201 N Main St - Flex FOR SALE


Elkader, IA 52043
$694,000 USD
563-519-8543
201 N Main St, Elkader, IA for Sale
$694,000 USD
Flex - FOR SALE
1/53
null | 6.2% Cap Rate

201 N Main St
Elkader, IA 52043


OVERVIEW

Own a piece of Elkader’s charm in this historic building operating as a retail/cafe and 4 short term overnight suites on the second floor. Completely remodeled. All new utilities and furnishings. Located on a prominent corner just steps from the Turkey River. Purchase as is, or divide the main floor space into two storefronts to create even more revenue sources. Upstairs, the four fully furnished units short term rental units generate steady income and attract travelers seeking comfort, character, and access to the area’s scenic beauty. Guests and patrons alike enjoy walking to restaurants, shops, the Opera House, and the iconic Keystone Bridge. From kayaking and fishing on the river to hiking the Driftless Region, adventure is at your doorstep. A turnkey opportunity combining income, location, and small-town charm Located on the northwest corner of N Main St. and Cedar St. If buyer purchases as a turnkey business all items are negotiable. Two websites, all furnishings, linens, towels, kitchenware will remain with the 2nd floor suites. Pre-qualified buyers with lender approved paperwork. Upon implemented NDA, sellers will release income and sales figures. Sellers advise that the property offers a 6.2% CAP rate.

FOR SALE DETAILS

PRICE

$694,000 USD

PRICE/SF

$92 USD /SF

CAP RATE

6.2%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Flex

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1895

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

22-25-23-301-004

ASK ABOUT THIS PROPERTY

jim blaineKeller Williams Legacy GroupMore Info
563-519-8543

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jim blaineKeller Williams Legacy GroupMore Info
563-519-8543

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.