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Property profile & analytics
OFF-MARKET
Office Spaces

440 Hwy 69 & Main St Lamoni, IA 50140

1.25 ac lot
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Office Spaces
Lot 1.25 ac (54,450 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
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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