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Property profile & analytics

116 Railroad St Norway, IA 52318-9586

  • Bars
  • 2,936 SF
  • 0.13 lot acres
OFF-MARKET
Value Estimation
Location Intelligence
Property ID
US25-1138394
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Bars

Property Details for 116 Railroad St

Year built
1880
Construction
FRAME
Lot size
0.13 lot acres
Property size
2,936 SF
Property type
Bars
Property subtype
Pubs
APN
17000800
APU
17000800

Description

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.

Value Estimation

Powered by Realmo proprietary methodology Last update: July 3, 2025
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Location Insight

  • Map
  • Local Demand
City
Norway
County
Benton
State
Iowa
Longitude
-91.9207
Latitude
41.9029
CBSA code
16300
CBSA name
CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,178
$9,000
$66,600
$75,600
-
$9,000
$66,600
$75,600
More about this property
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