Turnkey Restaurant with Rental
3906 E Main St, Knoxville, IA 50138
For Sale
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Turnkey restaurant plus owner living quarters above and six occupied rental apartments, offered with an included furnished condo.
Property Size4,224 SF
Price / SF$158.62
Days on Market149
Property Features for 3906 E Main St
General Information
Standard status
Size
Class
Property subtype
Zoning
Lease Type
Investment Type
Additional Details
Business Included
Multifamily Units
Building Details
Year Built
Buildings
Units
Tenancy
Listing Agency:
Metro Commercial Real Estate, LLC
Listed By:
Matt Shaw · License IA S41988000
(515) 360-2247
Source:
Crexi
Added: Jun 18
Changed: Nov 12
Last Checked: Nov 12 at 4:42AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Metro Commercial Real Estate, LLC
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Investment Insights
Based on property information with market context.
This property includes a fully equipped, turnkey restaurant along with owners’ living quarters directly above the dining space. There is also a large outdoor area intended for entertainment. In addition to the restaurant and living quarters, the building has six occupied rental apartments, providing an existing residential income component within the same property.
The offering is located just outside of Knoxville, Iowa. The package also includes a fully furnished condo in Madeira Beach, Florida, situated on the 11th floor and described as overlooking water views.
For buyers looking for a combined business and real estate setup, the restaurant operation is ready to take over with equipment already in place, while the on-site apartments are currently occupied. The seller’s provided GPI is nearly $10k, offering an additional data point for those evaluating the property as both a place of business and a rental asset. The inclusion of the furnished condo adds a separate residential asset to the overall purchase package.
The offering is located just outside of Knoxville, Iowa. The package also includes a fully furnished condo in Madeira Beach, Florida, situated on the 11th floor and described as overlooking water views.
For buyers looking for a combined business and real estate setup, the restaurant operation is ready to take over with equipment already in place, while the on-site apartments are currently occupied. The seller’s provided GPI is nearly $10k, offering an additional data point for those evaluating the property as both a place of business and a rental asset. The inclusion of the furnished condo adds a separate residential asset to the overall purchase package.
Key Highlights
- Year built 1952
- Fully equipped restaurant with owners living quarters directly above
- 6 occupied rental apartments
Property Analytics
Who owns this building?
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Current Use
Lease Details
6
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
31
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 50138, IA
11,631
Population
5,181
Households
2.2
Avg Household Size
43
Median Age
28%
College-Educated
94%
High-School Grad
168.1 sq mi
ZIP Area
69
Density / Sq Mi
$76,887
Median Household Income
$46,580
Median Earnings
$815
Median Rent
$169,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Turnkey restaurant plus owner living quarters above and six occupied rental apartments, offered with an included furnished condo.
Where is this conventional restaurant located?
The property is located at 3906 E Main St Knoxville, IA.
What is the asking price?
The asking price for this property is $670,000.
What are key features of this property?
This property features: Year built 1952; Fully equipped restaurant with owners living quarters directly above; 6 occupied rental apartments
