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Property profile & analytics
OFF-MARKET Estimated value $90,000
Bars & Pubs

211 1st St Mechanicsville, IA 52306-7700

6,550 SF 0.16 ac lot Built 1923
Entity Owned 5-yr Hold Free & Clear
Property ID
US25-0361179
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Bars & Pubs
Use group NIGHTCLUB (COCKTAIL LOUNGE)
Year built 1923
Total area 6,550 SF
Lot 0.16 ac (7,100 SF)
APN 44001134870010
UPID US25-0361179
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
Current use
Occupant on record · Public records
  • ATM Atm
  • Rusty Rench Bar & Grill Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$95k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$90k
Owner & transaction history
Rusty Rench Bar & Grill INC · 5 yrs held
Rusty Rench Bar & Grill INC
since 2021
Last sale
$100,000
1 recorded transaction
2021
$100,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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