Bar/Lounge with Kitchen For
1115/22 1st Ave N/ N 12th St Fort Dodge, IA 50501
For Sale
$295,000
Bar/lounge with kitchen available for purchase.
Property Size1,876 SF
Lot Size0.04 Acres
Price / SF$157.25
Days on Market641
Property Features for 1115/22 1st Ave N/ N 12th St
General Information
Standard status
Active
Size
1,876 SF
Lot size
0.04 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1952
Listing Agency:
Eastwood Realty LLC
(515) 571-2751
Listed By:
Laura Eastwood · License #B43419000
(515) 571-2751
Source:
Exitrealty
Added: Oct 26, 2024
Changed: Jul 6
Last Checked: Jul 28 at 4:39AM
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 Eastwood Realty LLC
Investment Insights
Based on property information with market context.
A bar and lounge with a kitchen is available for sale. The property size is 1876 square feet. This commercial real estate offers possibilities for various business ventures.
Key Highlights
- Bar/Lounge for sale, a great opportunity!
- Includes a Kitchen
- Opportunity to own your dream business
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.0k | $15.48 |
| − Vacancy | −$2.5k | −$1.31 |
| EGI | $26.6k | $14.17 |
| − OpEx | −$6.6k | −$3.54 |
| NOI | $19.9k | $10.63 |
1,876 SF · lease $15.48/SF/yr · vacancy 8.44% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$284.9K
$249.3K – $332.4K
NOI $19,942 @ 7.0% cap · market cap 6.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$338.1K
$295.8K – $394.4K
NOI $23,665 @ 7.0% cap · market cap 8.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Salty Suz — 512 Central Ave, Fort Dodge, IA 50501
- Bootleggers — 1239 S 22nd St, Fort Dodge, IA 50501
- Chesterfield Lounge — 1241 S 22nd St, Fort Dodge, IA 50501
- Fourth Street Depot — 300 S 4th St, Fort Dodge, IA 50501
- Karen's Spirits & Wine Ltd — 328 2nd Ave S, Fort Dodge, IA 50501
Frequently Asked Questions
What type of property is this?
Bar & Pub - Bar/lounge with kitchen available for purchase.
Where is this bar & pub located?
The property is located at 1115/22 1st Ave N/ N 12th St Fort Dodge, IA.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Bar/Lounge for sale, a great opportunity!; Includes a Kitchen; Opportunity to own your dream business
