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Historic Restaurant with Wine Cellar
New
For Sale
$595,000

203 5th St, Kalona, IA 52247

Multi-level dining property with distinctive historic details, private event atmosphere, and outdoor seating in downtown Kalona.

Property Size4,900 SF
Price / SF$121.43
Days on Market5

Property Features for 203 5th St

General Information

Standard status Active
Size 4,900 SF
Property subtype Commercial
Zoning C-3

Additional Details

Business Included Yes
Patio Yes

Taxes and HOA fees

Annual Taxes $7,376

Amenities

fireplace
wine cellar
Carpet,Wood
Irregular
0.09
CountyRoad,Paved

Building Details

Year Built 1900
Listing Agency: Fischels Commercial Group
Listed By: Tatiana McClinton
Source: Pinnaclerealtyia
Added: Sep 18 Changed: Sep 21 Last Checked: Sep 21 at 4:51AM

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 Fischels Commercial Group

Investment Insights

Based on property information with market context.

Built in 1900, this multi-level restaurant property combines historic character with an established dining operation. Original elements include wood flooring, exposed brick, high ceilings, large windows, and a prominent staircase. The main level accommodates 56 guests across a bistro with a walnut bar and a separate dining room, while the upper level offers a 25-seat lounge and dining setting with its own bar and fireplace.

Outdoor seating accommodates 50 guests and can support seasonal dining or live music. A dedicated wine cellar holds up to 1,000 bottles. The property is located in downtown Kalona at 203 5th Street and has housed an established restaurant business operating for more than 20 years. Recognition includes a Press-Citizen Best Fine Dining award and four Wine Spectator Magazine awards.

Key Highlights

  • 1900‑built restaurant property at 203 5th Street in downtown Kalona
  • Main level seats 56 and includes a bistro, walnut bar, and separate dining room
  • Upper‑level dining and lounge area accommodates 25 guests

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency Hair Salon HVAC Service Parking Lot & Garage Nail Salon Kitchen & Bath Showroom

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

Location Intelligence

Trade Area within ½ mile

333
Businesses Nearby
18k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 94% Home Improvements & Furnishings 6%
Casey's General Store Shops & Services
10,092 visits/mo 0.2 miles
BP Shops & Services
6,080 visits/mo 0.5 miles
Napa Auto Parts Shops & Services
1,244 visits/mo 0.2 miles
Yotty's Ace Discount Home Improvements & Furnishings
1,065 visits/mo 0.0 miles

Demographics for 52247, IA

5,976
Population
2,047
Households
2.9
Avg Household Size
38
Median Age
33%
College-Educated
86%
High-School Grad
80.7 sq mi
ZIP Area
74
Density / Sq Mi
$82,140
Median Household Income
$40,165
Median Earnings
$806
Median Rent
$257,400
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
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Multi-level dining property with distinctive historic details, private event atmosphere, and outdoor seating in downtown Kalona.
Where is this conventional restaurant located?
The property is located at 203 5th St Kalona, IA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 1900‑built restaurant property at 203 5th Street in downtown Kalona; Main level seats 56 and includes a bistro, walnut bar, and separate dining room; Upper‑level dining and lounge area accommodates 25 guests
More about this property
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