1210 Shr Dr. Clear Lk Clear Lake, IA 50428
This profitable, 4,500 sq ft restaurant and bar in Clear Lake, Iowa, is offered at $600,000. Located on a 0.51-acre lot, this single-tenant property boasts 100% occupancy and features a renovated interior (2011) within a building constructed in 1972. The property is zoned C and enjoys a prime location near the lake, attracting both local and tourist clientele. All equipment and inventory are included in the sale price. The business benefits from a loyal customer base and strong income streams. This represents a rare opportunity to acquire a well-established, successful restaurant in a desirable lakeside setting. The property's location offers significant potential for continued growth and profitability. The sale includes all existing equipment and inventory. This is a single-story building.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.