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Property profile & analytics
FOR SALE
Restaurants

114 N Elm St Cresco, IA 52136

2,975 SF 0.05 ac lot Built 1890
Individually Owned 20-yr Hold ~ Est. High Equity
Property ID
US25-1851255
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Restaurants
Use group BAKERY
Year built 1890
Total area 2,975 SF
Lot 0.05 ac (2,091 SF)
APN 321011603010000
UPID US25-1851255
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
  • Dough & Joe Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Molly L Pedretti · 20 yrs held
Molly L Pedretti
since 2006
1 recorded transaction
2006
$50,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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