Listing Agency: Coldwell Banker Commercial Mid-America Des Moines b***@gmail.com Show Phone

Listed By: Betsy Haas-Reineck · License #IA

Source: Crexi

Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 3:45PM

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Investment Insights

Based on property information with market context.

This substantial restaurant property includes a bar, convention area, commercial kitchen, dining space, and two separate restrooms. The building retains its operating equipment, including coolers, a walk-in freezer, and stainless steel fixtures. A floor-to-ceiling fireplace and propane heat add distinctive interior features. The property has been used as a restaurant and bar since 2003 and is currently vacant.

Outdoor improvements include a large patio with a new fence and views toward a pond and surrounding land. A separate 3-bedroom farmhouse is also included. The existing configuration and equipment support continued restaurant or bar operations, while the convention area provides additional functional space for gatherings or other business uses.

Key Highlights

• Restaurant and bar building with convention area, kitchen, dining space, and two separate restrooms
• Commercial equipment remains, including coolers, walk‑in freezer, and stainless steel fixtures
• Restaurant and bar use established since 2003; property is currently vacant

Property Analytics

Property Profile

Current Use

Conventional restaurants

Location Intelligence

Trade Area within ½ mile

1

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 50151, IA

679

Population

334

Households

2

Avg Household Size

46

Median Age

15%

College-Educated

96%

High-School Grad

79.1 sq mi

ZIP Area

9

Density / Sq Mi

$87,548

Median Household Income

$42,330

Median Earnings

$1,703

Median Rent

$142,700

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Existing kitchen, dining, bar, and convention facilities remain in place for a range of commercial uses.

Where is this conventional restaurant located?

The property is located at 11877 550th Street Lucas, IA.

What are key features of this property?

This property features: Restaurant and bar building with convention area, kitchen, dining space, and two separate restrooms; Commercial equipment remains, including coolers, walk‑in freezer, and stainless steel fixtures; Restaurant and bar use established since 2003; property is currently vacant