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Property profile & analytics
OFF-MARKET
Specialty properties

123 A St McGregor, IA 52157

8,677 SF 0.34 ac lot
Property ID
Property summary
AI-generated overview

This exceptional property, located at 123 A St, McGregor, IA 52157, presents a unique investment opportunity. The 8,677 square foot mixed-use building, encompassing a destination restaurant and award-winning microbrewery, sits on a 0.34-acre lot (APN: 34-22-477-009). Built in 1880 and renovated in 2007, this two-story building boasts a rich history, listed on the National Register of Historic Places. The restaurant features approximately 2,482 square feet of space, seating approximately seventy-five guests indoors and an additional thirty on the outdoor patio. The custom-designed bar adds to the unique ambiance. The 3,713 square foot brew house includes state-of-the-art copper brew kettles from Vienna, Austria. Two fully furnished, high-end Airbnb units, complete with kitchens, fireplaces, bedrooms, and bathrooms offering stunning Mississippi River views, are included. Ample parking is available across the street and behind the building. The property benefits from McGregor's designation as an Iowa Cultural & Entertainment District, attracting over half a million annual visitors. This turnkey operation has earned prestigious awards, including 2019 & 2021 Business of the Year and the 2023 Best of the Best in Breweries. The asking price is $4,950,000. This is a chance to own a piece of Iowa history and a thriving business in a prime tourist location.

Property profile
Verified
Property type Specialty properties
Total area 8,677 SF
Lot 0.34 ac (14,810 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • The Old Man River Restaurant & Brewery Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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