Property profile

200 Main St Lansing, IA 52151

OFF-MARKET
Turn key restaurants
Property ID
US25-1112732
9,306 SF 0.12 ac lot Built 1889
Entity Owned Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1889
Construction WOOD
Total area 9,306 SF
Lot 0.12 ac (5,160 SF)
APN 829426021
UPID US25-1112732

Cap rate & NOI

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

Location

200 Main St Lansing, IA 52151-7772
Lansing metro Census 960100
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$235k

Owner & transaction history

Zoning & alternative use

Top alternative use upside
Warehouse, storage $910,000 +10.9%

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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