200 Main St Lansing, IA 52151-7772
Own a piece of Lansing, Iowa history with this exceptional multi-building commercial property at 200 Main St, 52151. This turnkey business opportunity encompasses 12,845 square feet across three historic buildings, built in 1888, situated on a 0.18-acre lot. The main building houses a thriving bar and restaurant, complete with a spacious banquet area ideal for generating additional revenue through event rentals and private parties. Enjoy stunning river views from this bright and airy establishment. Above the commercial space, four fully rented apartments and a bonus Airbnb unit provide a consistent rental income stream. These charming apartments feature updated interiors and hardwood floors. The property is zoned commercial and offers significant flexibility for future business ventures. While currently operating as a successful bar and restaurant, the space is adaptable to various other commercial uses. The sale includes all three buildings, though options for separate sales may be considered. This is a rare opportunity to acquire a substantial and established business with significant upside potential in a desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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.