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Property profile & analytics
FOR SALE
Turn key restaurants

3 N Main St Alta, IA 51002

2,905 SF 0.17 ac lot Built 1911
Individually Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US25-0106845
Property summary
AI-generated overview

This unique commercial property, located at 3 N. Main Street in Alta, Iowa (zip code 51002), presents a remarkable investment opportunity. The building, formerly a railroad depot, boasts a substantial 2,905 square feet of space, ideally suited for a restaurant or similar special purpose business. The property sits on a 7,588 square foot lot. The interior features a large front dining room, a second dining area housed within the original railroad dining car offering views of the CN Railway line, and a bar strategically positioned between the two dining spaces. Architectural details include a striking tin ceiling and access to end platforms. The property includes a significant amount of existing restaurant equipment (a detailed list is available upon request). This turn-key operation is ready for immediate occupancy. The seller is open to considering contract sales. This is a rare opportunity to acquire a well-established commercial property in a desirable location with significant historical character. The property is zoned for commercial use.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1911
Construction FRAME
Total area 2,905 SF
Lot 0.17 ac (7,587 SF)
APN 09-26-128-011
UPID US25-0106845
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Tiffany Crum · 4 yrs held
Tiffany Crum
since 2021
Last sale
$156,500
2 recorded transactions
2021
$156,500
2012
$26,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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