Property profile

108 Main St Ossian, IA 52161

OFF-MARKET
Office buildings
Property ID
US25-1805729
7,540 SF 0.24 ac lot Built 1920
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This established Ossian, IA bar and restaurant, located at 108 W Main St, is offered for sale at $295,000. The 2,136 square foot, single-story building sits on a 0.2-acre lot (8712 sq ft) and was renovated in 2022. Built in 1952, the property features a fully equipped kitchen with appliances including a dishwasher, hood/fan, microwave, range/oven, and refrigerator. The bar includes a sound system. The building also boasts central air conditioning, electric and gas heating fueled by natural gas, and four bathrooms (two full, two half). The property's high-traffic location and loyal customer base provide a strong foundation for continued success. The existing menu offers comfort food and snacks, perfect for casual dining and game days. This turnkey operation includes trained staff and established suppliers, allowing for immediate operation. The property presents a unique opportunity for expansion, event hosting, and menu diversification. This versatile space offers potential beyond its current use as a bar and restaurant. The 50x173x50x168 lot dimensions provide ample space. This is a rare opportunity to acquire a thriving business in a desirable location.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1920
Total area 7,540 SF
Lot 0.24 ac (10,500 SF)
APN 191043301100
UPID US25-1805729

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bar & Pub
  • Restaurant

Location

108 Main St Ossian, IA 52161
Ossian metro Census 950400
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

since 2023
2 recorded transactions
2023
Price N/A
2023
$80,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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