For Lease
$19.30/SF/YR

239 2Nd St Eldridge, IA 52748

Thriving Bar & Restaurant, Prime Location

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional commercial land opportunity presents a turnkey bar and restaurant operation in the heart of Eldridge, IA. The property encompasses a 2,176 square foot building on a single-tenant lot, zoned C (Commercial), and identified by APN 931150905141. Established in 2014, the business boasts a complete renovation with high-quality equipment, including a dishwasher and ice machine (both approximately two years old), a walk-in cooler, a walk-in freezer, and a keg cooler. The property also features a large back patio with a service window in an attached structure, and cellar doors for convenient deliveries. The current gross lease is $3,500 per month, contingent upon the tenant purchasing the business for $395,000 at lease execution. The lease agreement includes an option for the tenant to purchase the real estate for $750,000. Financial information is available upon request and the execution of a non-disclosure agreement with serious buyers. Showings are by appointment only, limited to early mornings before 8:00 AM or Mondays after 11:00 AM. The owner retains ownership of all equipment except the oil system, bulk CO2, jukebox, and ATM. This is a rare opportunity to acquire a well-established, profitable business with significant growth potential in a desirable location.

Highlights

  • Land zoned C, APN 931150905141.
  • Single-tenant commercial property.
  • 2,176 square foot building.
  • Includes a bar and restaurant with a large back patio and service building.
  • Gross lease of $3,500/month with business purchase option for $395,000 and real estate purchase option for $750,000.

Property Details for 239 2Nd St

Property type
Land
RSF (Rentable sq. ft)
2,176 SF
Buildings
1

Unit(s) available at that property

Space
Size
2,176 SF
Rate per SF
$19.30

Location Insight

City
Eldridge
County
Scott
State
Iowa
Latitude
41.657161
Longitude
-90.5842553

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FAQs

What type of property is this?
Land - Thriving Bar & Restaurant, Prime Location
Where is the land located?
The property is located at 239 2Nd St Eldridge, IA.
What is the lease rate?
The lease rate is $19.30/SF/YR.
What are key features of this property?
This property features: Land zoned C, APN 931150905141.; Single-tenant commercial property.; 2,176 square foot building.
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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Contacts

Megan Pieper
Megan Pieper
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2Nd St
Eldridge, IA 52748

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2Nd St
Eldridge, IA 52748

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

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239 2Nd St
  • Megan Pieper
    Megan Pieper
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