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Mixed-Use Property with Event Space

508 W Market Street, Steamboat Rock, IA 50672

For Sale
$199,000

Residential Income, Steamboat Rock, IA

Property Size9,924 SF
Lot Size0.54 Acres
Price / SF$20.05
Days on Market734

Property Features for 508 W Market Street

General Information

Property type Residential Multi Family
Property subtype Other
Basement Full
Directions google maps
Standard status Active
APN 881928253014
Size 9,924 SF
Lot size 0.54 Acres

Tenancy & Operations

Currently Operating Yes
Business Included Yes

Additional Details

Property Use Bar and Event Center

Taxes and HOA fees

Tax Year 2023
Tax Description Multiple Parcels - Please ask agent and ask for abstracting or beacon
Tax Annual Amount 5041
Legal Description Multiple Parcels - Please ask agent and ask for abstracting or beacon

Utilities

Heating system Forced Air
Water source Public

Amenities

game room
storage rooms
Golf Simulator Room
beer garden
outdoor patio

Building Details

Year built 2021
Floors in Building 1
Number of units 2
Building materials Brick, Metal Siding
Listing Agency: Oakridge Real Estate
Listed By: Gabrielle Mitchell
Added: Nov 6, 2024 Changed: Nov 3 Last Checked: Nov 9 at 9:06PM
MLS# 6330971

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

Rey
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Investment Insights

Based on property information with market context.

Built in 2021, this 9,924-square-foot mixed-use property includes a bar, game room, event room and golf simulator room. Two storage areas have garage doors, and the west side contains an apartment or space adaptable for offices. Brick and metal siding, forced-air heating and public water are among the building features. The existing business is not required as part of the purchase; interior items may be removed before closing by arrangement.

The 0.54-acre property also includes a beer garden, outdoor patio, rear entrance and private garage parking. The event room is suited to gatherings and entertainment, while the bar area has space behind it that could accommodate a kitchen. The property is in Steamboat Rock, Iowa.

Key Highlights

  • 9,924‑square‑foot mixed‑use property on 0.54 acres
  • Bar, game room, event room and golf simulator room
  • Two storage areas with garage doors

Property Analytics

Who owns this building? See the owner, sales and loan history
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Current Use

Happenings Bar & Pub

Suggested Use

Top Pick Electrical Service Auto Repair Shop Storage Facility Big Box & Wholesale Store Hair Salon Nail Salon

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

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

58
Businesses Nearby

Demographics for 50672, IA

532
Population
262
Households
2
Avg Household Size
49
Median Age
15%
College-Educated
92%
High-School Grad
37.3 sq mi
ZIP Area
14
Density / Sq Mi
$64,063
Median Household Income
$41,250
Median Earnings
$731
Median Rent
$127,800
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

Frequently Asked Questions

What type of property is this?
Mixed-use property - Bar, game room, event space and an apartment or office area create a range of possible configurations.
Where is this mixed-use property located?
The property is located at 508 W Market Street Steamboat Rock, IA.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 9,924‑square‑foot mixed‑use property on 0.54 acres; Bar, game room, event room and golf simulator room; Two storage areas with garage doors
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