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Restaurant and Bar with Event Space
For Sale
$1,150,000

1215 Plaza Drive, Carroll, IA 51401

Commercial Sale, Carroll, IA

Property SizeContact for details
Lot Size2.50 Acres
Days on Market354

Property Features for 1215 Plaza Drive

General Information

Property type Commercial Sale
Property subtype Other
Subdivision BELLA VISTA FIRST ADD
Directions Located along HWY 30 E in Carroll
Standard status Active
APN 0719456024
Lot size 2.50 Acres

Taxes and HOA fees

Tax Year 2021
Tax Description BELLA VISTA FIRST ADD BLOCK 6 LOTS 8, 9, 17 & 18
Tax Annual Amount 16136
Legal Description BELLA VISTA FIRST ADD BLOCK 6 LOTS 8, 9, 17 & 18

Utilities

Heating system Forced Air
Cooling system Central Air
Water source Public

Amenities

private event space
sand volleyball
outdoor event space

Building Details

Year built 1990
Number of units 1
Building materials Wood Siding
Roof type Shingle
Architectural style Other
Listing Agency: Kanne Realty & Associates
Listed By: Nick Kanne · License #***
Added: Oct 10, 2025 Changed: Sep 7 Last Checked: Sep 28 at 1:06AM
MLS# 6314900

Copyright © 2026 NoCoast MLS. 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 and bar property includes a full grill and fryer operation, homemade pizza service, and an interior layout that provides sightlines from the front to the rear. A portion of the space can be separated for private events. Outdoor improvements include a covered patio, sand volleyball area, and additional open space used for concerts and car shows.

The business has operated for more than 25 years at 1215 Plaza Drive in Carroll, Iowa. The property includes a wood-sided building constructed in 1990, with forced-air heat, central air, public water, and a shingle roof. Additional land is available, providing further property area associated with the offering.

Key Highlights

  • Restaurant and bar operating for more than 25 years
  • Full grill and fryer operation with homemade pizza service
  • Interior can be divided to accommodate private events

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency Restaurant Dental Office Spa & Massage Center Hair Salon Furniture & Home Goods

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 - Established food-and-beverage business with a covered patio, flexible interior layout, and outdoor recreation 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 more than 25 years; Full grill and fryer operation with homemade pizza service; Interior can be divided to accommodate private events
More about this property
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