For Sale
$275,000

309 Cedar St Wilton, IA 52778

Established bar with income-producing apartments.

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity encompasses two buildings at 309 & 311 Cedar Street in Wilton, Iowa, totaling 6,756 square feet on a 0.1-acre lot (APN: 0406168007 & 0406168006). Built in 1884, this property features a main-level, established bar exceeding 4,100 square feet, complete with all equipment (excluding games and Touch Tunes). Three income-generating apartments, currently rented with utilities included, provide an annual gross income of $19,200, offsetting operational expenses. The property boasts a new roof (2018), new walk-in cooler compressor (December 2023), and new furnaces (2022). Utility services are efficiently managed with two water meters, two gas meters, and five electric meters. Heating systems vary: two apartments in 309 utilize electric heat, while the apartment in 311 features gas forced-air heating. This prime corner location is zoned for commercial use. Showings are available during operating hours, noon to 2:00 AM. Financial details will be disclosed at the owner's discretion. This turnkey business presents a unique blend of commercial and residential income streams in a desirable location.

Highlights

  • Exceptional investment opportunity: Two buildings totaling 6,756 square feet on a 0.1-acre lot in Wilton, IA.
  • Established bar (4,100+ sq ft) with all equipment included (excluding games and Touch Tunes).
  • Three income-generating apartments with $19,200 annual gross income (utilities included).
  • Recent capital improvements: new roof (2018), walk-in cooler compressor (Dec 2023), and furnaces (2022).
  • Prime corner commercial location.

Property Details for 309 Cedar St

Property type
Retail properties, Bars
Square Feet
6,756 SF
Year Built
1884
Buildings
2
Stories
2
Lot Size (sq. ft)
4,356 SF

Location Insight

City
Wilton
County
Muscatine
State
Iowa
Latitude
41.588077
Longitude
-91.0186949

FAQs

What type of property is this?
Retail property - Established bar with income-producing apartments.
Where is the retail property located?
The property is located at 309 Cedar St Wilton, IA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Exceptional investment opportunity: Two buildings totaling 6,756 square feet on a 0.1-acre lot in Wilton, IA.; Established bar (4,100+ sq ft) with all equipment included (excluding games and Touch Tunes).; Three income-generating apartments with $19,200 annual gross income (utilities included).
How can I contact the broker?
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309 Cedar St
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