Property profile

116 Railroad St Norway, IA 52318

OFF-MARKET
Bars & Pubs
Property ID
US25-1138394
2,936 SF 0.13 ac lot Built 1880
Entity Owned 11-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Year built 1880
Construction FRAME
Total area 2,936 SF
Lot 0.13 ac (5,742 SF)
APN 17000800
UPID US25-1138394

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

116 Railroad St Norway, IA 52318-9586
Norway metro Census 960500 CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$225k

Owner & transaction history

since 2014
2 recorded transactions
2021
Price N/A
2014
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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