Restaurants

Independence, IA Restaurants for Sale

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Quasqueton, IA Jesup, IA Hazleton, IA Stanley, IA Winthrop, IA Fairbank, IA Aurora, IA Oelwein, IA
C-2 Restaurant Building
Updated: Mar 24
C-2 Restaurant Building

1640 1st Street W, Independence, IA 50644

$215,000
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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C-2 Storefront with Parking
Updated: Oct 28
C-2 Storefront with Parking

1640 1st Street West, Independence, IA 50644

$215,000
2,820‑square‑foot storefront built in 1976
C‑2 zoning
Two concrete parking lots, each measuring 12,200 square feet
1.5 miles from Highway 20
Most recently housed a restaurant
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Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 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.

Downtown Waterloo Bar/Entertainment Space
Downtown Waterloo Bar/Entertainment Space

303 W 4th Street, Waterloo, IA 50701

Contact for pricing
1,797 sqft

High-visibility bar and entertainment space in revitalized downtown Waterloo.

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Drive-Through Restaurant Building
Drive-Through Restaurant Building

805 Franklin St, Waterloo, IA 50703

$935,000

Freestanding restaurant property with dedicated drive-through service, abundant parking, and prominent pylon signage.

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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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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.

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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: 5, Hiawatha, IA 52233

$378,972
1.45 AC lot

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

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Commercial Development Land
Commercial Development Land

Tower Terrace Rd lot: 4, Hiawatha, IA 52233

$493,970
1.89 AC lot

C-4-zoned commercial land with city utilities and access from Stamy Drive.

View details

Independence, IA Restaurants Market Trends and Statistics

Explore 2 restaurants for sale in Independence, IA on our real estate platform.

Sale prices for restaurant properties in Independence, IA average $215,000 — 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 2

Demographics Overview

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

High-Yield Neighborhoods for Investment

Identify Independence submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
50644 $215K

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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