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    309 Cedar St Wilton, IA 52778

    Sponsored
    For Sale
    $275,000

    Established bar with income-producing apartments.

    Property size:
    6,756 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity encompasses two buildings at 309 & 311 Cedar Street in Wilton, Iowa, totaling 6,756 square feet on a 0.1-acre lot (APN: 0406168007 & 0406168006). Built in 1884, this property features a main-level, established bar exceeding 4,100 square feet, complete with all equipment (excluding games and Touch Tunes). Three income-generating apartments, currently rented with utilities included, provide an annual gross income of $19,200, offsetting operational expenses. The property boasts a new roof (2018), new walk-in cooler compressor (December 2023), and new furnaces (2022). Utility services are efficiently managed with two water meters, two gas meters, and five electric meters. Heating systems vary: two apartments in 309 utilize electric heat, while the apartment in 311 features gas forced-air heating. This prime corner location is zoned for commercial use. Showings are available during operating hours, noon to 2:00 AM. Financial details will be disclosed at the owner's discretion. This turnkey business presents a unique blend of commercial and residential income streams in a desirable location.

    Property Features for 309 Cedar St

    General Information

    Property type
    Restaurants
    Square Feet
    6,756 SF
    Lot Size
    4,356 SF

    Building Details

    Year Built
    1884
    Buildings
    2
    Stories
    2

    HighLights

    • Exceptional investment opportunity: Two buildings totaling 6,756 square feet on a 0.1‑acre lot in Wilton, IA.
    • Established bar (4,100+ sq ft) with all equipment included (excluding games and Touch Tunes).
    • Three income‑generating apartments with $19,200 annual gross income (utilities included).
    • Recent capital improvements: new roof (2018), walk‑in cooler compressor (Dec 2023), and furnaces (2022).
    • Prime corner commercial location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wilton
    County
    Muscatine
    State
    Iowa
    Longitude
    -91.0186949
    Latitude
    41.588077

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    Nearby Similar for Sale

    • $275,000
      6,756 SF

      Wilton, IA Commercial Property Investment

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      309 Cedar St, Wilton, IA 52778
      View Details
    • $950,000
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    FAQs

    What type of property is this?
    Restaurant - Established bar with income-producing apartments.
    Where is this restaurant located?
    The property is located at 309 Cedar St Wilton, IA.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: Exceptional investment opportunity: Two buildings totaling 6,756 square feet on a 0.1-acre lot in Wilton, IA.; Established bar (4,100+ sq ft) with all equipment included (excluding games and Touch Tunes).; Three income-generating apartments with $19,200 annual gross income (utilities included).
    Request Owner's contact information
    309 Cedar St Wilton, IA 52778
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    Wilton, IA 52778
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    309 Cedar St Wilton, IA 52778
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