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Restaurant Building with Equipment
For Sale
$250,000

119 E Main Street, Cherokee, IA 51012

COMMERCIAL - Cherokee, IA

Property SizeContact for details
Lot Size0.11 Acres
Days on Market387

Property Features for 119 E Main Street

General Information

Property type Commercial Sale
Property subtype Other
Subdivision Surrounding Areas/Other Areas
Standard status Active
APN 0734209009
Lot size 0.11 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description W 1/2 Lot 2 and E 1/2 Lot 3, Block 14, Lebourveau's Add. Cherokee Inc,, 034-092-040
Tax Annual Amount 3612
Legal Description W 1/2 Lot 2 and E 1/2 Lot 3, Block 14, Lebourveau's Add. Cherokee Inc,, 034-092-040

Utilities

Heating system Forced Air
Cooling system Central Air

Building Details

Year built 1974
Listing Agency: Gustafson Realty
Listed By: Charles Gustafson · License #B23378
Added: Jul 19, 2025 Changed: Aug 5 Last Checked: Aug 9 at 10:06PM
MLS# 829581

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 property includes the building, equipment, and furnishings, providing an existing setup for continued restaurant operations. The structure was built in 1974 and sits on a 0.11-acre parcel.

Located at 119 E Main Street in Cherokee, Iowa, the property is served by forced-air heating and central air conditioning. Equipment and furnishings are included in the sale.

Key Highlights

  • Equipment and furnishings included with the sale
  • 0.11‑acre parcel
  • Built in 1974

Property Analytics

Current Use

The Pub Bar & Grill Catering Service

Suggested Use

Top Pick Dental Office Bakery Plumbing Service HVAC Service Skin Care Clinic Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

169
Businesses Nearby
Balanced
Demand for This Use

Demographics for 51012, IA

6,592
Population
2,889
Households
2.3
Avg Household Size
46
Median Age
20%
College-Educated
93%
High-School Grad
147.7 sq mi
ZIP Area
45
Density / Sq Mi
$56,964
Median Household Income
$33,141
Median Earnings
$725
Median Rent
$127,900
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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Existing furnishings and equipment convey with the property.
Where is this conventional restaurant located?
The property is located at 119 E Main Street Cherokee, IA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Equipment and furnishings included with the sale; 0.11‑acre parcel; Built in 1974
More about this property
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