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    Turnkey Restaurant Near Black Hawk Lake Title is generated by Realmo AI

    413 N Main Street, Lake View, IA 51450

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    Claim this Listing
    For Sale
    $240,000

    COMMERCIAL - Lake View, IA

    Added:
    Dec 8, 2025
    Days on Market:
    176
    Last Refresh:
    Jun 2 at 10:06 am

    Property Features for 413 N Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    On Street
    Security features
    Security System
    Interior features
    Kitchen Area, Restrooms, Security System
    Exterior features
    Front Exposure, High Traffic Location, High Visibility
    Appliances
    Dishwasher, Freezer, Microwave, Range/Stove, Refrigerator
    Standard status
    Active
    APN
    811033010019

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    LAKE VIEW INC LOT 7 BLK 4 ORIGINAL (exact Legal to be taken from Abtsract(s)
    Tax Annual Amount
    940

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1948
    Building materials
    Brick, Steel Siding
    Roof type
    Rubber

    We can help!

    Listing Contact
    Kelly Bierl
    Kelly Bierl

    Listing agent Kelly Bierl License #B64536

    Listing office Hometown Realty 9 Eighth St. SE, Spencer, IA

    Listing date Dec 8, 2025

    MLS# 251527

    Copyright © 2026 Iowa Great Lakes Board 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.

    HighLights

    • Turnkey coffee/restaurant business, building, and all restaurant supplies included.
    • Prime location in the heart of Lake View's downtown, near Black Hawk Lake.
    • Recent major updates: furnace, A/C, water heater, and PEX plumbing (2021), new flooring, water softener, upgraded filter system, resealed roof, updated electrical (2025).
    • High traffic and high visibility location on Main Street.
    • Includes essential appliances: dishwasher, freezer, microwave, range/stove, and refrigerator.
    • Features cozy seating and a welcoming atmosphere.

    Overview

    Located in the heart of downtown Lake View, Iowa, near Black Hawk Lake, this turnkey coffee and restaurant space offers a welcoming environment with cozy seating suitable for both local residents and visitors. Major updates completed in 2021 include a furnace, A/C, water heater, and PEX plumbing. Further updates in 2025 include new flooring, a water softener, an upgraded filter system, a resealed roof, and updated electrical box wiring and outlets in the kitchen. The sale includes the building, the business, and all restaurant supplies, presenting an opportunity for a new owner to continue operating this Main Street establishment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Coffee shops

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lake View
    County
    Sac
    State
    Iowa
    Longitude
    -95.05194769
    Latitude
    42.30737778

    Nearby Similar for Sale

    • $350,000

      Lake View Motel Opportunity

      13-unit motel in Lake View, Iowa, near Black Hawk Lake.
      138 & 140 9th Street, Lake View, IA 51450
      View Details
    • $229,900
      1,390 SF

      New Construction Duplex in Lake View

      New construction duplex with modern amenities and efficient design.
      215 8th Street, Lake View, IA 51450
      View Details

    FAQs

    What type of property is this?
    Coffee shop - Turnkey coffee/restaurant in Lake View's thriving downtown near Black Hawk Lake.
    Where is this coffee shop located?
    The property is located at 413 N Main Street Lake View, IA.
    What is the asking price?
    The asking price for this property is $240,000.
    What are key features of this property?
    This property features: Turnkey coffee/restaurant business, building, and all restaurant supplies included.; Prime location in the heart of Lake View's downtown, near Black Hawk Lake.; Recent major updates: furnace, A/C, water heater, and PEX plumbing (2021), new flooring, water softener, upgraded filter system, resealed roof, updated electrical (2025).
    (712) 260-5711
    We can help!
    Listing Contact
    Kelly Bierl
    Kelly Bierl
    Real Estate License ID: B64536
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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