114 S Prairie St Russell, IA 50238
- Grocery and convenience stores
- 2,211 SF
- 0.33 lot acres
Current Use by Public Records
- Grocery and convenience stores
Property Details for 114 S Prairie St
- Year built
- 1940
- Lot size
- 0.33 lot acres
- Property size
- 2,211 SF
- Property type
- Grocery and convenience stores
- APN
- 1206230007
- APU
- 1206230007
Description
This exceptional commercial property located at 114 S Prairie Street in Russell, IA, presents a unique investment opportunity. The property encompasses a bustling general commercial establishment, "The Last Chance Market," which includes a fully operational restaurant. The market offers a wide variety of goods, from fresh produce to pantry staples, catering to the local community's needs. The on-site restaurant provides additional revenue streams with its appealing lunch menu. This turnkey operation is fully equipped with all necessary commercial-grade appliances, including ovens, fryers, refrigerators, and freezers, ensuring a seamless transition for the new owner. All existing inventory is included in the sale price, allowing for immediate profitability. The property sits on a sizable 0.66-acre lot, offering ample space for potential expansion, outdoor seating, or community gatherings. Recent improvements include a brand-new roof and an updated walk-in freezer, providing peace of mind and minimizing immediate maintenance needs. This established business enjoys a strong local following and presents a rare chance to acquire a profitable, turnkey operation in a charming small town setting. The asking price for this exceptional property is $215,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Russell
- County
- Lucas
- State
- Iowa
- Longitude
- -93.1978
- Latitude
- 40.983
