108 Elm StCreston, IA 50801

Property Details for 108 Elm St

Year built

1880

Lot size

0.06 AC

Property size (Sq ft)

1,452 SF

Property type

Turn key restaurants

APN

501460009

APU

501460009

Description

This exceptional 2,904 square foot commercial property located at 108 N Elm Street in Creston, Iowa, presents a unique investment opportunity. Situated on a 0.06-acre corner lot, this building boasts a rich history as a well-established bar and grill, serving the Creston community for over 45 years. Its prime location ensured a steady stream of customers, from lunchtime business patrons to families enjoying happy hour. The previous owners fostered a strong community presence by sponsoring numerous local events. The building's spacious interior offers ample room for a variety of business ventures. The existing layout is adaptable and could easily be reconfigured to suit a new owner's specific needs. This is a chance to acquire a turn-key property with significant historical value and established customer base in a thriving area. The asking price of $74,999 makes this an attractive proposition for entrepreneurs seeking a ready-made space with high visibility and potential for immediate revenue generation. The property's location in the heart of Creston provides excellent access to local businesses and residents, ensuring a steady flow of potential customers. This is a rare opportunity to own a piece of Creston's history and shape its future. Don't miss out on this chance to acquire a well-positioned commercial property with immense potential.

• CAP approach

  CAP return

  Valuation

  6%

  $373,956

  6.5%

  $345,190

  7%

  $320,534

• Comparable approach

  Method

  Valuation

  Relative Method

  $186,757

  Geo Method

  $186,757

• Alternative Use

  Use

  Valuation

  Residential

  $291,181

  Hospitality

  $266,720

  Educational

  $221,908

  Medical

  $229,540

  Retail

  $345,190

Location Insight

City

Creston

County

Union

State

Iowa

Latitude

41.0579

Longitude

-94.3642

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].