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Property profile & analytics
FOR SALE
Turn key restaurants

108 Elm St Creston, IA 50801-2302

1,452 SF 0.06 ac lot Built 1880
Individually Owned Absentee Owner Free & Clear
Property ID
US25-2340820
Property summary
AI-generated overview

This exceptional 2,904 square foot commercial property located at 108 N Elm Street in Creston, Iowa, presents a unique investment opportunity. Situated on a 0.06-acre corner lot, this building boasts a rich history as a well-established bar and grill, serving the Creston community for over 45 years. Its prime location ensured a steady stream of customers, from lunchtime business patrons to families enjoying happy hour. The previous owners fostered a strong community presence by sponsoring numerous local events. The building's spacious interior offers ample room for a variety of business ventures. The existing layout is adaptable and could easily be reconfigured to suit a new owner's specific needs. This is a chance to acquire a turn-key property with significant historical value and established customer base in a thriving area. The asking price of $74,999 makes this an attractive proposition for entrepreneurs seeking a ready-made space with high visibility and potential for immediate revenue generation. The property's location in the heart of Creston provides excellent access to local businesses and residents, ensuring a steady flow of potential customers. This is a rare opportunity to own a piece of Creston's history and shape its future. Don't miss out on this chance to acquire a well-positioned commercial property with immense potential.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1880
Total area 1,452 SF
Lot 0.06 ac (2,640 SF)
APN 501460009
UPID US25-2340820
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
PETER J CUSTER
PETER J CUSTER
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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