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Bar and Restaurant with Outdoor Bar
For Sale
$575,000

909 State Street, Grinnell, IA 50112

A single-level hospitality property combines dining and bar areas with outdoor seating and entertainment features.

Property Size10,114 SF
Price / SF$56.85
Days on Market1937

Property Features for 909 State Street

General Information

Standard status Active
Size 10,114 SF
Property subtype Commercial

Additional Details

Patio Yes
Currently Operating Yes

Taxes and HOA fees

Annual Taxes $5,650

Amenities

TV's
gaming machines
darts
piano
pool tables
juke box

Building Details

Building Size 10,114 SF
Year Built 1900
Units 2
Listing Agency: Grinnell Realty LLC
Listed By: Robin Marcinik · License #B41370000
Source: Davisandpalmer
Added: Jul 7, 2021 Changed: Oct 24 Last Checked: Oct 23 at 3:47PM

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 Grinnell Realty LLC

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Investment Insights

Based on property information with market context.

This 10,114-square-foot bar and restaurant in Grinnell has a single-level layout with separate dining and bar areas. The restaurant includes substantial seating and a large kitchen; the bar also has a kitchen serving sandwiches and appetizers. Rustic finishes and display elements carry through the interior, while an outdoor bar provides additional seating for gatherings.

Entertainment features include televisions, gaming machines, darts, piano, pool tables, and a jukebox. A separate storage area measuring 36.4 x 84.6 is also part of the property.

Key Highlights

  • 10,114‑square‑foot bar and restaurant property
  • Single‑level layout with dining and bar areas
  • Restaurant and bar each have a kitchen

Property Analytics

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Current Use

Bars & Pubs

Suggested Use

Top Pick Real Estate Agency Pharmacy Law Firm Hair Salon HVAC Service Skin Care Clinic

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

658
Businesses Nearby
74k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Dining 42% Shops & Services 38% Groceries 16% Home Improvements & Furnishings 4%
McDonald's Dining
16,308 visits/mo 0.5 miles
Fareway Groceries
11,584 visits/mo 0.5 miles
Kum & Go Shops & Services
10,654 visits/mo 0.4 miles
Taco John's Dining
8,582 visits/mo 0.4 miles
Casey's General Store Shops & Services
7,915 visits/mo 0.5 miles

Demographics for 50112, IA

11,849
Population
5,018
Households
2.4
Avg Household Size
38
Median Age
38%
College-Educated
96%
High-School Grad
182.2 sq mi
ZIP Area
65
Density / Sq Mi
$64,707
Median Household Income
$34,301
Median Earnings
$863
Median Rent
$198,100
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

Similar Off Market Nearby

  • Grinnell Craft Brewhouse — 923 Main St, Grinnell, IA 50112
  • Canary Underground Speakeasy — lower level, 924 Main St, Grinnell, IA 50112
  • Hometown Heroes — 908 Main St, Grinnell, IA 50112
  • Solera — 829 Broad St, Grinnell, IA 50112
  • Rabbitt's Tavern — 721 4th Ave, Grinnell, IA 50112

Frequently Asked Questions

What type of property is this?
Bar & Pub - A single-level hospitality property combines dining and bar areas with outdoor seating and entertainment features.
Where is this bar & pub located?
The property is located at 909 State Street Grinnell, IA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 10,114‑square‑foot bar and restaurant property; Single‑level layout with dining and bar areas; Restaurant and bar each have a kitchen
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