For Sale
$750,000

909 State St Grinnell, IA 50112

Profitable Turnkey Business, Great Location

Overview

Added:
Feb 3
Days on market:
78
This exceptional Grinnell, IA property presents a unique investment opportunity encompassing a thriving family restaurant and a bustling bar, all within a single, spacious 10,114 square foot building situated on a 0.28-acre lot at 909 State Street. The restaurant, currently operating under a lease agreement, generates consistent income with its diverse menu and ample seating capacity. The kitchen is generously sized and well-equipped to handle the demands of a busy establishment. Both the restaurant and bar boast a distinctive rustic dГ©cor, creating a welcoming and inviting atmosphere. The bar area features extensive seating, including unique spool tables, and offers a variety of entertainment options such as TVs, gaming machines, darts, a piano, and pool tables, along with a jukebox. A full kitchen within the bar area allows for the convenient service of sandwiches and appetizers. A significant 36.4 x 84.6 foot storage area provides ample space for expansion or inventory. The seller is offering a compelling incentive of $40,000 in working capital to a qualified buyer at closing. This turnkey operation presents a rare chance to acquire a well-established and profitable business with significant income potential. The asking price is $750,000. This is a truly exceptional opportunity for a savvy investor seeking a high-return venture in a vibrant community.

Property Details for 909 State St

Property type
Commercial real estate
Square Feet
10,114 SF
Lot Size (sq. ft)
12,197 SF

Location Insight

City
Grinnell
County
Poweshiek
State
Iowa
Latitude
41.74358
Longitude
-92.72121

FAQs

What type of property is this?
Commercial real estate - Profitable Turnkey Business, Great Location
Where is the commercial real estate located?
The property is located at 909 State St Grinnell, IA.
What is the asking price?
The asking price for this property is $750,000.
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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909 State St
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