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    Turnkey Restaurant and Commercial Building Title is generated by Realmo AI

    304 Vine E, Decatur, IA 50067

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    For Sale
    $400,000

    Commercial Building - Decatur, IA

    Property size:
    4,800 SF
    Lot size:
    0.54 Acres
    Price / SF:
    $83/SF
    Added:
    May 30, 2025
    Days on Market:
    372
    Last Refresh:
    Jun 5 at 5:06 am

    Property Features for 304 Vine E

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2
    Parking features
    Garage
    Standard status
    Active
    Size
    4,800 SF
    Lot size
    0.54 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2136

    Utilities

    Heating system
    Electric (Heating), Forced Air, Propane (Heating)
    Cooling system
    Central Air

    Building Details

    Floors in Building
    1
    Flooring type
    Tile
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Rhonda Triggs

    Listing agent Rhonda Triggs

    Listing office United Country Southern Iowa Real Estate 2461 State Hwy 2, Mount Ayr, IA

    Listing date May 30, 2025

    MLS# 11509553 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 4,800 sq. ft. (80' x 60') freestanding restaurant/commercial building directly on Iowa State Highway 2
    • Includes restaurant business and equipment: furnishings, food inventory, and kitchen and dining equipment included
    • Operated 6 days/week for 5 years with a seating capacity of 65–70 guests
    • Kitchen features include stacked convection ovens, commercial stove, food warmers, deep fat fryers, and walk‑in freezer (8' x 10')
    • Separate men’s and women’s restrooms, with a shower in the men’s restroom
    • Parking and climate/heat: central air; heating includes electric forced air and propane, plus two mini‑split units for the addition

    Overview

    This turnkey restaurant and commercial building is a one-level, freestanding property with a main dining room and a secondary room suitable for overflow or private events. Interior finishes include tile flooring in the original portion, with an addition featuring epoxy-coated concrete floors and heating and cooling provided by two mini-split units. The layout includes separate men’s and women’s restrooms, with a shower in the men’s room. The dining capacity is designed to accommodate 65–70 guests comfortably.

    The building sits on a 0.54-acre lot with ample onsite parking and is directly on Iowa State Highway 2 for visibility and convenient access. It is also about 1/2 mile from Interstate 35. The property is adjacent to a busy RV park, supporting a steady mix of transient and local traffic.

    The sale includes the restaurant business operating components needed to begin at once, with furniture, fixtures, décor, and food inventory included at sale. The kitchen and cold storage package covers multiple cooking stations and storage needs, including stacked commercial convection ovens, deep fat fryers and flat-top fryers, a cooler room, and a walk-in freezer, along with upright freezers and refrigerated units. Additional inclusions include a commercial dishwasher and other prep and storage equipment, plus an outdoor Thermo King walk-in freezer and an outdoor grill. Separate electric panels and multiple hot water heaters are in place to serve the original structure and the addition.
    Property Profile Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Suggested Use

    Restaurant Spa & Massage Center Hair Salon Nail Salon Auto Repair Shop Department Store Grocery & Convenience Store Bar & Pub Garden Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Decatur
    State
    Iowa
    Longitude
    -93.831595
    Latitude
    40.739158

    FAQs

    What type of property is this?
    Conventional restaurant - Freestanding restaurant building with seating for 65–70 and included kitchen equipment for immediate operations.
    Where is this conventional restaurant located?
    The property is located at 304 Vine E Decatur, IA.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: 4,800 sq. ft. (80' x 60') freestanding restaurant/commercial building directly on Iowa State Highway 2; Includes restaurant business and equipment: furnishings, food inventory, and kitchen and dining equipment included; Operated 6 days/week for 5 years with a seating capacity of 65–70 guests
    (712) 621-1960
    We can help!
    Listing Contact
    Rhonda Triggs
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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