Restaurant Building with
For Sale
$595,000
203 5th St, Kalona, IA 52247
Commercial Sale, Kalona, IA
Property SizeContact for details
Lot Size0.09 Acres
Days on Market49
Property Features for 203 5th St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-3
Directions
Hwy 1 into Kalona, east on Hwy 22, right on 5th Street, building is on your right
Subdivision
SW Quadrant
Standard status
Active
APN
0307383021
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7376
Utilities
Utilities
Cable Available
Heating system
Natural Gas, Forced Air
Cooling system
Window Unit(s), Central Air
Amenities
wine cellar
fireplace
Building Details
Year built
1900
Flooring type
Wood, Carpet
Building materials
Brick, Frame
Listing Agency:
Lepic-Kroeger, REALTORS
(319) 351-8811
Listed By:
Jeff Edberg · License #B33730000
(319) 331-6187
Added: Sep 15
Changed: Oct 19
Last Checked: Nov 2 at 8:06PM
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.
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Investment Insights
Based on property information with market context.
Built in 1900, this brick-and-frame restaurant property retains wood floors, exposed brick, and high ceilings. The main floor accommodates a bistro with wooden booths and a custom walnut bar, alongside a separate dining room. Upstairs, a lounge and bar sit beside a fireplace. A patio adds outdoor dining space, and a custom wine cellar holds up to 1,000 bottles. Heating is provided by natural gas and forced air; cooling includes central air and a window unit. The property is zoned C-3 and includes cable availability.
Located in downtown Kalona at 203 5th St, the building was originally the town’s first hotel in the early 1900s. Large windows in the main dining room face 5th Street.
Located in downtown Kalona at 203 5th St, the building was originally the town’s first hotel in the early 1900s. Large windows in the main dining room face 5th Street.
Key Highlights
- Restaurant property built in 1900, with brick‑and‑frame construction
- Main‑floor dining capacity of 56
- Upstairs dining room seats 25 and includes a lounge, bar, and fireplace
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
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
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
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Two floors provide distinct dining rooms, a lounge, and bar areas.
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: Restaurant property built in 1900, with brick‑and‑frame construction; Main‑floor dining capacity of 56; Upstairs dining room seats 25 and includes a lounge, bar, and fireplace
