116 Railroad St Norway, IA 52318-9586
This fully furnished bar presents a unique investment opportunity in the thriving town of Norway, Iowa. Located at 116 Railroad Street E, this establishment is ready for immediate operation, requiring no additional setup or equipment purchases. The bar boasts ample seating to accommodate a substantial number of patrons, and includes all necessary equipment for smooth and efficient service. The property sits on a 0.13-acre lot and is ideally situated within the community of approximately 466 residents, offering a built-in customer base. Its strategic location provides easy access for customers from surrounding areas, including Cedar Rapids (approximately 25 minutes away), Iowa City (approximately 40 minutes away), Marion (approximately 30 minutes away), and Coralville (approximately 35 minutes away). The proximity to Frontier Co-op, a major local employer with approximately 550 employees across its Norway and nearby sites, ensures a consistent flow of potential customers from the workforce. This turnkey operation offers a rare chance to own a profitable business in a welcoming community with convenient access to major roadways and a strong local economy. The asking price for this exceptional opportunity is $91,562. This includes all existing furniture, fixtures, and equipment. The property is ready for a new owner to step in and begin generating revenue immediately. Don't miss this chance to own a successful, established business in a desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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.