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Property profile & analytics
OFF-MARKET
Bars & Pubs

1826 Hwy 18 Algona, IA 50511-7164

2,104 SF 0.85 ac lot Built 1920
Entity Owned Absentee Owner Free & Clear
Property ID
US25-0525342
Property summary
AI-generated overview

This exceptional turnkey business opportunity in Algona, Iowa, presents a rare chance to acquire an established operation complete with building, land, furniture, fixtures, and all inventory. The property, located at 1826 Hwy 18, sits on a sizable 0.85-acre lot, encompassing two parcels: a 60' x 220' west lot and a 66' x 280' south lot. The main building boasts significant recent upgrades, including a new 20' x 20' kitchen (added in 2023), a 12' x 10' walk-in cooler, and a 12' x 10' walk-in freezer, all installed in 2023. Further enhancing the property's functionality are renovated bathrooms (2020) and a unique heated enclosed porch, also completed in 2020. The building is equipped with two furnaces and two central air units, ensuring comfortable climate control throughout. This is a truly remarkable opportunity for an entrepreneur seeking an immediately operational business with existing infrastructure and established clientele. The asking price for this complete package is $285,000. Don't miss this chance to own a thriving business and its associated assets. Contact us today to schedule a showing.

Property profile
Verified
Property type Bars & Pubs
Use group NIGHTCLUB (COCKTAIL LOUNGE)
Year built 1920
Total area 2,104 SF
Lot 0.85 ac (37,026 SF)
APN 23-01-228-018
UPID US25-0525342
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
SHIPCO ENTERPRISES LLC
SHIPCO ENTERPRISES LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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