaurant Space Available For Rent

    This is a second-generation restaurant space available for rent, offering 4,437 square feet. The space includes a hood, sinks, and other kitchen equipment already in place. The location benefits from a traffic volume of 18,400 vehicles per day.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Turn key restaurants

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Daycare Center

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

    Similar Places Nearby

    Hy-Vee Catering

    Location Insight

    • Map
    • Local Demand
    City
    Johnston
    County
    Polk
    State
    Iowa
    Longitude
    -93.6971637
    Latitude
    41.6686506

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    FAQs

    What type of property is this?
    Restaurant - Second generation restaurant space with existing kitchen equipment.
    Where is this restaurant located?
    The property is located at 5955 Merle Hay Rd Johnston, IA.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: - Existing restaurant infrastructure (hood, sinks, kitchen equipment); - Second generation restaurant space; - **4,437 SF space**
    (515) 964-1587
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    5955 Merle Hay Rd Johnston, IA 50131
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    Johnston, IA 50131
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    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
    5955 Merle Hay Rd Johnston, IA 50131
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