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    Altoona Restaurant with Redevelopment Potential
    Updated: Jan 11, 2023
    Altoona Restaurant with Redevelopment Potential

    3131 8th St SW, Altoona, IA

    Contact for pricing
    4,760 sqft 0.87 AC lot
    Excellent visibility and access
    Redevelopment and/or conversion potential
    Superior monument and building signage
    Enhanced building design and exterior features
    Existing patio and pick‑up window
    View details
    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 37 Potential Opportunities for your consideration. Besides 1 Active listings in Altoona, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 28 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Drive-Thru Restaurant with Service Window
    Drive-Thru Restaurant with Service Window

    1325 SW Oralabor Rd, Ankeny, IA 50023

    Contact for pricing
    2,127 sqft

    Fully equipped restaurant includes a drive-thru order menu, service window, and interior seating for 48.

    View details
    Turn-Key Drive-Through Restaurant
    Turn-Key Drive-Through Restaurant

    418 S Ankeny Blvd, Ankeny, IA 50023

    Contact for pricing
    5,424 sqft

    Turn-key drive-through building available for sale, with restaurant space also potentially available for lease.

    View details
    Restaurant Building with Equipment
    Restaurant Building with Equipment

    901 E Euclid Ave, Des Moines, IA 50316

    Contact for pricing
    4,250 sqft 0.83 AC lot

    Established restaurant improvements with included equipment, flexible use potential, and on-site parking serving a high-traffic corridor.

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    Mixed-Use Restaurant With Apartment
    Mixed-Use Restaurant With Apartment

    1850 Easton Boulevard, Des Moines, IA 50316

    $190,000
    1,168 sqft

    Restaurant space with food-service equipment and an upstairs residence supported by a current rental certificate.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    C-1 Commercial Land Lot
    C-1 Commercial Land Lot

    1221 Forest Avenue, Des Moines, IA 50314

    Contact for pricing
    0.15 AC lot

    C-1-zoned land parcel with public water and sewer service.

    View details
    Highway Commercial Land
    Highway Commercial Land

    100 Veterans Parkway, West Des Moines, IA 50265

    $510,000
    3.76 AC lot

    SC-zoned parcel with public utilities, roadway access, and Veterans Parkway frontage.

    View details
    Clive Land for Sale
    Clive Land for Sale

    156th & Hickman |, Clive, IA 50325

    $716,900
    1.38 AC lot

    Two commercial pad sites available in Clive, Iowa.

    View details
    Commercial Lot in Growing Huxley
    Commercial Lot in Growing Huxley

    600 S Main Avenue, Huxley, IA 50124

    $287,000
    2.20 AC lot

    Prime commercial lot in Anthem development, Huxley, Iowa.

    View details

    Off-Market Properties in Altoona, IA

    Consider similar Off-Market properties in Altoona, IA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    2639 Adventureland Dr
    DRIVE-THRU RESTAURANT, FAST FOOD

    2639 Adventureland Dr, Altoona, IA 50009-9592

    $300,000
    Estimated value
    2,626 sqft 0.71 AC lot
    View details
    2407 Adventureland Dr
    RESTAURANT

    2407 Adventureland Dr, Altoona, IA 50009-9408

    $2,240,000
    Estimated value
    8,487 sqft 2.14 AC lot
    View details
    736 8th SE St
    DRIVE-THRU RESTAURANT, FAST FOOD

    736 8th SE St, Altoona, IA 50009-1962

    $225,000
    Estimated value
    2,214 sqft 1.03 AC lot
    View details
    2951 Adventureland Dr
    RESTAURANT

    2951 Adventureland Dr, Altoona, IA 50009-9509

    $735,000
    Estimated value
    7,460 sqft 1.22 AC lot
    View details
    3831 8th SW St
    DRIVE-THRU RESTAURANT, FAST FOOD

    3831 8th SW St, Altoona, IA 50009-1014

    $1,005,000
    Estimated value
    2,630 sqft 0.76 AC lot
    View details
    3410 8th SW St
    RESTAURANT

    3410 8th SW St, Altoona, IA 50009-1024

    $2,020,000
    Estimated value
    4,772 sqft 1.28 AC lot
    View details
    465 Ctr SW Pl
    RESTAURANT

