240 Ctr St, Elgin, IA 52141-9334
- Turn key restaurants
- 7,480 SF
- 0.10 lot acres
Current Use by Public Records
- Valley Community Coalition / Medical Clinic
Property Details for 240 Ctr St
- Year built
- 1945
- Construction
- CONCRETE
- Lot size
- 0.10 lot acres
- Property type
- Turn key restaurants
- APN
- 814277024
- APU
- 814277024
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Apr 30, 2021 | $42,000 | Heather Messler | Ellison Real Estate LLC | Warranty Deed | — |
| Mar 15, 2018 | $113,125 | Ellison Real Estate LLC | Danielle R Dotzenrod | Warranty Deed | — |
| Mar 15, 2018 | — | Ellison Real Estate LLC | — | Deed · related | $90k · Waukon State Bank |
Description
This exceptional commercial property, located at 240 Center Street in Elgin, Iowa, presents a unique investment opportunity. Situated in the picturesque town known as "Little Switzerland," this building enjoys a prime location near the Turkey River and Gilbertson's campground, ensuring high visibility and foot traffic. The property's history as the former Dotzy's restaurant adds to its charm, featuring a distinctive penny mosaic floor and a legacy as a recipient of the 2019 Iowa Cattleman's Top 10 Burger award. The building offers significant income potential with two existing apartments: a two-bedroom unit and a one-bedroom unit, both located at the rear of the first floor and currently generating rental income. Significant improvements have been made to the property, including a new TPO membrane roof installed in 2021, updated kitchen flooring, and the complete restoration of the second story to create usable space. The building encompasses 4,892 square feet and sits on a 0.1-acre lot. This property is ideal for a variety of commercial uses and offers a compelling blend of history, income generation, and recent renovations. The asking price is $150,000.
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Location Insight
- Map
- Local Demand
- City
- Elgin
- County
- Fayette
- State
- Iowa
- Longitude
- -91.6302
- Latitude
- 42.9576
