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    OFF-MARKET
    Bars & Pubs

    513 2nd St, Lohrville, IA 51453-7705

    2,000 SF 0.08 ac lot Built 1917
    Individually Owned 5-yr Hold Absentee Owner Free & Clear
    Property ID
    US25-1272663
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Burd's Bar & Grill Bar & Pub Restaurant
    • Ivy Joe's Bar And Grill Bar & Pub
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Rick Burdine · 5 yrs held
    Rick Burdine
    since 2020
    Last sale
    $31,600
    3 recorded transactions
    2020
    $25,000
    2016
    $40,000
    2012
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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