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Restaurant and Bar with Patio
For Sale
$1,150,000

1215 Plaza Drive, Carroll, IA 51401

Established food-and-beverage property with flexible event space and multiple outdoor amenities.

Property Size7,440 SF
Lot Size1.50 Acres
Price / SF$154.57
Days on Market325

Property Features for 1215 Plaza Drive

General Information

Standard status Active
Size 7,440 SF
Lot size 1.50 Acres
Property subtype Commercial

Additional Details

Business Included Yes
Patio Yes

Taxes and HOA fees

Annual Taxes $16,136

Amenities

sand volleyball court
outdoor event space

Building Details

Building Size 7,440 SF
Year Built 1990
Units 1
Listing Agency: Kanne Realty & Associates
Listed By: Nick Kanne · License #***
Source: Sweeneyrealestate
Added: Oct 10, 2025 Changed: Aug 29 Last Checked: Aug 29 at 1:45PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kanne Realty & Associates

Investment Insights

Based on property information with market context.

The Piranha Club Bar & Grill is an established restaurant and bar property that has operated for over 25 years. The facility includes a full grill and fryer menu, homemade pizza service, and an open interior layout providing sightlines from the front to the back. A portion of the space can be separated for private events.

Outdoor features include a covered patio, sand volleyball area, and additional open space previously used for concerts and car shows. The property encompasses nearly 1.5 acres at 1215 Plaza Drive in Carroll, Iowa, with additional land available. Constructed in 1990, the property combines an operating food-and-beverage venue with event-oriented interior and exterior areas.

Key Highlights

  • Restaurant and bar operating for over 25 years
  • Nearly 1.5 acres at 1215 Plaza Drive, Carroll, IA 51401
  • Open interior layout with an area that can be separated for private events

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon

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

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

184
Businesses Nearby
Balanced
Demand for This Use

Demographics for 51401, IA

12,248
Population
5,576
Households
2.2
Avg Household Size
43
Median Age
26%
College-Educated
95%
High-School Grad
168.6 sq mi
ZIP Area
73
Density / Sq Mi
$64,458
Median Household Income
$45,938
Median Earnings
$720
Median Rent
$192,100
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
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Established food-and-beverage property with flexible event space and multiple outdoor amenities.
Where is this conventional restaurant located?
The property is located at 1215 Plaza Drive Carroll, IA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Restaurant and bar operating for over 25 years; Nearly 1.5 acres at 1215 Plaza Drive, Carroll, IA 51401; Open interior layout with an area that can be separated for private events
More about this property
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