239 2nd St Eldridge, IA 52748-1207

Property Details for 239 2nd St

Year built

1890

Construction

FRAME

Lot size

0.08 lot acres

Property size

3,712 SF

Property type

Commercial real estate

APN

931150905141

APU

931150905141

Description

This exceptional commercial land opportunity presents a turnkey bar and restaurant operation in the heart of Eldridge, IA. The property encompasses a 2,176 square foot building on a single-tenant lot, zoned C (Commercial), and identified by APN 931150905141. Established in 2014, the business boasts a complete renovation with high-quality equipment, including a dishwasher and ice machine (both approximately two years old), a walk-in cooler, a walk-in freezer, and a keg cooler. The property also features a large back patio with a service window in an attached structure, and cellar doors for convenient deliveries. The current gross lease is $3,500 per month, contingent upon the tenant purchasing the business for $395,000 at lease execution. The lease agreement includes an option for the tenant to purchase the real estate for $750,000. Financial information is available upon request and the execution of a non-disclosure agreement with serious buyers. Showings are by appointment only, limited to early mornings before 8:00 AM or Mondays after 11:00 AM. The owner retains ownership of all equipment except the oil system, bulk CO2, jukebox, and ATM. This is a rare opportunity to acquire a well-established, profitable business with significant growth potential in a desirable location.