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Diner Building with Equipment
For Sale
$250,000

2720 Willis Avenue, Perry, IA 50220

CommercialSale, Retail, Perry, IA

Property SizeContact for details
Lot Size0.42 Acres
Days on Market407

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: Sep 15 Last Checked: Sep 27 at 11:06PM
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 diner property includes the building and equipment in an as-is sale. Improvements completed since 2016 include the parking lot, flooring, and much of the food-service equipment. The building dates to 1970 and features metal siding, a metal roof, central air, forced-air natural gas heating, and public water service.

The property occupies 0.4236 acres at 2720 Willis Avenue in Perry, Iowa. Commercial zoning is designated COMM. Included equipment includes a cooktop, stove, refrigerator, freezer, microwave, and separate ice machine, providing an established operational setup for a diner or similar food-service use.

Key Highlights

  • Building and equipment offered together in an as‑is sale
  • 0.4236‑acre diner property at 2720 Willis Avenue, Perry, IA 50220
  • Parking lot, flooring, and much of the equipment updated since 2016

Property Analytics

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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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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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 - Existing food-service improvements, commercial zoning, and included kitchen equipment support continued diner use.
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: Building and equipment offered together in an as‑is sale; 0.4236‑acre diner property at 2720 Willis Avenue, Perry, IA 50220; Parking lot, flooring, and much of the equipment updated since 2016
More about this property
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