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    Lake Mills, IA Restaurants for Sale

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    Northwood, IA Forest City, IA Kiester, MN Thompson, IA Walters, MN Glenville, MN Albert Lea, MN Bricelyn, MN
    Brick Restaurant with Apartments
    Updated: Apr 11
    Brick Restaurant with Apartments

    210 W Main Street, Lake Mills, IA 50450

    Contact for pricing
    5,400 sf main‑level restaurant space remodeled in approximately 2002
    Brick building at 210 W Main Street in Lake Mills, Iowa
    Full kitchen with included appliances
    Three upper level apartments
    Multiple dining areas plus a rear entertaining room
    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 14 Potential Opportunities for your consideration. Besides 1 Active listings in Lake Mills, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 8 Off-Market properties to explore as potential leads, plus 1 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.

    Established Restaurant Property
    Established Restaurant Property

    235 State Street, Garner, IA 50438

    $145,000

    Large downtown commercial building with a long history of restaurant and bar use.

    View details
    Three-Storefront Retail Building
    Three-Storefront Retail Building

    405 State Street, Garner, IA 50438

    Contact for pricing
    5,700 sqft

    Corner-lot commercial space includes tables, chairs, and additional furnishings available for negotiation.

    View details
    Multi-Use Retail Office Restaurant
    Multi-Use Retail Office Restaurant

    410 Bridge Avenue, Albert Lea, MN 56007

    Contact for pricing

    Commercial building on Bridge Avenue offers a drive-up window and driveway for flexible retail, office, or restaurant use.

    View details
    Coffee Shop with Lake View
    Coffee Shop with Lake View

    152 Bridge Avenue, Albert Lea, MN 56007

    Contact for pricing

    Food-and-beverage operation with restaurant furnishings, kitchen equipment, and an available franchise option.

    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.

    Interstate Commercial Development Land
    Interstate Commercial Development Land

    21133 775th St, Albert Lea, MN 56007

    $975,000
    6.50 AC lot

    Commercial land with IDD zoning, utility availability, and direct connectivity to Interstate 35 and East Main Street.

    View details

    Off-Market Properties in Lake Mills, IA

    Consider similar Off-Market properties in Lake Mills, 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.

    104 Ml St
    BAR, TAVERN

    104 Ml St, Lake Mills, IA 50450-1304

    $90,000
    Estimated value
    2,080 sqft 0.05 AC lot
    View details
    210 Main St
    RESTAURANT

    210 Main St, Lake Mills, IA 50450-1406

    $155,000
    Estimated value
    7,632 sqft 0.13 AC lot
    View details
    105 Western St
    DRIVE-THRU RESTAURANT, FAST FOOD

    105 Western St, Lake Mills, IA 50450-1331

    $260,000
    Estimated value
    2,560 sqft 0.15 AC lot
    View details
    201 Main St
    RESTAURANT

    201 Main St, Lake Mills, IA 50450-1405

    $220,000
    Estimated value
    2,332 sqft 0.07 AC lot
    View details
    110 Ml St
    BAR, TAVERN

    110 Ml St, Lake Mills, IA 50450-1304

    $205,000
    Estimated value
    3,083 sqft 0.10 AC lot
    View details
    222 Main St
    RESTAURANT

    222 Main St, Lake Mills, IA 50450-1406

    $230,000
    Estimated value
    3,036 sqft 0.03 AC lot
    View details
    224 Main St
    RESTAURANT

    224 Main St, Lake Mills, IA 50450-1406

    $240,000
    Estimated value
    3,560 sqft 0.04 AC lot
    View details
    101 Ml St
    BAR, TAVERN

    101 Ml St, Lake Mills, IA 50450-1303

    $205,000
    Estimated value
    7,200 sqft 0.14 AC lot
    View details

    Lake Mills, IA Restaurants Market Trends and Statistics

    Explore 9 restaurants for sale in Lake Mills, IA on our real estate platform.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Conventional restaurants 1

    Demographics Overview

    Population 3,001
    Population Growth (5Y) +10.9%
    Median Household Income $76,522
    College Educated 23.2%

    Taxes & Financing

    Tax Rate (average for all types) 2.47%
    Property Tax per SF $24.95 per SF
    Tax Rate vs County Average 0.26 pp above county avg
    Average Loan-to-Value 65.0%

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