Established Restaurant and Bar For
507 Erie, Storm Lake, IA 50588
New
Commercial - Storm Lake, IA
Property size:
4,000 SFLot size:
0.18 AcresPrice / SF:
$56/SF- Added:
- May 12, 2026
- Days on Market:
- 4
- Last Refresh:
- May 15 at 5:06 am
Property Features for 507 Erie
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 1403252009
- Size
- 4,000 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 6532
Building Details
- Year built
- 1900
- Architectural style
- Other
Listing agent Steven Brashears License #S58624 (712) 299-4684
Listing office Compass Real Estate of NW IA 222 W. Milwaukee Ave, Storm Lake, IA (941) 628-9143
Listing date May 12, 2026
MLS# 832948
Listing URL
Copyright © 2026 Northwest Iowa Regional 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
- Turn‑key restaurant and bar operation with all furniture, fixtures, equipment, and inventory included.
- Includes a fully renovated, luxury one‑bedroom apartment above the restaurant, suitable for owner's residence or rental income.
- Established business with 30+ years of operation as a community gathering place.
- Two fully equipped kitchens (one on each level) and extensive food preparation areas, catering capabilities, and abundant storage.
- Includes adjacent north parking lot.
- Approximately 4,000 sq ft of space (2,000 sq ft on each level) designed for efficiency and versatility.
Overview
This is a rare opportunity to acquire a well-established restaurant and bar that has been a community gathering place for over 30 years. The property is offered for sale as a turn-key operation, including all furniture, fixtures, equipment, inventory, and an adjacent north parking lot. The building features seasoned hardwood floors and a warm decor. The main level, approximately 2,000 sq ft, houses the restaurant and bar operations. The lower level, also approximately 2,000 sq ft, includes a second full kitchen, extensive food preparation areas, catering capabilities, numerous refrigerators and freezers, abundant prep space, an office, and generous storage. Above the restaurant is a fully renovated one-bedroom apartment. The apartment features a chef’s kitchen with custom hardwood cabinetry, high-end appliances, and a hammered copper sink. The bedroom includes two-tiered coffered ceilings, recessed lighting, and a walk-in closet. The apartment also features two gas fireplaces. The property is situated on a 0.18-acre lot.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Bars & Pubs
Similar Places Nearby
- Malarky's Bar and Grill — 147 Flindt Dr, Storm Lake, IA 50588
- Mo's — 707 Lake Ave N, Storm Lake, IA 50588
- Brewsters — 225 E Railroad St, Storm Lake, IA 50588
- Blue Label Ltd — 409 W 5th St, Storm Lake, IA 50588
Location Insight
- Map
- Local Demand
- City
- Storm Lake
- County
- Buena Vista
- State
- Iowa
- Longitude
- -95.1995811
- Latitude
- 42.6433227
Nearby Similar for Sale
FAQs
What type of property is this?
Bar & Pub - Turn-key restaurant and bar with living space in Storm Lake.
Where is this bar & pub located?
The property is located at 507 Erie Storm Lake, IA.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Turn‑key restaurant and bar operation with all furniture, fixtures, equipment, and inventory included.; Includes a **fully renovated, luxury one‑bedroom apartment** above the restaurant, suitable for owner's residence or rental income.; Established business with 30+ years of operation as a community gathering place.
