Property profile

266 Main St Lansing, IA 52151

OFF-MARKET
Bars & Pubs
Property ID
US25-1173960
1,610 SF 0.03 ac lot Built 1916
Individually Owned 5-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This 1,210 square foot mixed-use storefront property at 266 Main Street, Lansing, Iowa, 52151 is available for $195,000. Currently vacant, this Class C building offers a unique opportunity. Previously operating as a successful short-term rental and banquet hall, "The Little Nashville," it boasts a proven track record and existing bookings. The property's location in the charming river town of Lansing, Allamakee County, provides access to both local and tourist markets. The turnkey nature of the business allows for immediate operation or expansion of existing services. The property's versatility allows for various uses, making it an attractive investment in Northeast Iowa's vibrant tourism sector. The building's 1,210 square feet provide ample space for a variety of commercial ventures. This is a rare chance to acquire a profitable, established business in a desirable location. The property is ready for a new owner to capitalize on its potential. Serious inquiries are encouraged.

Property profile

Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Year built 1916
Total area 1,610 SF
Lot 0.03 ac (1,200 SF)
APN 829426028
UPID US25-1173960

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

266 Main St Lansing, IA 52151
Lansing metro Census 960100
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$230k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$230k

Owner & transaction history

since 2021
1 recorded transaction
2021
$75,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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