For Sale
$106,000

41 Gillet St Preston, IA 52069

Historic Restaurant & Banquet Hall

Overview

Added:
Feb 3
Days on market:
79
This exceptional Preston, IA commercial property, encompassing 7,120 square feet on a 0.12-acre lot, presents a unique investment opportunity. The property, formerly the beloved Hometown Restaurant, boasts a rich history and significant potential. The main building features a spacious restaurant and bar area, approximately 2,900 square feet, ideal for dining and socializing. A separate 900-square-foot banquet hall provides ample space for events and gatherings, adding to the property's versatility. In addition to the established restaurant and banquet areas, there is also flexible retail space suitable for a variety of business ventures. Practical storage solutions are included, featuring a walk-in freezer and cooler, ensuring efficient operations. Most of the existing restaurant equipment is included in the sale, offering a significant advantage for a new owner. The property is being sold in its current "as-is" condition, allowing for customization and the implementation of new ideas. Priced at $106,000, this property offers a compelling blend of history, established infrastructure, and significant upside potential for a discerning buyer. The location in Preston, IA provides access to a loyal customer base and opportunities for growth. This is a rare chance to acquire a well-established property with a proven track record and the flexibility to adapt to future business needs.

Property Details for 41 Gillet St

Property type
Commercial real estate
Square Feet
7,120 SF
Lot Size (sq. ft)
5,227 SF

Location Insight

City
Preston
County
Jackson
State
Iowa
Latitude
42.05025
Longitude
-90.39471

FAQs

What type of property is this?
Commercial real estate - Historic Restaurant & Banquet Hall
Where is the commercial real estate located?
The property is located at 41 Gillet St Preston, IA.
What is the asking price?
The asking price for this property is $106,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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41 Gillet St
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