324 Van Buren St Wapello, IA 52653-1284
This exceptional investment opportunity presents a thriving downtown Wapello coffee shop, a beloved local favorite, complete with two income-generating rental units situated above. The property is ideally located in the heart of Wapello's vibrant downtown area, ensuring high visibility and consistent foot traffic. This turnkey business offers immediate revenue potential, eliminating the need for extensive setup or renovations. The coffee shop's established customer base and strong community presence provide a solid foundation for continued success. The two upstairs rental units generate additional income streams, enhancing the overall return on investment. The property sits on a 0.04-acre lot, providing ample space for outdoor seating or potential expansion. This is a rare chance to acquire a profitable, established business with significant upside potential in a desirable location. The sale includes all existing equipment and fixtures, making this a truly seamless transition for the new owner. Financial records are available upon request to qualified buyers. Don't miss this unique opportunity to own a piece of Wapello's thriving downtown community. Serious inquiries only.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.