Listing Agency: Mel Foster Co. Clinton j***@melfosterco.com Show Phone

Listed By: Jill Sorrell · License #S62818000/475.163185

Source: Crexi

Added: Mar 2, 2024 Changed: Aug 8 Last Checked: Aug 8 at 4:09AM

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Investment Insights

Based on property information with market context.

The Hometown Restaurant is available for purchase. The property includes a restaurant and bar area of approximately 2,900 square feet designed for dining and socializing. There is also a 900-square-foot banquet hall suitable for events and gatherings. The property also features retail space and essential storage, including a walk-in freezer and cooler. All restaurant equipment is included in the sale, with the exception of one prep table. The property is being sold as-is.

Key Highlights

• Established restaurant location with a long history.
• Includes a fully equipped restaurant (excluding one prep table).
• Large restaurant and bar area (approx. 2,900 sq. ft.).

Property Analytics

Property Profile

Current Use

Conventional restaurants

Suggested Use

Top Pick HVAC Service Electrical Service Dental Office Plumbing Service Garden Center Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

130

Businesses Nearby

4k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Dollar General Shops & Services

3,997 visits/mo 0.4 miles

Demographics for 52069, IA

1,512

Population

701

Households

2.2

Avg Household Size

45

Median Age

19%

College-Educated

97%

High-School Grad

49.0 sq mi

ZIP Area

31

Density / Sq Mi

$79,000

Median Household Income

$38,040

Median Earnings

$798

Median Rent

$153,500

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Restaurant, bar, banquet hall, and retail space available for purchase.

Where is this conventional restaurant located?

The property is located at 41 W GILLET Street Preston, IA.

What is the asking price?

The asking price for this property is $106,000.

What are key features of this property?

This property features: Established restaurant location with a long history.; Includes a fully equipped restaurant (excluding one prep table).; Large restaurant and bar area (approx. 2,900 sq. ft.).