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    440 Hwy 69 & Main St Lamoni, IA 50140

    For Sale
    $175,000

    Turn-key restaurant, established 50+ years.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional turn-key restaurant opportunity in Lamoni, Iowa, is priced at $175,000. Established in 1968, "The Dairy Cup" boasts a rich history and consistent revenue stream. The property includes a well-maintained building featuring a 560 sq ft commercially equipped kitchen, fully approved by health inspectors, and a 256 sq ft covered portico for ordering and dining. Additional outdoor seating is available in a park-like setting. Convenient amenities include a public restroom and a separate employee restroom. All equipment is included, allowing for immediate operation: this includes a Square POS system, Taylor soft serve ice cream machine, soda fountain, grill, deep fryer, steam table, freezers, refrigerators, and branded merchandise. Detailed equipment lists and profit & loss statements are available upon request. The 1.25-acre lot offers ample space for expansion, allowing for potential development or maintaining the existing green space. Located conveniently off I-35 between Des Moines and Kansas City, this property benefits from proximity to two airports and easy access to a wide regional market. The business model includes walk-up, drive-through service, and online ordering with curbside pickup. This is a rare chance to acquire a profitable, established business with significant growth potential in a thriving community. The current menu features soft serve ice cream, shakes, burgers, tenderloins, and other popular items.

    Property Features for 440 Hwy 69 & Main St

    General Information

    Property type
    Office Properties & Spaces
    Lot Size
    54,450 SF

    HighLights

    • Turn‑key restaurant in Lamoni, IA, priced at $175,000.
    • Established business with consistent revenue, operating since 1968.
    • Features a 560 sq ft commercial kitchen and 256 sq ft covered portico.
    • Includes all equipment: POS system, ice cream machine, soda fountain, grill, and more.
    • 1.25‑acre lot with potential for expansion; located near I‑35, between Des Moines and Kansas City.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lamoni
    County
    19053
    State
    Iowa
    Longitude
    -93.9332882
    Latitude
    40.6236856

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    FAQs

    What type of property is this?
    Office Property / Space - Turn-key restaurant, established 50+ years.
    Where is this office property / space located?
    The property is located at 440 Hwy 69 & Main St Lamoni, IA.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: Turn-key restaurant in Lamoni, IA, priced at $175,000.; Established business with consistent revenue, operating since 1968.; Features a 560 sq ft commercial kitchen and 256 sq ft covered portico.
    Request Owner's contact information
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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
    440 Hwy 69 & Main St Lamoni, IA 50140
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