104 Elm St Cresco, IA 52136-1520
This exceptional 4,250 square foot retail property, situated on a 0.06-acre lot at 104 N Elm Street in Cresco, Iowa, presents a remarkable investment opportunity. Completely remodeled, this building boasts a prime location within Cresco's bustling business district, offering convenient access to Highway 9 for optimal customer reach. The main floor features a welcoming greeting area, comfortable booth and table seating, two restrooms, a horseshoe-shaped bar, and a fully equipped commercial kitchen. Upstairs, additional seating, two more restrooms, and a second full bar provide ample space for various uses. Both levels showcase beautiful hardwood floors, creating an inviting atmosphere. A full basement offers extensive storage, complemented by two walk-in coolers and additional refrigeration units. Modernization is complete with a new elevator servicing all three floors, and all electrical, HVAC, and plumbing systems have been replaced within the last year. This turnkey operation includes all commercial equipment, furniture, and supplies, minimizing start-up costs and maximizing immediate operational potential. The property's versatility allows for a wide range of business ventures, making it an exceptional opportunity for entrepreneurs seeking a thriving location and a fully equipped space. The asking price is $699,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
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.