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Property profile & analytics
OFF-MARKET
Drive through restaurants

20 Nebraska St Algona, IA 50511-2630

1,088 SF 0.21 ac lot Built 1986
Individually Owned 9-yr Hold Free & Clear
Property ID
US25-2267411
Property summary
AI-generated overview

This exceptional commercial property located at 20 E Nebraska Street in Algona, Iowa, presents a unique opportunity for an ambitious entrepreneur. Priced at $300,000, this well-established business boasts numerous recent building and equipment upgrades, ensuring a smooth transition for the new owner. The property is completely turnkey ready, meaning it's equipped and operational, allowing for immediate revenue generation. Financial records demonstrate consistent sales, indicating a stable and profitable business model. The property benefits from a highly visible location on E Nebraska Street, a busy thoroughfare ensuring high traffic volume and excellent exposure to potential customers. This translates to significant foot traffic and drive-by visibility, maximizing the potential for customer engagement and sales. The existing business enjoys a strong reputation within the community, contributing to its consistent success. This is a rare chance to acquire a profitable, established business with significant upside potential. The opportunity to own your own business, in a prime location, with a proven track record, is readily available. Don't miss this chance to become your own boss. Serious inquiries only.

Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1986
Total area 1,088 SF
Lot 0.21 ac (9,148 SF)
APN 22-02-391-010
UPID US25-2267411
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
Brien G Rindone · 9 yrs held
Brien G Rindone
since 2017
1 recorded transaction
2017
$110,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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