Turnkey Art Bar & Gallery
504 Bluff Street Cedar Falls, IA 50613
New
For Sale
$130,000
Turnkey hospitality business combines a cocktail lounge and rotating local art gallery in a leased downtown location.
Property Size900 SF
Price / SF$144.44
Days on Market4
Property Features for 504 Bluff Street
General Information
- Standard status
- Active
- Size
- 900 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1978
Listing Agency:
Robertson Real Estate Inc
(319) 333-2886
Listed By:
Ali Rashid
(319) 333-2886
Source:
Pinnaclerealtyia
Added: Jul 21
Changed: Jul 24
Last Checked: Jul 24 at 5:25AM
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 Robertson Real Estate Inc
Investment Insights
Based on property information with market context.
The Ragged Edge Art Bar & Gallery is a turnkey hospitality business that combines an upscale cocktail lounge with a local art gallery featuring rotating exhibits. The sale includes the established business along with goodwill, furniture, fixtures, equipment, and inventory. The operation is currently set up to support live music, special events, and community gatherings.
The business operates from an attractive leased location in Downtown Cedar Falls at 504 Bluff Street. The opportunity to assume the existing lease is included, subject to landlord approval.
If you’re looking to step into an operating concept with an established customer following, this offering includes the opportunity to take over the existing platform and continue running day-to-day operations as the new owner.
The business operates from an attractive leased location in Downtown Cedar Falls at 504 Bluff Street. The opportunity to assume the existing lease is included, subject to landlord approval.
If you’re looking to step into an operating concept with an established customer following, this offering includes the opportunity to take over the existing platform and continue running day-to-day operations as the new owner.
Key Highlights
- Ragged Edge Art Bar & Gallery combines an upscale cocktail lounge with a local art gallery.
- Business includes goodwill and the sale of furniture, fixtures, equipment, and inventory.
- Operating from a leased downtown location with favorable occupancy costs; opportunity to assume existing lease (subject to landlord approval).
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $13.9k | $15.48 |
| − Vacancy | −$1.2k | −$1.31 |
| EGI | $12.8k | $14.17 |
| − OpEx | −$3.2k | −$3.54 |
| NOI | $9.6k | $10.63 |
900 SF · lease $15.48/SF/yr · vacancy 8.44% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$136.7K
$119.6K – $159.5K
NOI $9,567 @ 7.0% cap · market cap 7.36%
Second Best
—
—
no second resolved use
Theoretical Best
Mixed Use
$1.13M
$987.2K – $1.32M
NOI $78,975 @ 7.0% cap · market cap 60.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
The Ragged Edge Art ...
Cafe & Coffee Shop
Similar Off Market Nearby
- Berk's Main Street Pub — 207 Main St, Cedar Falls, IA 50613
- Uncle Harry's Five and Dime Tavern — 123 Main St, Cedar Falls, IA 50613
- Cedar Falls Community Theatre — 103 Main St, Cedar Falls, IA 50613
- Landmark — 107 Main St, Cedar Falls, IA 50613
- Whiskey Road Tavern & Grill — 402 Main St, Cedar Falls, IA 50613
FAQs
What type of property is this?
Bar & Pub - Turnkey hospitality business combines a cocktail lounge and rotating local art gallery in a leased downtown location.
Where is this bar & pub located?
The property is located at 504 Bluff Street Cedar Falls, IA.
What is the asking price?
The asking price for this property is $130,000.
What are key features of this property?
This property features: Ragged Edge Art Bar & Gallery combines an upscale cocktail lounge with a local art gallery.; Business includes goodwill and the sale of furniture, fixtures, equipment, and inventory.; Operating from a leased downtown location with favorable occupancy costs; opportunity to assume existing lease (subject to landlord approval).
