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Restaurant Building with Equipment
For Sale
$99,000

501 Ann St, Irwin, IA 51455

Commercial Sale, Irwin, IA

Property Size2,304 SF
Lot Size0.07 Acres
Price / SF$42.97
Days on Market8

Property Features for 501 Ann St

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Commercial
Bathrooms 2
Half bathrooms 2
Rooms Bathroom 1, Bathroom 2
Patio and Porch features Patio
Lot features Corner Lot
High school district IKM-Manning Comm School District
Standard status Active
Size 2,304 SF
Lot size 0.07 Acres

Taxes and HOA fees

Tax Annual Amount 1722

Utilities

Sewer type Public Sewer
Heating system Forced Air, Natural Gas
Water source Public

Building Details

Year built 1996
Floors in Building 1
Flooring type Laminate, Carpet
Roof type Metal
Listing Agency: Wayne Hansen Real Estate Llc
Listed By: Kathryn Kilworth
Added: Oct 8 Changed: Oct 10 Last Checked: Oct 15 at 8:06AM
MLS# 12019439

Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Built in 1996, this restaurant property contains 2,304 square feet on a 0.07-acre corner lot. The building has a metal roof and siding, laminate and carpet flooring, two bathrooms, and a patio. Central air, the furnace, and the hot water heater were replaced in 2020; a fryer was added in 2022.

Restaurant equipment and furnishings include a walk-in cooler, sinks, a 42-inch four-burner grill, broaster, POS cash register system, tables, chairs, bar stools, and dishes. The property is on Main Street at 501 Ann St. in Irwin, Iowa, with on-site parking and public water and sewer.

Key Highlights

  • Restaurant equipment and dining furnishings convey, including a walk‑in cooler, broaster, grill, and POS system
  • 2,304 square feet on a 0.07‑acre corner parcel
  • Central air, furnace, and hot water heater replaced in 2020

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick Auto Repair Shop Big Box & Wholesale Store Wine and Liquor Store Hair Salon Nail Salon Spa & Massage Center

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

Lease Details

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

50
Businesses Nearby
Well-served
Demand for This Use

Demographics for 51455, IA

2,185
Population
1,132
Households
1.9
Avg Household Size
43
Median Age
25%
College-Educated
97%
High-School Grad
112.9 sq mi
ZIP Area
19
Density / Sq Mi
$75,455
Median Household Income
$49,550
Median Earnings
$696
Median Rent
$125,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Commercial kitchen equipment, dining furnishings, and a walk-in cooler are included with the property.
Where is this conventional restaurant located?
The property is located at 501 Ann St Irwin, IA.
What is the asking price?
The asking price for this property is $99,000.
What are key features of this property?
This property features: Restaurant equipment and dining furnishings convey, including a walk‑in cooler, broaster, grill, and POS system; 2,304 square feet on a 0.07‑acre corner parcel; Central air, furnace, and hot water heater replaced in 2020
More about this property
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