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Property profile & analytics
FOR SALE
Turn key restaurants

604 W 7Th St Atlantic, IA 50022

1,848 SF 0.32 ac lot Built 1963
Individually Owned Absentee Owner Free & Clear
Property ID
US25-0605292
Property summary
AI-generated overview

This exceptional 1,992 square foot commercial building presents a fantastic turnkey business opportunity in Atlantic, Iowa. Strategically located on a major highway, this property boasts high visibility and convenient access. The interior features a spacious dining area with seating for 48 patrons, complemented by outdoor deck seating for pleasant weather dining. Recent significant upgrades enhance this property's value and functionality. These improvements include a completely remodeled restroom (recent year unspecified), new heating and air conditioning units (2020), and a newly installed mini-split system (2020). The parking lot received a fresh asphalt overlay in 2021, ensuring smooth and safe parking for customers and staff. Further enhancing the property's infrastructure, a new sewer line was installed connecting the building to the street in 2022. Finally, the electrical system received a comprehensive upgrade with new underground wiring to the building and a new electrical box installed alongside the existing one in 2023/2024. This meticulously maintained building sits on a 0.32-acre lot and is priced at $200,000. A comprehensive list of included equipment and furnishings is available upon request. This is a rare opportunity to acquire a well-maintained, updated commercial property in a prime location. Don't miss out!

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1963
Total area 1,848 SF
Lot 0.32 ac (14,000 SF)
APN 300006435001000
UPID US25-0605292
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
DIANE M EBLEN
DIANE M EBLEN
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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