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    Mount Vernon, IA
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    Mount Vernon, IA Restaurants for Sale

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    Lisbon, IA Cedar Rapids, IA Ely, IA Solon, IA Springville, IA Mechanicsville, IA Marion, IA Tipton, IA
    Historic Downtown Mixed-Use Building
    Updated: Jul 21
    Historic Downtown Mixed-Use Building

    217 1st St Nw, Mount Vernon, IA 52314

    $595,000
    4,361 sqft
    4,361‑square‑foot former fire station in downtown Mount Vernon
    Brewery and restaurant concept previously designed and approved by the City
    Architectural plans and renderings available to qualified buyers under NDA
    Dedicated off‑street parking included
    Outdoor patio space opportunity
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    This listing looks promising.

    Here's a quick look at some key insights for

    217 1st St Nw, Mount Vernon, IA

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    • Est. Cap Rate

      7.4%
      Above avg (5.9%)

    • Est. NOI

      $44K
      Annual

    • Price @ 7% Cap

      $631K
      Above asking

    • Property Type

      Emergency
      Built 1975
    View Property Analytics
    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 1 Active listings in Mount Vernon, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 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.

    Leased Restaurant Condo with Kitchen
    Leased Restaurant Condo with Kitchen

    796 11th St, Marion, IA 52302

    $725,000
    7,619 sqft

    Fully leased restaurant condo includes a catering-size kitchen, plus garage and basement space across three parcels.

    View details
    Drive-Through Restaurant Business Sale
    Drive-Through Restaurant Business Sale

    101 Windflower Ln, Solon, IA 52333

    $75,000
    1,517 sqft

    Restaurant business and equipment for sale with a drive-through window, offered as a lease-assumption business opportunity.

    View details
    Drive-Through Restaurant Business
    Drive-Through Restaurant Business

    101 Windflower Ln, Solon, IA 52333

    $75,000
    0.03 AC lot

    Business sale includes restaurant equipment and an assumable lease for the existing shopping center space.

    View details
    Restaurant Kitchen Lease Space
    Restaurant Kitchen Lease Space

    2020 7th Avenue, Marion, IA 52302

    Contact for pricing
    515 sqft

    Kitchen space for lease includes equipment, a 16' hood vent, and walk-in cooler and freezer.

    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.

    Commercial Land with Mixed-Use Zoning
    Commercial Land with Mixed-Use Zoning

    1406 Adair Court SW lot: 3, Cedar Rapids, IA 52404

    $364,815
    1.34 AC lot

    ILI zoning is identified for retail, office, industrial, restaurant, and business-suite uses.

    View details
    Commercial Land with ILI Zoning
    Commercial Land with ILI Zoning

    1410 Adair Court SW lot: 2, Cedar Rapids, IA 52404

    $334,868
    1.23 AC lot

    1.23-acre development site near Eastern Iowa Airport with zoning supporting varied commercial uses.

    View details
    C-4 Commercial Development Lot
    C-4 Commercial Development Lot

    Kacena Rd lot: 15, Hiawatha, IA 52233

    $428,304
    2.07 AC lot

    Commercial land with preliminary plat, utility access, and entry from Kacena or Anchor Roads.

    View details
    C-4 Commercial Land
    C-4 Commercial Land

    Stamy Rd lot: 2, Hiawatha, IA 52233

    $470,448
    2.16 AC lot

    C-4 zoning is paired with city water and sewer, natural gas, electric service, and high-speed internet.

    View details

    Off-Market Properties in Mount Vernon, IA

    Consider similar Off-Market properties in Mount Vernon, 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.

    100 1st SE St
    RESTAURANT

    100 1st SE St, Mount Vernon, IA 52314-1421

    $230,000
    Estimated value
    1,864 sqft 0.06 AC lot
    View details
    102 Hwy 1st S
    DRIVE-THRU RESTAURANT, FAST FOOD

    102 Hwy 1st S, Mount Vernon, IA 52314-1580

    $460,000
    Estimated value
    3,620 sqft 1.66 AC lot
    View details

    Mount Vernon, IA Restaurants Market Trends and Statistics

    Explore 3 restaurants for sale in Mount Vernon, IA on our real estate platform. These investment opportunities span a total of 4,361 square feet of properties for sale, with an estimated market value of $595,000.

    Sale prices for restaurant properties in Mount Vernon, IA average $595,000 — 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 6,048
    Population Growth (5Y) -1.2%
    Median Household Income $106,667
    College Educated 61.4%

    Taxes & Financing

    Tax Rate (average for all types) 2.35%
    Property Tax per SF $28.66 per SF
    Tax Rate vs County Average 0.65 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Linn County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

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

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