    465 Ctr SW Pl, Altoona, IA 50009-2586

    $1,485,000
    Estimated value
    4,514 sqft 0.72 AC lot
    View details
    500 Bass Pro Dr
    RESTAURANT

    500 Bass Pro Dr, Altoona, IA 50009-7601

    $655,000
    Estimated value
    10,487 sqft 2.34 AC lot
    View details
    400 56th St
    RESTAURANT

    400 56th St, Altoona, IA 50009

    $385,000
    Estimated value
    8,759 sqft 1.30 AC lot
    View details
    2951 Adventureland Dr
    DRIVE-THRU RESTAURANT, FAST FOOD

    2951 Adventureland Dr, Altoona, IA 50009-9509

    $635,000
    Estimated value
    4,947 sqft 1.74 AC lot
    View details
    3221 Adventureland Dr
    RESTAURANT

    3221 Adventureland Dr, Altoona, IA 50009-9571

    $285,000
    Estimated value
    4,825 sqft 0.63 AC lot
    View details
    2601 Adventureland Dr
    RESTAURANT

    2601 Adventureland Dr, Altoona, IA 50009-9592

    $325,000
    Estimated value
    5,532 sqft 1.53 AC lot
    View details
    209 8th SW St
    DRIVE-THRU RESTAURANT, FAST FOOD

    209 8th SW St, Altoona, IA 50009-1761

    $265,000
    Estimated value
    2,154 sqft 0.23 AC lot
    View details
    2621 Adventureland Dr
    RESTAURANT

    2621 Adventureland Dr, Altoona, IA 50009-9592

    $285,000
    Estimated value
    5,213 sqft 2.08 AC lot
    View details
    3741 8th SW St
    RESTAURANT

    3741 8th SW St, Altoona, IA 50009-1016

    $305,000
    Estimated value
    5,148 sqft 1.09 AC lot
    View details
    3300 Adventureland Dr
    DRIVE-THRU RESTAURANT, FAST FOOD

    3300 Adventureland Dr, Altoona, IA 50009-9593

    $380,000
    Estimated value
    3,529 sqft 1.45 AC lot
    View details
    2501 Adventureland Dr
    DRIVE-THRU RESTAURANT, FAST FOOD

    2501 Adventureland Dr, Altoona, IA 50009-9494

    $305,000
    Estimated value
    2,291 sqft 0.90 AC lot
    View details
    3553 8th SW St
    DRIVE-THRU RESTAURANT, FAST FOOD

    3553 8th SW St, Altoona, IA 50009-1012

    $340,000
    Estimated value
    3,199 sqft 1.02 AC lot
    View details
    3640 8th SW St
    DRIVE-THRU RESTAURANT, FAST FOOD

    3640 8th SW St, Altoona, IA 50009-1029

    $320,000
    Estimated value
    2,484 sqft 1.47 AC lot
    View details
    3530 8th SW St
    DRIVE-THRU RESTAURANT, FAST FOOD

    3530 8th SW St, Altoona, IA 50009-1017

    $330,000
    Estimated value
    3,159 sqft 0.97 AC lot
    View details
    3734 8th SW St
    DRIVE-THRU RESTAURANT, FAST FOOD

    3734 8th SW St, Altoona, IA 50009-1013

    $390,000
    Estimated value
    3,884 sqft 1.20 AC lot
    View details
    3131 8th SW St
    RESTAURANT

    3131 8th SW St, Altoona, IA 50009-1032

    $305,000
    Estimated value
    4,760 sqft 0.86 AC lot
    View details
    2535 Adventureland Dr
    DRIVE-THRU RESTAURANT, FAST FOOD

    2535 Adventureland Dr, Altoona, IA 50009-9494

    $360,000
    Estimated value
    4,522 sqft 1.44 AC lot
    View details

    Altoona, IA Restaurants Market Trends and Statistics

    Explore 29 restaurants for sale in Altoona, IA on our real estate platform. These investment opportunities span a total of 4,760 square feet of properties for sale.

    List
    Map

    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Drive through restaurants 2
    Conventional restaurants 1

    Demographics Overview

    Population 22K
    Population Growth (5Y) +12.4%
    Median Household Income $90,393
    College Educated 41.8%

    Taxes & Financing

    Tax Rate (average for all types) 1.08%
    Property Tax per SF $36.39 per SF
    Tax Rate vs County Average 1.34 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Polk County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Polk County

    Residential Income

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