128 Elm St Cresco, IA 52136-1520
This exceptional turnkey business opportunity in Cresco, IA, presents a rare chance to own a thriving bar and grill with significant upside potential. Located in the heart of Cresco's business district, this property boasts a combined 4,590 square feet across two interconnected buildings. One building is configured as a cafГ©, while the other features a bar, both offering a full menu including popular panini sandwiches, pizza, and a salad bar. The establishment is well-known for its food and drink offerings and benefits from a fenced outdoor patio perfect for seating, entertainment, and live music. Included in the sale is a fully operational food truck, providing the opportunity to expand the business to catering and events outside of the main location. Adding to the investment value, the property also includes two apartments, accessible via an interior stairway and a rear deck. The southern apartment has undergone a complete remodel. All commercial equipment is included in the sale, ensuring a seamless transition for the new owner. The 0.11-acre lot provides ample space for the existing operations and potential future expansion. This is a truly unique opportunity to acquire an established, profitable business with significant existing infrastructure and immediate income potential from the rental apartments. The property is ready for a new owner to step in and continue its success.
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Fat T’s Cafe Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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.