11 Benton E Ave Albia, IA 52531-2032
This exceptional 3500 sq ft commercial property, located on the town square in Albia, IA, presents a unique opportunity for a savvy investor. The main level boasts a fully equipped restaurant and bar, complete with all necessary kitchen equipment, tables, chairs, and cutlery – all included in the sale price of $289,000. The space comfortably accommodates patrons with ample seating areas, including a charming private courtyard and access to a shared alley, enhancing the ambiance and providing additional outdoor seating options. Two restrooms are conveniently located on the main level, along with a dedicated office space. The substantial upper level offers significant potential, adaptable for expanded restaurant seating, event space, or conference rooms, adding considerable versatility to the property. A full basement provides ample storage. The building is equipped with four furnaces and four central air conditioning units, ensuring year-round comfort. This move-in ready establishment is perfectly positioned for immediate operation, representing a rare opportunity to acquire a thriving business in a desirable location. The property sits on a 0-acre lot at 11 Benton Avenue E, Albia, IA.
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.