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Property profile & analytics
OFF-MARKET
Turn key restaurants

411 Main St Lost Nation, IA 52254-9696

4,587 SF 0.09 ac lot Built 1900
Entity Owned Free & Clear
Property ID
US25-1303559
Property summary
AI-generated overview

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
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1900
Total area 4,587 SF
Lot 0.09 ac (3,960 SF)
APN 5001470000
UPID US25-1303559
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
Current use
Occupant on record · Public records
  • The Pub Club Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
VMCG PROPERTIES LLC
VMCG PROPERTIES LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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