909 State St Grinnell, IA 50112

Property Details for 909 State St

Year built

1900

Construction

FRAME

Lot size

0.28 lot acres

Property size

10,040 SF

Property type

Turn key restaurants

APN

607100

APU

607100

Description

This exceptional Grinnell, IA property presents a unique investment opportunity encompassing a thriving family restaurant and a bustling bar, all within a single, spacious 10,114 square foot building situated on a 0.28-acre lot at 909 State Street. The restaurant, currently operating under a lease agreement, generates consistent income with its diverse menu and ample seating capacity. The kitchen is generously sized and well-equipped to handle the demands of a busy establishment. Both the restaurant and bar boast a distinctive rustic dГ©cor, creating a welcoming and inviting atmosphere. The bar area features extensive seating, including unique spool tables, and offers a variety of entertainment options such as TVs, gaming machines, darts, a piano, and pool tables, along with a jukebox. A full kitchen within the bar area allows for the convenient service of sandwiches and appetizers. A significant 36.4 x 84.6 foot storage area provides ample space for expansion or inventory. The seller is offering a compelling incentive of $40,000 in working capital to a qualified buyer at closing. This turnkey operation presents a rare chance to acquire a well-established and profitable business with significant income potential. The asking price is $750,000. This is a truly exceptional opportunity for a savvy investor seeking a high-return venture in a vibrant community.

Location Insight

City

Grinnell

County

Poweshiek

State

Iowa

Longitude

-92.7212

Latitude

41.7435

Property Tax & Assessments