Building Details

Building Size 3,809 SF

Year Built 1947

Units 1

Listing Agency: Arrowhead Realty Company LLC l**@arrowrealtor.com Show Phone

Listed By: Leanne Haynes · License #B71884000 Show Phone

Source: Sweeneyrealestate

Added: Mar 10 Changed: Aug 29 Last Checked: Aug 30 at 5:38PM

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Investment Insights

Based on property information with market context.

The Redwood Steak House is an operating restaurant in Anita, Iowa, with 3,809 square feet of improvements built in 1947. The layout includes a full commercial kitchen, dining room, banquet room, bar, and parking lot. The banquet area adds seating capacity for private functions and group dining.

Located just off I-80, the property has operated for 56 years and serves as an established restaurant business in the local community. Existing restaurant infrastructure and multiple customer areas support continued food-service operations, including regular dining and special events.

Key Highlights

• 3,809‑square‑foot restaurant building constructed in 1947
• Full commercial kitchen with dining room, banquet room, and bar
• Operating restaurant with 56 years of history

Property Analytics

Property Profile

Current Use

Conventional restaurants

Suggested Use

Top Pick Storage Facility Building Supply Grocery & Convenience Store Auto Repair Shop Carpet & Flooring Store 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

Highway access

Location Intelligence

Trade Area within ½ mile

59

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 50020, IA

1,375

Population

618

Households

2.2

Avg Household Size

47

Median Age

16%

College-Educated

94%

High-School Grad

96.3 sq mi

ZIP Area

14

Density / Sq Mi

$67,125

Median Household Income

$42,530

Median Earnings

$681

Median Rent

$121,400

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

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Established dining property includes a commercial kitchen, bar, and large parking lot.

Where is this conventional restaurant located?

The property is located at 1807 White Pole Road Anita, IA.

What is the asking price?

The asking price for this property is $399,000.

What are key features of this property?

This property features: 3,809‑square‑foot restaurant building constructed in 1947; Full commercial kitchen with dining room, banquet room, and bar; Operating restaurant with 56 years of history