Building Details

Year built 1900

Flooring type Carpet, Wood

Building materials Brick, Frame

Listing Agency: Lepic-Kroeger, REALTORS R***@LepicKroeger.com Show Phone

Listed By: Jeff Edberg · License #B33730000 Show Phone

Added: Sep 15 Changed: Sep 16 Last Checked: Sep 18 at 9:06AM

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MLS# 202605585

Copyright © 2026 Iowa City Area Association of REALTORS®. 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.

Dating to 1900, this brick-and-frame restaurant property retains wood flooring, exposed brick, tall ceilings, large windows, and a prominent interior staircase. The main level includes a Bistro with wooden booths and a custom walnut bar, along with a separate dining room. Upstairs, the Top of the Moon provides an additional lounge and bar setting with a fireplace. A patio extends the dining area outdoors, while a custom wine cellar provides bottle storage. Heating includes natural gas and forced air; cooling is provided by window units and central air. The property is zoned C-3 and located at 203 5th St in downtown Kalona, Iowa.

Key Highlights

• Main floor seats 56 and includes a Bistro, walnut bar, and separate dining room
• Upstairs dining and lounge area seats 25 and includes a bar and fireplace
• Patio accommodates 50 guests and supports outdoor dining and live music

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.

Location Intelligence

Trade Area within ½ mile

333

Businesses Nearby

18k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

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

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 restaurant property with dining rooms, bar areas, wine storage, 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: Main floor seats 56 and includes a Bistro, walnut bar, and separate dining room; Upstairs dining and lounge area seats 25 and includes a bar and fireplace; Patio accommodates 50 guests and supports outdoor dining and live music