201 Kansas St Afton, IA 50830-7702
This exceptional commercial property, located at 201 E Kansas Street in the heart of Afton, IA, presents a unique investment opportunity. Previously a well-established bar and grill, this building boasts a rich history and has undergone partial renovations. With some additional improvements, it could easily be restored to its former glory as a thriving bar and grill, or repurposed to suit a variety of other businesses. The property's prime location on the town square ensures high visibility and easy access, with ample public parking readily available. Afton is a supportive community known for its strong backing of local businesses, creating a favorable environment for entrepreneurs. Adding to its appeal, this property includes two grassy lots situated east of the building, offering additional space and potential uses. Furthermore, there's an entity ready to assist with grant money and sponsorship opportunities for the right business plan. This is a rare chance to acquire a piece of Afton's history and build a successful future. The asking price is $35,000. Don't miss this chance to own a piece of Afton's vibrant commercial landscape. Schedule a viewing today.
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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
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.