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    Independence, IA
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    Independence, IA Restaurants for Sale

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    C-2 Restaurant Building
    Updated: Mar 24
    C-2 Restaurant Building

    1640 1st Street W, Independence, IA 50644

    $225,000
    0.72 AC lot
    2,820‑square‑foot commercial building on a 0.723‑acre parcel
    Two concrete parking areas, each measuring 12,200 square feet
    C‑2 zoning with prior restaurant use
    1.5 miles from Highway 20 at 1640 1st Street W
    Forced‑air heating, natural gas, and central air conditioning
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    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 9 Potential Opportunities for your consideration. Besides 1 Active listings in Independence, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, 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.

    Corner Lot Restaurant Opportunity
    Corner Lot Restaurant Opportunity

    2 S Frederick, Oelwein, IA 50662

    $85,000
    4,141 sqft

    Restaurant space for sale with guest seating, walk-in cooler, and a salad bar setup on a downtown corner lot.

    View details
    Remodeled Restaurant in Oelwein, IA
    Remodeled Restaurant in Oelwein, IA

    114 S Frederick, Oelwein, IA 50662

    $159,900
    1,750 sqft

    Remodeled restaurant with ample parking and recent improvements.

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    Vacant Bar and Storage Property
    Vacant Bar and Storage Property

    328 Elm Street, Waterloo, IA 50703

    Contact for pricing
    780 sqft

    Previously used as a bar and storage site, now vacant and sold as-is for redevelopment or operational reuse.

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    Vacant Bar Property
    Vacant Bar Property

    328 Elm Street, Waterloo, IA 50703

    Contact for pricing
    0.18 AC lot

    M2-zoned commercial property with water availability and public sewer access.

    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-2 Business Park Land
    C-2 Business Park Land

    Swan Lake Blvd., Independence, IA 50644

    $42,500
    0.84 AC lot

    C-2 commercial land positioned within a business park near established institutional, hospitality, retail, and service uses.

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    Business Park Commercial Land
    Business Park Commercial Land

    Swan Lake Blvd., Independence, IA 50644

    $42,500
    0.84 AC lot

    C-2-zoned site with direct access near Highway 20.

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    C-4 Commercial Land
    C-4 Commercial Land

    Tower Terrace Rd lot: 4, Hiawatha, IA 52233

    $567,151
    2.17 AC lot

    C-4-zoned commercial land with city utilities, natural gas, electric service, and high-speed internet available.

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    C-4 Commercial Land
    C-4 Commercial Land

    Tower Terrace Rd lot: 5, Hiawatha, IA 52233

    $378,972
    1.45 AC lot

    Development parcel with municipal utilities, natural gas, electric service, and high-speed internet available.

    View details

    Independence, IA Restaurants Market Trends and Statistics

    Explore 1 restaurants for sale in Independence, IA on our real estate platform.

    Sale prices for restaurant properties in Independence, IA average $225,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Conventional restaurants 1

    Demographics Overview

    Population 8,475
    Population Growth (5Y) -4.2%
    Median Household Income $79,861
    College Educated 32.6%

    Taxes & Financing

    Tax Rate (average for all types) 2.41%
    Property Tax per SF $22.18 per SF
    Tax Rate vs County Average 0.14 pp above county avg
    Average Loan-to-Value 65.0%

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    • 50644

    Featured Independence Real Estate Agencies

    Realmo connects you with licensed Independence CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Ohl Real Estate & Insurance
    115 1st Street E. Independence, IA 50644
    Phone: 13193344329
    www.ohliowarealty.com

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