122 Vine StWest Union, IA 52175

Property Details for 122 Vine St

Year built

1890

Construction

CONCRETE

Lot size

0.14 AC

Property size (Sq ft)

5,793 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

717276008

APU

717276008

Description

This bank-owned foreclosure presents a unique investment opportunity in downtown West Union, Iowa. Located at 122 S Vine Street, this 5,793 square foot, two-story building sits on a 0.14-acre lot and is zoned C. Originally built in 1890, the property previously operated as a bar and restaurant, offering a spacious main floor with an open-plan dining and bar area, and a kitchen ready for renovation. A large covered deck is ideal for outdoor seating or entertainment. Upstairs, two banquet rooms provide ample space for private events or expanded services, along with a dedicated office and restrooms. The property is currently vacant, presenting a blank canvas for a new business venture. The asking price is $75,000. This single-tenancy building offers significant potential for a variety of commercial uses in a prime downtown location. The property is a bank-owned foreclosure with zero remaining lease term.

• CAP approach

  CAP return

  Valuation

  6%

  $1,401,780

  6.5%

  $1,293,950

  7%

  $1,201,526

• Comparable approach

  Method

  Valuation

  Relative Method

  $745,100

  Geo Method

  $745,100

• Alternative Use

  Use

  Valuation

  Residential

  $1,091,496

  Hospitality

  $999,804

  Educational

  $831,825

  Medical

  $860,433

  Retail

  $1,293,950

Location Insight

City

West Union

County

Fayette

State

Iowa

Latitude

42.9605

Longitude

-91.8086

Property Tax & Assessments

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