305-309 Gilman St - Retail FOR SALE


Sheffield, IA 50475
$1,449,000 USD
641-420-3463
305-309 Gilman St, Sheffield, IA for Sale
$1,449,000 USD
Retail - FOR SALE
1/1
null | Request Cap Rate

NEW


305-309 Gilman St
Sheffield, IA 50475


HIGHLIGHTS

  • Includes real estate, business, and all operating equipment for a complete turnkey purchase.
  • Established community presence and loyal customer base since 2017.
  • Renovated multi-level building featuring major recent improvements.
  • Positioned for multiple revenue streams with restaurant and separate lounge spaces.
  • Accessible location along Highway 65 with convenient regional connectivity.
  • Flexible interior layout with negotiable décor options for customization.

OVERVIEW

This offering presents a rare opportunity to acquire Block 10, a fully operational and established restaurant, coffee shop, and event venue located in the heart of Sheffield, Iowa. Operating since 2017, the property combines real estate, business, furniture, fixtures, and equipment in a true turnkey package, eliminating the need for immediate capital expenditures. The building has been renovated with significant upgrades, ensuring longevity and operational efficiency while preserving its character and functionality. The asset includes two parcels encompassing both the restaurant and adjacent lounge, delivering versatility for multiple revenue streams. Block 10 has become a recognized destination for travelers and locals, benefiting from a strong reputation, established clientele, and consistent performance. The location provides regional visibility with access via Highway 65 and County Road C13, positioned conveniently for surrounding communities. This sale offers an attractive opportunity for an investor or an owner-operator seeking entry or expansion in the thriving hospitality sector with a proven foundation for growth.

FOR SALE DETAILS

PRICE

$1,449,000 USD

PRICE/SF

$100 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1921

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,553 SF

ZONING

C-R/Rec Com

APN/PARCEL ID

0304382010,0304382018

ASK ABOUT THIS PROPERTY

AMY DAVIDSONCentury 21 PreferredMore Info
641-420-3463

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

AMY DAVIDSONCentury 21 PreferredMore Info
641-420-3463

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