Advertise
    Sully, IA
    Live - Work Space

    Sully, IA Live-work Space for Sale

    Notify Me
    List
    Map
    Lynnville, IA Reasnor, IA Pella, IA Grinnell, IA Kellogg, IA Newton, IA New Sharon, IA Oakland Acres, IA
    Turnkey Café with Apartment
    Updated: Oct 13, 2025
    Turnkey Café with Apartment

    616 4th St, Sully, IA 50251

    $395,900
    2,500 sqft
    Fully updated 2,500+ SF cafe/restaurant building with patio space and rear garage/parking.
    Extensive upgrades completed 2023‑2025, including a new fire suppression system, updated electrical and plumbing.
    New commercial kitchen equipment including fryers, ovens, refrigeration, sinks, and more.
    Remodeled 2‑bedroom apartment above the cafe for owner‑occupancy or rental income.
    Recent improvements include new cement, signage, gutters, locks, and flooring.
    View details

    This listing looks promising.

    Here's a quick look at some key insights for

    616 4th St, Sully, IA

    View Property Analytics

    • Est. Cap Rate

      8.3%
      Above avg (5.9%)

    • Est. NOI

      $33K
      Annual

    • Price @ 7% Cap

      $471K
      Above asking

    • Property Type

      Restaurant
      Built 1970
    View Property Analytics
    Updated Coffee Shop With Apartment
    Updated: Oct 13, 2025
    Updated Coffee Shop With Apartment

    616 4th Street, Sully, IA 50251

    $395,900
    0.07 AC lot
    2,500+ sq ft coffee shop and restaurant building
    Renovations and system upgrades completed from 2023‑2025
    Remodeled two‑bedroom apartment above the commercial space
    Commercial kitchen with fryers, ovens, refrigeration, and sinks
    Patio plus rear garage/parking area
    View details
    Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 2 Active listings in Sully, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Mixed-Use Commercial Building
    Mixed-Use Commercial Building

    114 N 2nd Ave W, Newton, IA 50208

    $150,000
    5,808 sqft

    Two floors of commercial space with basement storage, with a second-floor apartment or studio possibility.

    View details
    Mixed-Use Retail with Living Quarters
    Mixed-Use Retail with Living Quarters

    301 W 2nd Avenue, Indianola, IA 50125

    $234,000
    2,256 sqft

    Mixed-use building offers retail space plus onsite living quarters and a detached two-car garage.

    View details
    Mixed-Use Building with Living Quarters
    Mixed-Use Building with Living Quarters

    301 W 2nd Avenue, Indianola, IA 50125

    $234,000
    0.21 AC lot

    C2-zoned mixed-use property combines commercial operations with on-site living quarters.

    View details
    Mixed-Use Live-Work Building
    Mixed-Use Live-Work Building

    1422 1st Ave E, Newton, IA 50208

    Contact for pricing

    Live-work building with apartment and one commercial tenant, plus one additional space available for lease.

    View details

    Off-Market Properties in Sully, IA

    Consider similar Off-Market properties in Sully, IA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    301 7th Ave
    OFFICE/RESIDENTIAL (MIXED USE)

    301 7th Ave, Sully, IA 50251-1098

    $1,690,000
    Estimated value
    11,465 sqft 0.27 AC lot
    View details

    Sully, IA Live-Work Space Market Trends and Statistics

    Explore 3 live-work space for sale in Sully, IA on our real estate platform. These investment opportunities span a total of 2,500 square feet of properties for sale, with an estimated market value of $791,800.

    Sale prices for live-work properties in Sully, IA average $395,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

    List
    Map

    Demographics Overview

    Population 1,481
    Population Growth (5Y) +3.9%
    Median Household Income $95,417
    College Educated 26.4%

    High-Yield Neighborhoods for Investment

    Identify Sully submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    50251 $395.9K

    Taxes & Financing

    Tax Rate (average for all types) 1.97%
    Property Tax per SF $23.93 per SF
    Tax Rate vs County Average 0.84 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Jasper County

    New Delisted

    Total CRE Inventory on Market (SF)

    Need Help?

    Reach out if you need assistance with Realmo tools or have questions about your listings

    Contact Us

    Browse Live-work space for Sale Near Sully, IA

    Popular Searches in Sully, IA

    Most Searched ZIP Codes in Sully, IA

    • 50251

    Select Neighborhood

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!