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Brick Bar & Pub Building
For Sale
$345,000

203 S Main Street, Elkader, IA 52043

Commercial Sale, Elkader, IA

Property SizeContact for details
Days on Market204

Property Features for 203 S Main Street

General Information

Property type Commercial Sale
Property subtype Other
Bathrooms 3
Full bathrooms 3
Rooms Bathroom 3, Basement, Bathroom 2, Bathroom 1
Parking 15
Basement Partial
Subdivision NORTH
Standard status Active
APN 25-23-340-003

Utilities

Sewer type Public Sewer
Heating system Forced Air
Cooling system Central Air
Water source Public

Building Details

Year built 1890
Floors in Building 2
Flooring type Concrete
Building materials Brick
Roof type Rubber
Listing Agency: Ole's 5 Star Realty, LLC
Listed By: Joe Sylvester · License #S65873
Added: Mar 27 Changed: Oct 7 Last Checked: Oct 16 at 12:06PM
MLS# 154220

Copyright © 2026 East Central Iowa 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.

Located at 203 S Main Street in Elkader, Iowa, this commercial property is classified as a bars and pubs asset and includes a basement plus three bathrooms. The building dates to 1890 and features brick construction with concrete flooring, a rubber roof, forced-air heat, and central air conditioning.

Public water and public sewer serve the property. The current restaurant opens for lunch at 11:00 a.m., and showings are requested before that time. Prospective buyers will be required to sign a confidentiality agreement before financial information is reviewed.

Key Highlights

  • Brick construction with concrete flooring
  • 1890 construction date
  • Basement and three bathrooms

Property Analytics

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Current Use

Drew's Bar & Grille ... Bar & Pub TD's Sports Bar ... Bar & Pub

Suggested Use

Top Pick Dental Office Building Supply (Bike/Boat/Book/etc) Store Pharmacy Garden Center Grocery & Convenience Store

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

239
Businesses Nearby
Well-served
Demand for This Use

Demographics for 52043, IA

2,047
Population
1,015
Households
2
Avg Household Size
52
Median Age
22%
College-Educated
92%
High-School Grad
96.9 sq mi
ZIP Area
21
Density / Sq Mi
$65,202
Median Household Income
$45,807
Median Earnings
$839
Median Rent
$145,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Similar Off Market Nearby

  • Fennellys' Irish Pub — 105 N 1st St, Elkader, IA 52043
  • Drew's Bar & Grille LLC — 203 S Main St, Elkader, IA 52043
  • Gene's Place — 117 S Main St, Elkader, IA 52043
  • TD's Sports Bar & Grille LLC — 203 S Main St, Elkader, IA 52043

Frequently Asked Questions

What type of property is this?
Bar & Pub - Established commercial property with a basement, three bathrooms, and public water and sewer service.
Where is this bar & pub located?
The property is located at 203 S Main Street Elkader, IA.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Brick construction with concrete flooring; 1890 construction date; Basement and three bathrooms
More about this property
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