403 Main St Belmond, IA 50421
- Bars
- 12,168 SF
- 0.30 lot acres
Current Use by Public Records
- El Padrino 2 NightClub / Dance Club
Property Details for 403 Main St
- Year built
- 1979
- Lot size
- 0.30 lot acres
- Property size
- 12,168 SF
- Property type
- Bars
- Property subtype
- Pubs
- APN
- 04-30-111-019
- APU
- 430111019
Description
This exceptional 12,168 square foot commercial property, located at 403 E Main Street in Belmond, Iowa, presents a unique investment opportunity. Situated on a 0.3-acre lot, this building has been completely renovated and transformed into a premier event and music venue. Previously a thriving meat and grocery market, the property underwent a significant transformation during the pandemic. The current owner meticulously updated the space, creating a state-of-the-art facility ideal for a wide range of events. Improvements include a brand-new sound system, updated lighting, and completely remodeled bathrooms. High-quality finishes throughout contribute to the overall upscale feel. The venue is currently booked for various family events throughout the summer of 2024, demonstrating strong existing demand and potential for continued success. This turnkey operation offers immediate income potential and a rare opportunity to own a fully equipped, high-quality event center in a desirable location. The asking price is $875,000. This property is ready for a new owner to continue its success story. The building's history as a well-established local business adds to its appeal and provides a strong foundation for future growth. The ample square footage allows for diverse event configurations, catering to a broad range of clients and events.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Belmond
- County
- Wright
- State
- Iowa
- Longitude
- -93.6127
- Latitude
- 42.8462
