Technical
Financial
Distress signals
Property profile

407 2nd St Ida Grove, IA 51445

OFF-MARKET
Turn key restaurants
Property ID
US25-1528228
3,408 SF 0.06 ac lot Built 1900
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

A mixed-use property in Ida Grove, Iowa, comprising a former restaurant space on the main level and a two-bedroom apartment on the upper level. The restaurant area was previously configured to seat up to 60 people, including bar seating, and includes a built-in bar, a 10-foot hood system, produce sink, hand sink, men’s and women’s restrooms, a waitress station, and a storage area. The upper-level apartment includes a laundry area and is equipped with a refrigerator, dishwasher, stove, washer, and dryer. An older detached garage out back provides additional storage. The property is situated on a 0.06-acre lot and is arranged to support mixed-use or business-related use depending on configuration and local requirements.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1900
Construction BRICK
Total area 3,408 SF
Lot 0.06 ac (2,483 SF)
APN 18080604
UPID US25-1528228

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Restaurant

Location

407 2nd St Ida Grove, IA 51445-1302
Ida Grove metro Census 90300
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

since 2022
2 recorded transactions
2022
Price N/A
2016
Price N/A

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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