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Turnkey Diner Opportunity in Perry
For Sale
$250,000

2720 Willis Avenue, Perry, IA 50220

CommercialSale, Retail, Perry, IA

Property SizeContact for details
Lot Size0.42 Acres
Days on Market371

Property Features for 2720 Willis Avenue

General Information

Property type Commercial Sale
Property subtype Retail
Zoning COMM
Interior features WindowTreatments
Appliances Cooktop, Freezer, Microwave, Refrigerator, SeparateIceMachine, Stove
Elementary school district Perry
Middle school district Perry
High school district Perry
Directions Take Highway 141 to Perry IA from Des Moines IA turn Right Willis Ave to the Restaurant on the right side of the road
Subdivision Perry
Standard status Active
APN 0211307011
Lot size 0.42 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description DILENBECK 2ND ADD LOTS 6, 7 & 8 BLK 17
Tax Annual Amount 1026
Legal Description DILENBECK 2ND ADD LOTS 6, 7 & 8 BLK 17

Utilities

Heating system Forced Air, Natural Gas
Cooling system Central Air
Water source Public

Building Details

Year built 1970
Building materials MetalSiding
Roof type Metal
Architectural style Other
Listing Agency: Realty ONE Group Impact
Listed By: Wayde Burkhart
Added: Aug 17, 2025 Changed: Aug 19 Last Checked: Aug 22 at 6:06PM
MLS# 724400

Copyright © 2026 Des Moines Area Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This turnkey diner opportunity, established in 2016, is located in a thriving small-town community. The sale includes both the building and equipment, offered as-is. The property is zoned COMM and has a lot size of 0.4236 acres. Updates completed since 2016 include the parking lot, flooring, and much of the diner's equipment. This diner is located in Perry, Iowa, in Dallas County.

Key Highlights

  • Turnkey diner opportunity with building and equipment included.
  • Established, successful business since 2016 in a thriving community.
  • Recent updates to parking lot, flooring, and equipment.

Property Analytics

Current Use

The Lou's Diner Restaurant

Suggested Use

Top Pick Law Firm Hair Salon Restaurant Nail Salon Building Supply Electrical Service

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

171
Businesses Nearby
2k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 93% Hotels & Casinos 7%
Pizza Hut Dining
1,986 visits/mo 0.2 miles
Super 8 Perry IA Hotels & Casinos
161 visits/mo 0.5 miles

Demographics for 50220, IA

9,045
Population
3,925
Households
2.3
Avg Household Size
37
Median Age
17%
College-Educated
87%
High-School Grad
100.5 sq mi
ZIP Area
90
Density / Sq Mi
$68,750
Median Household Income
$38,195
Median Earnings
$883
Median Rent
$146,200
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
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Similar Off Market Nearby

  • The Lou's Diner 2720 Willis Ave, Perry, IA 50220

Frequently Asked Questions

What type of property is this?
Breakfast & diner - Successful diner with building and equipment for sale in Perry.
Where is this breakfast & diner located?
The property is located at 2720 Willis Avenue Perry, IA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Turnkey diner opportunity with building and equipment included.; Established, successful business since 2016 in a thriving community.; Recent updates to parking lot, flooring, and equipment.
More about this property
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