Operating Restaurant with
For Sale
$149,000
322 E Coolbaugh Street, Red Oak, IA 51566
Commercial Sale, Red Oak, IA
Property Size7,560 SF
Lot Size0.06 Acres
Price / SF$19.71
Days on Market67
Property Features for 322 E Coolbaugh Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
On Street
Basement
Full
Appliances
Cooktop, Refrigerator, Freezer
Lot features
Corner Lot
Directions
From Broadway in Red Oak turn East on Coolbaugh and 322 will be on the corner of 4th and Coolbaugh
Standard status
Active
APN
600628304011000
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
ORIG PLAT E 21' LT 1 BLK 44
Tax Annual Amount
1688
Legal Description
ORIG PLAT E 21' LT 1 BLK 44
Utilities
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
ADA restrooms
Building Details
Year built
1900
Number of units
1
Flooring type
Vinyl, Carpet
Building materials
Brick
Roof type
Flat, Rubber
Architectural style
Other
Listing Agency:
Rubey Realty · Windermere Real Estate
(712) 623-2724
Listed By:
Audie Rainey · License #B61131000
(712) 621-1818
Added: Jun 25
Changed: Aug 19
Last Checked: Aug 30 at 9:06AM
MLS# 6339697
Copyright © 2026 NoCoast MLS. 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 operating restaurant occupies a 7,560-square-foot brick building with a 2,520-square-foot dining and service area arranged for 50 patrons. The premises include two ADA restrooms, a full spray-foamed basement, and two additional upper levels measuring 2,520 square feet each. Kitchen equipment includes a cooktop, refrigerator, and freezer, while central air and forced-air heating support the interior.
Located at 322 E Coolbaugh Street in Red Oak, Iowa, the property sits on a 0.06-acre lot with on-street parking and public water service. The building dates to 1900 and has a flat rubber roof, vinyl and carpet flooring, and brick construction. The restaurant continues to operate, with equipment included in the sale.
Located at 322 E Coolbaugh Street in Red Oak, Iowa, the property sits on a 0.06-acre lot with on-street parking and public water service. The building dates to 1900 and has a flat rubber roof, vinyl and carpet flooring, and brick construction. The restaurant continues to operate, with equipment included in the sale.
Key Highlights
- Operating restaurant at 322 E Coolbaugh Street, Red Oak, IA 51566
- 7,560‑square‑foot brick building on a 0.06‑acre lot
- 2,520‑square‑foot restaurant area with seating for 50 patrons
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
391
Businesses Nearby
13k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 59%
Shops & Services 41%
Fareway
Groceries
7,457 visits/mo
0.4 miles
Casey's General Store
Shops & Services
3,920 visits/mo
0.3 miles
Napa Auto Parts
Shops & Services
707 visits/mo
0.1 miles
Carquest Auto Parts
Shops & Services
517 visits/mo
0.3 miles
Demographics for 51566, IA
6,772
Population
3,435
Households
2
Avg Household Size
44
Median Age
19%
College-Educated
91%
High-School Grad
176.4 sq mi
ZIP Area
38
Density / Sq Mi
$58,264
Median Household Income
$40,632
Median Earnings
$783
Median Rent
$116,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Established restaurant property with a furnished kitchen, customer seating, and a multi-level building configuration.
Where is this conventional restaurant located?
The property is located at 322 E Coolbaugh Street Red Oak, IA.
What is the asking price?
The asking price for this property is $149,000.
What are key features of this property?
This property features: Operating restaurant at 322 E Coolbaugh Street, Red Oak, IA 51566; 7,560‑square‑foot brick building on a 0.06‑acre lot; 2,520‑square‑foot restaurant area with seating for 50 patrons
