108 Elm St Creston, IA 50801-2302
For Sale
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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.
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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.