Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET
    Bars & Pubs

    211 1st St, Mechanicsville, IA 52306-7700

    6,550 SF 0.16 ac lot Built 1923
    Entity Owned 4-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
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Rusty Rench Bar & Grill INC · 4 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
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    You own 211 1st St?
    List it free. Reach 20,000 daily buyers.
    We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
    List this address →
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message