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Brick Restaurant Building with Equipment
For Sale
$49,999

127 E High Street, Toledo, IA 52342

CommercialSale, Toledo, IA

Property SizeContact for details
Lot Size0.09 Acres
Days on Market85

Property Features for 127 E High Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning Comm
Directions From S County Rd, right on W Hight St, building is on the left
Subdivision Toledo
Standard status Active
APN 14.15.453.020
Lot size 0.09 Acres

Taxes and HOA fees

Tax Description ORIGINAL E25' LOT 6 BLK 5
Tax Annual Amount 874
Legal Description ORIGINAL E25' LOT 6 BLK 5

Building Details

Year built 1888
Building materials Brick, Stone
Roof type Shingle, Wood, Asphalt
Listing Agency: EXIT Realty & Associates
Listed By: Dallas Boerm
Added: Jun 2 Changed: Aug 19 Last Checked: Aug 25 at 4:06PM
MLS# 742104

Copyright © 2026 Des Moines Area Association of REALTORS®, Inc. 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 property at 127 E High Street includes more than 2,600 square feet of building area and restaurant equipment. The structure was built in 1888 with brick and stone construction and a shingle, wood, and asphalt roof. Commercial zoning is identified for the property.

The upper level contains more than 1,100 square feet of space that could be finished for apartment use, subject to applicable approvals. The 0.086-acre parcel provides a compact setting for the existing building in Toledo, Iowa.

Key Highlights

  • More than 2,600 sq ft of building area
  • Restaurant equipment included
  • More than 1,100 sq ft of upper‑level space with apartment conversion potential

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Auto Parts Store Pharmacy Locksmith Grocery & Convenience Store (Bike/Boat/Book/etc) Store 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.

Location Intelligence

Trade Area within ½ mile

155
Businesses Nearby
Under-served
Demand for This Use

Demographics for 52342, IA

3,192
Population
1,390
Households
2.3
Avg Household Size
42
Median Age
20%
College-Educated
93%
High-School Grad
88.7 sq mi
ZIP Area
36
Density / Sq Mi
$62,344
Median Household Income
$36,806
Median Earnings
$954
Median Rent
$136,300
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 - Includes restaurant equipment and unfinished upper-level space.
Where is this conventional restaurant located?
The property is located at 127 E High Street Toledo, IA.
What is the asking price?
The asking price for this property is $49,999.
What are key features of this property?
This property features: More than 2,600 sq ft of building area; Restaurant equipment included; More than 1,100 sq ft of upper‑level space with apartment conversion potential
More about this property
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