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Bar and Event Center Opportunity
For Sale
$219,900

508 W Market Street, Steamboat Rock, IA 50672

SINGLE_FAMILY - Steamboat Rock, IA

Property Size9,900 SF
Lot Size0.54 Acres
Price / SF$22.21
Days on Market650

Property Features for 508 W Market Street

General Information

Property type Residential
Property subtype Office
Zoning Commercial
Directions South side of W Market Street in Steamboat Rock.
Standard status Active
APN 88192853014
Size 9,900 SF
Lot size 0.54 Acres

Taxes and HOA fees

Tax Year 2023
Tax Description Multiple Parcel IDs & Legal Descriptions. See abstracting.
Tax Annual Amount 5041
Legal Description Multiple Parcel IDs & Legal Descriptions. See abstracting.

Utilities

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

Building Details

Year built 2021
Flooring type Concrete, Wood
Building materials Brick, Steel Frame
Roof type Tar/Gravel
Listing Agency: Oakridge Real Estate
Listed By: Gabby Mitchell · License #S6594600
Added: Nov 6, 2024 Changed: May 31 Last Checked: Aug 18 at 1:06AM
MLS# 20244970

Copyright © 2026 Northeast 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.

Investment Insights

Based on property information with market context.

This successful bar and event center offers a prime location and multiple income streams. The property features over 9900 sq ft of space and includes 2 garages. The operable bar will remain open during the transition to new ownership, ensuring continuous income. A spacious game room attracts regular visitors, contributing to a lively atmosphere. The event center room is suitable for private parties, corporate events, and live entertainment, enhancing profit potential. Two storage rooms with garage doors provide ample space for inventory and equipment. There is potential for a complete kitchen behind the bar to facilitate food service opportunities. A Golf Simulator Room (Pro-Series widescreen) offers an additional income stream, ideal for hosting tournaments or renting to enthusiasts. Regular events, including live bands and food truck nights, attract a diverse crowd. Located on the west side of the bar, an apartment or adaptable office spaces provide the option for additional rental income or living quarters for the owner/operator. The exterior includes a large beer garden, outdoor patio, rear entrance, and private garage parking. The property is located in Steamboat Rock, Iowa, in Hardin County, and sits on a 0.54-acre lot.

Key Highlights

  • Established bar and event center with ongoing operation and immediate income.
  • Substantial 9900+ sq ft space including bar, game room, and event center.
  • Rare and valuable Pro‑Series golf simulator ($85,000+ value) for additional income.

Property Analytics

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.

Location Intelligence

Trade Area within ½ mile

58
Businesses Nearby
Well-served
Demand for This Use

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

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
Questions? Ask Rey
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Similar Off Market Nearby

  • Lounge & Restaurant 398 W Market St, Steamboat Rock, IA 50672
  • Happenings 508 W Market St, Steamboat Rock, IA 50672

Frequently Asked Questions

What type of property is this?
Bar & Pub - Thriving bar and event center with multiple income streams.
Where is this bar & pub 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 $219,900.
What are key features of this property?
This property features: Established bar and event center with ongoing operation and immediate income.; Substantial 9900+ sq ft space including bar, game room, and event center.; Rare and valuable Pro‑Series golf simulator ($85,000+ value) for additional income.
More about this property
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