815 Congress St Nora Springs, IA 50458-7746
Prime opportunity to acquire a well-established restaurant and bar in Nora Springs, Iowa. This turnkey sale includes a 3,616 square foot building situated on a sizable lot at 815 W Congress St, 50458, Floyd County. The property boasts a full-service kitchen and bar, ample parking, and is equipped with all necessary equipment and fixtures (excluding some leased machines). Inventory and supplies are also included in the sale price of $165,000. The business benefits from a loyal customer base and is in excellent condition. An adjacent parcel is available for separate purchase, offering additional parking or development potential. This presents a unique chance to own a profitable, established business with significant upside. The property is zoned for commercial use and is ready for immediate operation. This is a rare opportunity to step into a thriving business with existing infrastructure and a strong foundation for continued success.
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Maritz's E-Keg Bar & Pub Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
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.