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Bar & Grill Restaurant with Commercial Kitchen
For Sale
$119,000

123 E Traer Street, Greene, IA 50636

Commercial Sale, Greene, IA

Property SizeContact for details
Lot Size0.12 Acres
Days on Market59

Property Features for 123 E Traer Street

General Information

Property type Commercial Sale
Property subtype Office
Zoning commercial
Subdivision TJ's Bar and Grill
Lot features Near Recreation
Directions at the stop sign turn left onto Traer St and it is on the north side of the
Standard status Active
APN 0201334023
Lot size 0.12 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description GREENE GR-ORIGINAL TOWNLOT B & C (A SUB-DIV OF LOTS 9-10-11 & 12 BLK 12)
Tax Annual Amount 1160
Legal Description GREENE GR-ORIGINAL TOWNLOT B & C (A SUB-DIV OF LOTS 9-10-11 & 12 BLK 12)

Utilities

Utilities Water Available
Sewer type Public Sewer
Heating system Forced Air
Cooling system Central Air

Building Details

Year built 1890
Flooring type Tile, Wood
Roof type Composition
Listing Agency: Century 21 Signature Real Estate-Waverly · Century 21 Real Estate
Listed By: Mandy Heinemann
Added: Jun 27 Changed: Aug 19 Last Checked: Aug 24 at 1:06AM
MLS# 20262924

Copyright © 2026 Northeast 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 bar and grill restaurant includes a cozy dining area, a full-service bar, and a commercial kitchen. The commercial kitchen features a newer grill, vent hood, and sprinkler system. A separate room provides additional seating for private parties or bands.

The property sits on a 0.124-acre lot and includes tile and wood flooring. Heating is provided by forced air, and cooling is central air. The roof is composition, and utilities include water available with public sewer.

Zoned commercial, the building was constructed in 1890.

Key Highlights

  • 0.124‑acre lot
  • Full‑service bar and dining area
  • Commercial kitchen with newer grill, vent hood, and sprinkler system

Property Analytics

Current Use

TJ's Bar & Grill Bar & Pub

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Building Supply Storage Facility Restaurant Pharmacy

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
Yes
Sprinkler system
Yes
Commercial hood

Location Intelligence

Trade Area within ½ mile

129
Businesses Nearby
1k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Shops & Services 100%
Lincoln Savings Bank Shops & Services
1,050 visits/mo 0.1 miles

Demographics for 50636, IA

1,783
Population
1,016
Households
1.8
Avg Household Size
48
Median Age
23%
College-Educated
96%
High-School Grad
116.5 sq mi
ZIP Area
15
Density / Sq Mi
$66,181
Median Household Income
$36,559
Median Earnings
$898
Median Rent
$150,000
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 - Small-town bar and grill with a full-service bar and commercial kitchen, including a newer grill, vent hood, and sprinkler system.
Where is this conventional restaurant located?
The property is located at 123 E Traer Street Greene, IA.
What is the asking price?
The asking price for this property is $119,000.
What are key features of this property?
This property features: 0.124‑acre lot; Full‑service bar and dining area; Commercial kitchen with newer grill, vent hood, and sprinkler system
More about this property
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