604 W 7Th St Atlantic, IA 50022
For Sale
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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!
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.