211 1st St, Mechanicsville, IA 52306-7700
This exceptional business opportunity in Mechanicsville, IA, presents a unique chance to acquire a fully equipped commercial building at 211 E 1st Street. Priced at $299,000, the sale includes the entire building and all its contents. Previously operating as a successful bar and restaurant, the property boasts a fully functional kitchen, ready for immediate use. A substantial walk-in cooler and freezers are included, providing ample storage for food and beverages. The layout also features a dedicated banquet area, perfect for hosting private events or expanding seating capacity. Additional storage space is available in the lower level, offering versatility for inventory, supplies, or equipment. The building's existing infrastructure and equipment represent a significant cost savings for a new owner, eliminating the need for extensive renovations or new purchases. This turnkey operation is ideally suited for an experienced restaurateur or entrepreneur seeking a well-established location with high potential for growth. The property's prime location in Mechanicsville offers excellent visibility and accessibility, ensuring a strong customer base. This is a rare opportunity to acquire a fully operational business with significant upside potential. Serious inquiries are encouraged to explore this exciting prospect further. The property sits on a 0-acre lot.
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ATM Atm
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Rusty Rench Bar & Grill Bar & Pub Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
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.