106 3Rd StLow Moor, IA 52757

Property Details for 106 3Rd St

Year built

1908

Lot size

0.10 AC

Property size (Sq ft)

3,520 SF

Property type

Retail properties

Property subtype

Bars

APN

2400500000

APU

2400500000

Description

This exceptional turnkey business opportunity presents the chance to own Santee's Bar and Grill, a well-established restaurant located at 106 3rd Street, Low Moor, IA 52757. The property, built in 1908, includes a main building encompassing a fully operational bar and grill, recently renovated and meticulously maintained. The sale includes all existing equipment and fixtures, allowing for immediate operation. The bar, bathrooms, and seating areas are in excellent condition, designed to attract and retain customers. The commercial kitchen is exceptionally clean and well-equipped. An attractive outdoor patio provides additional seating, perfect for enjoying the sunshine. Adding to the investment potential, a three-bedroom (potentially four-bedroom) apartment occupies the upper level, currently generating rental income. This provides a valuable supplemental revenue stream. The property sits on land in Clinton County, Iowa, and is ready for a new owner to continue its success within the welcoming Low Moor community. This is a rare opportunity to acquire a profitable, established business with significant upside potential. The asking price for this complete package is $249,000.

• CAP approach

  CAP return

  Valuation

  6%

  $934,299

  6.5%

  $862,430

  7%

  $800,828

• Comparable approach

  Method

  Valuation

  Relative Method

  $900,551

  Geo Method

  $1,155,370

• Alternative Use

  Use

  Valuation

  Residential

  $727,492

  Hospitality

  $666,379

  Educational

  $554,419

  Medical

  $573,487

  Retail

  $862,430

Location Insight

City

Low Moor

County

Clinton

State

Iowa

Latitude

41.802

Longitude

-90.3552

CBSA code

17540

CBSA name

CLINTON, IA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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