Property summary
This exceptional investment opportunity presents a well-established restaurant and event venue in the heart of Lost Nation, Iowa. The property boasts three buildings totaling significant square footage, ideal for diverse uses. The main building features two fully stocked bar rooms, a large formal dining area, and a spacious main bar area, all adding up to approximately 1800 square feet of patron space. Additionally, there are two large reception halls; one is 2440 square feet and the other is 2040 square feet, providing ample space for events and gatherings with a combined seating capacity exceeding 400. Beyond the main commercial space, the property includes a fully functional upstairs apartment with laundry hookups, and a second apartment nearing completion. The property is situated at 411 MAIN Street, Lost Nation, IA 52254, offering a prime location in the downtown area. This established business has a long history of success, making it an attractive proposition for a buyer seeking a turnkey operation with significant potential for growth and expansion. The asking price is $259,900. This is a rare chance to acquire a thriving business with substantial existing infrastructure and significant future possibilities. The property's size and versatility make it suitable for a variety of uses, from expanding the existing restaurant and event business to exploring other commercial ventures.
Property profile
VerifiedCap rate & NOI
Current use
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Bar & Pub Restaurant
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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