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Property profile

513 2nd St Lohrville, IA 51453

OFF-MARKET
Bars & Pubs
Property ID
US25-1272663
View Sample
2,000 SF 0.08 ac lot Built 1917
Individually Owned 5-yr Hold Absentee Owner Free & Clear

Property summary

AI-generated overview

This exceptional turnkey business opportunity presents itself in the form of Burd's Bar, a well-established and popular establishment located at 513 2nd Street, Lohrville, IA. Boasting 2,000 square feet of space situated on a 0.08-acre lot, this property offers a thriving business with a loyal local clientele. Burd's Bar is known for its relaxed atmosphere and its reputation as a community hub, frequently featuring live music. The sale includes everything needed to immediately begin operations, making this an ideal acquisition for a hands-on owner seeking a pre-existing, successful business. The asking price for this profitable venture is $99,000. This represents a unique chance to own a well-regarded business in a desirable location, ready for immediate income generation. The property's size and established customer base provide a solid foundation for continued success and growth. The current setup is designed for efficiency and ease of operation, minimizing the need for significant initial investment beyond the purchase price. This is a rare opportunity to step into a thriving business with minimal start-up costs and immediate revenue potential. Don't miss out on this chance to own a piece of Lohrville's vibrant community.

Property profile

Verified
Property type Bars & Pubs
Use group NIGHTCLUB (COCKTAIL LOUNGE)
Year built 1917
Total area 2,000 SF
Lot 0.08 ac (3,267 SF)
APN 863211355004
UPID US25-1272663

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
  • Bar & Pub Restaurant
  • Bar & Pub

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$55k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$55k

Owner & transaction history

since 2020
Last sale
$31,600
3 recorded transactions
2020
$25,000
2016
$40,000
2012
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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