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Property profile & analytics
OFF-MARKET
Grocery and convenience stores

1105 Mamie Eisenhower Ave Boone, IA 50036-3918

2,052 SF 0.15 ac lot Built 1930
Entity Owned 17-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US25-1315933
Property summary
AI-generated overview

This exceptional commercial property at 1105 W Mamie Eisenhower Avenue in Boone, Iowa, presents a unique opportunity to acquire a thriving, established business alongside its building. The 2,052 square foot building sits on a 0.15-acre lot and is currently operating as a successful ice cream parlor featuring a wide selection of throwback candies and novelty items. The sale includes all existing fixtures and equipment, creating a truly turnkey operation. This includes shelving, displays, coolers, serving freezers, tables, chairs, and a point-of-sale system, minimizing the upfront investment for the new owner. The property boasts a fully equipped kitchen area, ample indoor and outdoor seating for customers, and a substantial 500+ square foot storage/warehouse area for efficient inventory management. The business operates seasonally, opening in May and closing in late October. The current owner is offering a three-month transition period to ensure a smooth handover and will also assist the new owner in establishing reliable product sourcing. Priced at $185,000, this represents a rare chance to own a well-established, profitable business in a desirable location, ready for immediate operation. The property's prime location and loyal customer base make it an attractive investment with significant growth potential.

Property profile
Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1930
Construction FRAME
Total area 2,052 SF
Lot 0.15 ac (6,500 SF)
Zoning code INC
APN 88426292482006
UPID US25-1315933
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
Current use
Occupant on record · Public records
  • Big Kahunas (Ice cream and Vintage Candy) Grocery & Convenience Store Specialty Food Shop
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
Martin Real Estate Holdings LLC · 17 yrs held
Martin Real Estate Holdings LLC
since 2008
2 recorded transactions
2008
$45,500
2007
Price N/A
Zoning & alternative use
INC · Boone, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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