Building Details

Year Built 1958

Buildings 2

Stories 1

Units 2

Listing Agency: Toggle Space j***@realestateconcepts.net Show Phone

Listed By: Kyle Freeman · License #S67396000

Source: Crexi

Added: May 28 Changed: Aug 9 Last Checked: Jun 6 at 3:21AM

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Investment Insights

Based on property information with market context.

This sale offers a well-maintained, turnkey restaurant and bar operation designed for immediate continuity. The property includes the furniture, bar fixtures, kitchen equipment, and bar equipment necessary to run the concept with minimal transition.

The main building is located at 212 River Ave S in Belmond, Iowa, and the transaction also includes the neighboring property at 214 River Ave S. That additional building provides extra on-site space that could support storage, an office, or other layout-driven needs depending on how the operator plans to use it.

For an owner-user, the included furnishings and equipment can help streamline the move-in process and reduce the time typically required to assemble an operating hospitality setup. For an investor, the package includes two buildings with a fully equipped hospitality offering, with the second property potentially serving operational needs or supporting alternate plans such as redevelopment.

Key Highlights

• Turnkey restaurant and bar operation at 212 River Ave S, Belmond, IA
• Included with the sale: all furniture, bar fixtures, kitchen equipment, and bar equipment
• Sale includes the neighboring property at 214 River Ave S

Property Analytics

Property Profile

Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Building Supply HVAC Service Big Box & Wholesale 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.

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

280

Businesses Nearby

16k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 85% Home Improvements & Furnishings 15%

Casey's General Store Shops & Services

8,210 visits/mo 0.1 miles

Dollar General Shops & Services

4,744 visits/mo 0.4 miles

True Value Hardware Home Improvements & Furnishings

2,301 visits/mo 0.5 miles

Interstate Batteries Shops & Services

280 visits/mo 0.2 miles

Demographics for 50421, IA

3,043

Population

1,418

Households

2.1

Avg Household Size

44

Median Age

29%

College-Educated

97%

High-School Grad

91.9 sq mi

ZIP Area

33

Density / Sq Mi

$66,184

Median Household Income

$38,770

Median Earnings

$805

Median Rent

$121,400

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

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Own a fully equipped restaurant and bar with neighboring building for added storage or office flexibility.

Where is this conventional restaurant located?

The property is located at 212 RIVER AVE S Belmond, IA.

What is the asking price?

The asking price for this property is $375,000.

What are key features of this property?

This property features: Turnkey restaurant and bar operation at 212 River Ave S, Belmond, IA; Included with the sale: all furniture, bar fixtures, kitchen equipment, and bar equipment; Sale includes the neighboring property at 214 River Ave S