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Property profile & analytics
OFF-MARKET
Restaurants

123 A St McGregor, IA 52157

Property ID
Property summary
AI-generated overview

This exceptional 6,739 sq. ft. restaurant and microbrewery in McGregor, IA, is a turnkey opportunity. Boasting multi-million dollar renovations, including custom copper brew kettles from Vienna, Austria, the property features a 2,482 sq. ft. restaurant with seating for 75+ inside and an additional 30 on a beautiful outdoor patio. A unique custom bar seats 20, and the 3,713 sq. ft. brew house completes this impressive operation. Ample parking is available across the street and behind the building. Located on the Great River Road National Scenic Byway, this property benefits from McGregor's thriving tourism industry, attracting over half a million visitors annually. The town's designation as an Iowa Cultural & Entertainment District further enhances its appeal. This historically significant building, listed on the National Register of Historic Places, was originally built in the 1880s by Diamond Jo Reynolds and served as his steamboat business headquarters. Recent accolades include 2019 & 2021 Business of the Year and the 2023 Best of the Best in Breweries award. This is a rare chance to own a piece of McGregor's rich history and a highly successful, award-winning business. The property is available for sale or lease.

Property profile
Verified
Property type Restaurants
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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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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