Listing Agency: Kolbet realtors k***@kolbetrealtors.com Show Phone

Listed By: Kevin Kolbet · License #IA B01509000

Source: Crexi

Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 9:25AM

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Investment Insights

Based on property information with market context.

This established convenience store combines everyday retail merchandise with fuel and prepared-food operations. The property includes a diesel and fuel island, deli service, pizza, ice cream, grocery products, and a broad selection of convenience items. Local ownership and management are part of the operating profile.

Positioned along IA Hwy. 9 at 203 E Main St in Riceville, the property has 3 access points and parking designed to accommodate semis as well as regular customer vehicles. The combination of highway exposure, multiple access points, fuel service, and food and grocery offerings supports a broad convenience-oriented operation.

Key Highlights

• Convenience store with diesel and fuel island
• Deli, pizza, ice cream, grocery, and convenience merchandise
• 3 access points from the property

Property Analytics

Property Profile

Current Use

ATM (Andy's Mini ... Atm Andy's Mini Mart Gas Station

Suggested Use

Top Pick HVAC Service Plumbing Service Dental Office Auto Parts Store Grocery & Convenience Store Storage Facility

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

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

104

Businesses Nearby

10k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 86% Home Improvements & Furnishings 14%

Casey's Shops & Services

5,373 visits/mo 0.3 miles

Dollar General Shops & Services

2,705 visits/mo 0.3 miles

Riceville True Value Home Improvements & Furnishings

1,372 visits/mo 0.2 miles

Napa Auto Parts Shops & Services

320 visits/mo 0.2 miles

Demographics for 50466, IA

1,845

Population

872

Households

2.1

Avg Household Size

38

Median Age

23%

College-Educated

88%

High-School Grad

138.8 sq mi

ZIP Area

13

Density / Sq Mi

$60,833

Median Household Income

$39,327

Median Earnings

$792

Median Rent

$160,900

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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What type of property is this? Where is this grocery and convenience stores located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Grocery and convenience store - Operating retail business with food service, grocery offerings, fuel sales, and truck-accessible parking.

Where is this grocery and convenience store located?

The property is located at 203 E Main St Riceville, IA.

What are key features of this property?

This property features: Convenience store with diesel and fuel island; Deli, pizza, ice cream, grocery, and convenience merchandise; 3 access points from the property