Bar and Restaurant with Event
350 Commercial Drive, Walford, IA 52351
For Sale
New
$999,950
Commercial, Walford, IA
Property Size6,224 SF
Lot Size1.00 Acre
Price / SF$160.66
Days on Market2
Property Features for 350 Commercial Drive
General Information
Property type
Property subtype
Zoning
Directions
Subdivision
Standard status
APN
Size
Lot size
Tenancy & Operations
Currently Operating
Business Included
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Building Details
Year built
Flooring type
Building materials
Roof type
Listing Agency:
GRAF REAL ESTATE, ERA POWERED · ERA Real Estate
(319) 826-1861
Listed By:
Mike Graf-Graf Home Selling Team
(319) 981-3702
Added: Nov 10
Last Checked: Nov 11 at 8:06PM
MLS# 2607858
Copyright © 2026 Cedar Rapids Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 6,224-square-foot bar and restaurant occupies a 1-acre parcel and is configured to accommodate indoor and outdoor concerts and other events. The building dates to 2002 and has frame construction, concrete flooring, and a shingle roof. Commercial zoning is identified as Comm.
Key Highlights
- 6,224‑square‑foot bar and restaurant on a 1‑acre parcel
- Configured for indoor and outdoor concerts and events
- Built in 2002 with frame construction, concrete flooring, and a shingle roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,057
Cap Rate
6.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,261,140
$1.3M
Cap Rate 7%
$900,814
$900.8K
Cap Rate 9%
$700,633
$700.6K
Market Conditions
NOI Build-Up for 6,224 SF
Gross rent
$91.1K $14.64/SF
− Vacancy
−$7.0K −$1.13/SF
EGI
$84.1K $13.51/SF
− OpEx
−$21.0K −$3.38/SF
NOI
$63.1K $10.13/SF
Area
Benton County, IA
Vacancy
7.73%
Lease Rate
$14.64 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,261,140
Cap Rate 7%
$900,814
Cap Rate 9%
$700,633
Alternative Uses
Best Use
Specialty Retail
$900.8K
$788.2K – $1.05M
NOI $63,057 @ 7.0% cap · market cap 6.31%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
42
Businesses Nearby
4k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Godfather's Pizza
Dining
4,087 visits/mo
0.4 miles
Demographics for 52351, IA
1,380
Population
477
Households
2.9
Avg Household Size
40
Median Age
34%
College-Educated
97%
High-School Grad
1.8 sq mi
ZIP Area
767
Density / Sq Mi
$116,477
Median Household Income
$58,500
Median Earnings
$274,500
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
Similar Off Market Nearby
- Angle Inn — 505 US-151, Walford, IA 52351
Frequently Asked Questions
What type of property is this?
Bar & Pub - A commercial hospitality property configured for indoor and outdoor concerts and other gatherings.
Where is this bar & pub located?
The property is located at 350 Commercial Drive Walford, IA.
What is the asking price?
The asking price for this property is $999,950.
What are key features of this property?
This property features: 6,224‑square‑foot bar and restaurant on a 1‑acre parcel; Configured for indoor and outdoor concerts and events; Built in 2002 with frame construction, concrete flooring, and a shingle roof
