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Mixed-Use Bar and Apartment Building
For Sale
$199,000

229 Main Street, Mc Gregor, IA 52157

Freestanding building offers a bar and restaurant on the main level with two upstairs apartments, each with a balcony.

Property Size800 SF
Price / SF$248.75
Days on Market420

Property Features for 229 Main Street

General Information

Standard status Active
Size 800 SF
Property subtype Multi Family / 2 story
Zoning Comm

Additional Details

Business Included Yes
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $2,090

Amenities

Oil
Radiant
refrigerator, washer, dryer - all bar and restaurant equipment, turn key business on main level.
1
2
Brick, Vinyl

Building Details

Year Built 1890
Units 3
Listing Agency: RE/MAX Gold
Listed By: Jenny Coleman · License #58543-90
Source: Compass
Added: Jul 15, 2025 Changed: Aug 8 Last Checked: Jul 22 at 9:17AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Gold

Investment Insights

Based on property information with market context.

This freestanding mixed-use building includes a bar and restaurant operating on the main level, with two upstairs apartments available. Both apartments feature balconies.

The property is located in downtown McGregor, with a city parking lot adjacent for off-street parking. It is also described as being blocks from the Mississippi River.

This sale includes the business on the main level, while the two apartments are located above the restaurant/bar space.

Key Highlights

  • Freestanding downtown McGregor building with a bar and restaurant on the main level plus 2 upstairs apartments
  • Two apartments each with a balcony
  • City parking lot adjacent to the building for off‑street parking

Property Analytics

Current Use

Silver Dollar Saloon Bar & Pub

Suggested Use

Top Pick Auto Repair Shop Storage Facility Garden Center (Bike/Boat/Book/etc) Store Real Estate Agency Pharmacy

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

2
Residential units
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

146
Businesses Nearby

Demographics for 52157, IA

1,645
Population
841
Households
2
Avg Household Size
53
Median Age
18%
College-Educated
92%
High-School Grad
56.7 sq mi
ZIP Area
29
Density / Sq Mi
$56,875
Median Household Income
$49,402
Median Earnings
$744
Median Rent
$164,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Duplex - Freestanding building offers a bar and restaurant on the main level with two upstairs apartments, each with a balcony.
Where is this duplex located?
The property is located at 229 Main Street Mc Gregor, IA.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Freestanding downtown McGregor building with a bar and restaurant on the main level plus 2 upstairs apartments; Two apartments each with a balcony; City parking lot adjacent to the building for off‑street parking
More about this property
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