114 N Elm St Cresco, IA 52136
For Sale
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This exceptional opportunity presents the chance to acquire a thriving, award-winning bakery and coffee house in Cresco, Iowa. Established for 30 years, Dough and Joe Bakery boasts a loyal customer base and strong community reputation, consistently ranking among Iowa's top 10 bakeries. The 2,975 square foot main location on N Elm Street offers high visibility and significant foot traffic. A key advantage is the additional retail space within Cresco's Fareway grocery store, providing a secondary sales outlet for fresh baked goods daily, boosting overall profitability. The property also includes a valuable 2-bedroom apartment situated above the main store, overlooking the downtown area, generating supplemental income. This turnkey operation comes fully equipped and ready for immediate operation. The current owners are committed to a smooth transition, offering training and support to ensure continued success. The 0.05-acre property is priced at $369,000 and represents a rare chance to own a well-established, profitable business with significant growth potential. This is an ideal opportunity for an experienced entrepreneur or someone looking to enter the food service industry with a proven business model. Don't miss this chance to own a piece of Cresco's culinary heritage.
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Dough & Joe Bakery Specialty Food Shop
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.