1826 Hwy 18 Algona, IA 50511-7164
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2021Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.