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Property profile & analytics
OFF-MARKET
Commercial real estate

11 Benton E Ave Albia, IA 52531-2032

Individually Owned 8-yr Hold Free & Clear
Property ID
US25-1472228
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 210009005000000
UPID US25-1472228
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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Brian H Lindberg · 8 yrs held
Brian H Lindberg
since 2017
1 recorded transaction
2017
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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