Turnkey Restaurant with Rental
For Sale
Contact for pricing
3906 E Main St, Knoxville, IA 50138
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 Market52
Property Features for 3906 E Main St
General Information
Standard status
Active
Size
4,224 SF
Class
C
Property subtype
Retail, Mixed Use
Zoning
C-2
Lease Type
Modified
Investment Type
Stabilized
Additional Details
Business Included
Yes
Multifamily Units
6
Building Details
Year Built
1952
Buildings
2
Units
7
Tenancy
Multi
Listing Agency:
Metro Commercial Real Estate, LLC
Listed By:
Matt Shaw · License #S41988000
Source:
Crexi
Added: Jun 18
Changed: Aug 7
Last Checked: Aug 8 at 4:33AM
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
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
Property Profile
Current Use
Lease Details
6
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
385
Businesses Nearby
Under-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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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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
