Building Details

Year Built 1961

Listing Agency: Rubey Realty Show Phone

Listed By: Sheryl L Wederquist · License #*** Show Phone

Source: Exitrealty

Added: Sep 2, 2022 Changed: Sep 5 Last Checked: Sep 15 at 5:20AM

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Investment Insights

Based on property information with market context.

The China Gate Express, located at 1011 N Broadway, presents an opportunity for new ownership. This established restaurant is situated on the main street in Red Oak. The property size is 1495 square feet. This is an operating business and is being sold as such.

Key Highlights

• Well‑established business ready for new ownership
• Excellent business opportunity
• Located on busy main street in Red Oak

Property Analytics

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Current Use

China Gate Express Restaurant

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Law Firm Barber Shop Cafe & Coffee Shop Storage Facility

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

427

Businesses Nearby

79k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 38% Shops & Services 29% Groceries 26% Home Improvements & Furnishings 4%

Hy-Vee Groceries

13,267 visits/mo 0.5 miles

McDonald's Dining

11,026 visits/mo 0.3 miles

Casey's General Store Shops & Services

8,673 visits/mo 0.2 miles

Fareway Groceries

7,457 visits/mo 0.1 miles

Dollar Tree Shops & Services

6,247 visits/mo 0.2 miles

Demographics for 51566, IA

6,772

Population

3,435

Households

2

Avg Household Size

44

Median Age

19%

College-Educated

91%

High-School Grad

176.4 sq mi

ZIP Area

38

Density / Sq Mi

$58,264

Median Household Income

$40,632

Median Earnings

$783

Median Rent

$116,200

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this conventional restaurants located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Well-established restaurant business opportunity on a busy main street.

Where is this conventional restaurant located?

The property is located at 1011 N Broadway N Street Red Oak, IA.

What is the asking price?

The asking price for this property is $85,000.

What are key features of this property?

This property features: Well‑established business ready for new ownership; Excellent business opportunity; Located on busy main street in Red Oak