Property profile

129 W Main Ave Rockford, IA 50468

FOR SALE
Turn key restaurants
Property ID
US25-0480387
2,640 SF 0.16 ac lot Built 1900
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

The property in Rockford, Iowa consists of a restaurant and retail use building totaling approximately 2,904 square feet, zoned C-R/REC COMMERI. It includes a dining/food preparation area and an upper level with a wide-open layout, an existing bathroom, and laundry hookups, suitable for conversion to an apartment or additional business use. The building includes restaurant equipment and fixtures such as a 36" flat top charbroiler, 24" grill, chicken broaster, pizza conveyor ovens (four), multiple refrigerators (three) and freezers (four), prep tables (two 8’ tables), and coolers. It also features a fire suppression system (ANSUL) and electrical service with 440V capacity. Improvements include updated interior flooring, ceiling wiring, renovated women’s restrooms with new toilets and sinks, and a new A/C unit in a back room. The property has been configured with a 90/10 food-to-bar ratio. An adjacent building at 123 W Main is included as-is and is identified as uninhabitable. The intended use is for restaurant and retail purposes.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1900
Construction FRAME
Total area 2,640 SF
Lot 0.16 ac (6,864 SF)
APN 91522701900
UPID US25-0480387

Cap rate & NOI

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

Location

129 W Main Ave Rockford, IA 50468
Rockford metro Census 480300
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$75k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$75k

Owner & transaction history

since 2023
Last sale
$52,500
3 recorded transactions
2023
$15,000
2018
$52,500
2006
$67,500

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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More about this property
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