128 Elm St Cresco, IA 52136-1520
- Turn key restaurants
- 2,518 SF
- 0.06 lot acres
Current Use by Public Records
- Fat T’s Cafe / Restaurant
Property Details for 128 Elm St
- Year built
- 1878
- Lot size
- 0.06 lot acres
- Property size
- 2,518 SF
- Property type
- Turn key restaurants
- APN
- 321020403010000
- APU
- 321020403010000
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cresco
- County
- Howard
- State
- Iowa
- Longitude
- -92.1168
- Latitude
- 43.3733
