408 Main St Silver City, IA 51571
This exceptional investment opportunity presents a thriving restaurant and bar in Mineola, Iowa, a charming town just a 15-minute scenic drive from the Omaha/Council Bluffs metro area. The property, known as Tobey Jacks, boasts 4,827 square feet of space across two buildings, currently operating at 100% occupancy. Priced at $590,000 ($122.23/sq ft), this owner-user opportunity includes all equipment and inventory (a detailed list is available). The sale encompasses multiple parcels, providing ample parking and a garage. Strategically located along the Wabash Trace Nature Trail, Tobey Jacks is renowned for its popular "Thursday Taco Ride," attracting a loyal customer base. The property is zoned for commercial use and presents a turnkey operation ready for immediate income generation. This established business benefits from its prime location and strong community ties, making it an attractive investment for those seeking a profitable and well-established venture. The property's convenient access to the Omaha/Council Bluffs metro area further enhances its appeal to a wider customer base. This is a rare opportunity to acquire a successful, established business with significant growth potential.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.