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Property profile & analytics
FOR SALE
Turn key restaurants

905 S Washington St Bloomfield, IA 52537

4,780 SF 4.18 ac lot Built 1978
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US25-2170519
Property summary
AI-generated overview

This exceptional turnkey opportunity presents a thriving, well-established restaurant located at 905 S Washington Street in Bloomfield, Iowa. The property boasts a prime location and a strong reputation built on consistent quality food and service, attracting a loyal customer base. The restaurant itself comfortably seats 90 patrons, offering a diverse menu designed to appeal to a wide range of tastes. The fully equipped kitchen is ready for immediate operation, requiring no significant upgrades or renovations. A significant advantage is the inclusion of a spacious banquet room, capable of accommodating up to 140 people. This versatile space is ideal for hosting a variety of events, from corporate meetings and business functions to family gatherings and private parties, significantly expanding revenue potential. The asking price for this established and successful restaurant is $549,000. This represents a rare chance to acquire a profitable, turnkey operation with significant growth potential in a desirable location. The property is offered as a general commercial listing and sits on a lot with zero acres. The square footage of the building is not specified. This is an exceptional opportunity for a seasoned restaurateur or an ambitious entrepreneur seeking a proven business model.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1978
Total area 4,780 SF
Lot 4.18 ac (182,081 SF)
APN 1002180
UPID US25-2170519
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
  • Southfork Motel and Grill Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.00M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.00M
Owner & transaction history
Ko&k LLC · 2 yrs held
Ko&k LLC
since 2024
Last sale
$1.0M
2 recorded transactions
2024
$1.0M
2023
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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