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    Sully, IA Restaurants for Sale

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    Turnkey Café with Apartment
    Updated: Oct 13, 2025
    Turnkey Café with Apartment

    616 4th St, Sully, IA 50251

    $395,900
    2,500 sqft
    Fully updated 2,500+ SF cafe/restaurant building with patio space and rear garage/parking.
    Extensive upgrades completed 2023‑2025, including a new fire suppression system, updated electrical and plumbing.
    New commercial kitchen equipment including fryers, ovens, refrigeration, sinks, and more.
    Remodeled 2‑bedroom apartment above the cafe for owner‑occupancy or rental income.
    Recent improvements include new cement, signage, gutters, locks, and flooring.
    View details

    This listing looks promising.

    Here's a quick look at some key insights for

    616 4th St, Sully, IA

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    • Est. Cap Rate

      8.3%
      Above avg (5.9%)

    • Est. NOI

      $33K
      Annual

    • Price @ 7% Cap

      $471K
      Above asking

    • Property Type

      Restaurant
      Built 1970
    View Property Analytics
    Updated Coffee Shop With Apartment
    Updated: Oct 13, 2025
    Updated Coffee Shop With Apartment

    616 4th Street, Sully, IA 50251

    $395,900
    0.07 AC lot
    2,500+ sq ft coffee shop and restaurant building
    Renovations and system upgrades completed from 2023‑2025
    Remodeled two‑bedroom apartment above the commercial space
    Commercial kitchen with fryers, ovens, refrigeration, and sinks
    Patio plus rear garage/parking area
    View details
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Sully, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 Off-Market properties to explore as potential leads, plus 2 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.

    Mixed-Use Commercial Building
    Mixed-Use Commercial Building

    114 N 2nd Ave W, Newton, IA 50208

    $150,000
    5,808 sqft

    Two floors of commercial space with basement storage, with a second-floor apartment or studio possibility.

    View details
    Sports Bar with Party Hall
    Sports Bar with Party Hall

    6232 Highway S74 S, Newton, IA 50208

    $798,000
    13.41 AC lot

    Established commercial property combines a full kitchen, event space, recreational amenities, and a studio apartment.

    View details
    Owner-Operated Bar and Multifamily Package
    Owner-Operated Bar and Multifamily Package

    717 & 721 4th Avenue, Grinnell, IA 50112

    $350,000
    0.18 AC lot

    Two downtown Grinnell buildings are offered together, including an owner-operated bar and two occupied 2-bed apartments.

    View details
    Single-Level Bar and Restaurant
    Single-Level Bar and Restaurant

    909 State Street, Grinnell, IA 50112

    $575,000
    10,114 sqft

    Combined dining and bar facility with extensive seating, full kitchen areas, and an outdoor gathering space.

    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.

    Grinnell Development Land For Sale
    Grinnell Development Land For Sale

    500 Lang Creek Avenue, Grinnell, IA 50112

    $802,593
    3.35 AC lot

    Prime commercial land with high visibility and traffic volume.

    View details
    Prime Development Land on Highway
    Prime Development Land on Highway

    Parcel #1014300003, Oskaloosa, IA 52577

    $3,800,000
    21.53 AC lot

    21.53 acre commercial development parcel with high visibility.

    View details

    Off-Market Properties in Sully, IA

    Consider similar Off-Market properties in Sully, 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.

    616 4th St
    RESTAURANT

    616 4th St, Sully, IA 50251-7707

    $155,000
    Estimated value
    1,144 sqft 0.07 AC lot
    View details
    614 4th St
    RESTAURANT

    614 4th St, Sully, IA 50251

    $185,000
    Estimated value
    2,024 sqft 0.07 AC lot
    View details

    Sully, IA Restaurants Market Trends and Statistics

    Explore 4 restaurants for sale in Sully, IA on our real estate platform. These investment opportunities span a total of 2,500 square feet of properties for sale, with an estimated market value of $791,800.

    Sale prices for restaurant properties in Sully, IA average $395,900 — 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

    Coffee shops 2
    Conventional restaurants 1

    Demographics Overview

    Population 1,481
    Population Growth (5Y) +3.9%
    Median Household Income $95,417
    College Educated 26.4%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    50251 $395.9K

    Taxes & Financing

    Tax Rate (average for all types) 1.97%
    Property Tax per SF $23.93 per SF
    Tax Rate vs County Average 0.84 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Jasper County

    New Delisted

    Total CRE Inventory on Market (SF)

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