106 3rd St Low Moor, IA 52757-0107
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 rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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.