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Property profile

126 1st St Rulo, NE 68431

OFF-MARKET
Bars & Pubs
Property ID
US57-0448237
3,956 SF 0.34 ac lot Built 1890
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

Own a piece of Nebraska history with the Swingin' Doors Saloon, a well-established bar and grill located at 126 S. 1st Street in Rulo, NE. This turnkey operation is being offered for $180,000 and includes all furnishings, décor, equipment, liquor, and food inventory. The building has undergone a complete renovation, bringing it up to current Nebraska state codes. Improvements completed between 2015 and 2016 include a new roof (2024), a new sandwich prep table, stainless steel prep tables, an ice machine, three fryers, two flat grills, a beer cooler, and a 500# light-up advertising sign. The bar also features a walk-in cooler, flat-screen TVs, a cold and hot buffet table, a small office area, ample storage, and a fenced-in, partially covered beer garden. A large street parking area is available for patrons. The sale also includes a leased jukebox (owned by Acme) and a 1,000-gallon propane tank. Beyond the bar itself, the property boasts a large upper lot with a concrete pad and two camper hookups, currently housing two campers but offering potential for expansion with a lodge or additional dwelling. The property's prime location on 1st Street in Rulo, NE, places it at the corner of the Nebraska, Missouri, and Kansas state lines bordering the Missouri River. 2023 real estate taxes for the three lots and business totaled $741.26. This iconic establishment is priced to sell and presents a unique opportunity for a new owner to continue its legacy.

Property profile

Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Year built 1890
Total area 3,956 SF
Lot 0.34 ac (14,980 SF)
Zoning code 03-COMMERCIAL
APN 740092251
UPID US57-0448237

Cap rate & NOI

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

Location

126 1st St Rulo, NE 68431-1855
Rulo metro Census 964500
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$285k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$340k

Owner & transaction history

Zoning & alternative use

03-COMMERCIAL · Rulo, NE

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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