515-360-2247
3906 E Main St, Knoxville, IA for Sale
Apartments - FOR SALE
1/10
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3906 E Main St
Knoxville, IA 50138


HIGHLIGHTS

  • Turnkey restaurant with full kitchen infrastructure and spacious dining layout, ready for immediate use.
  • Onsite living quarters above the commercial space provide convenience for owner-operators.
  • Reported gross potential income near $10,000 per month across all property components.
  • Located near Knoxville with convenient access to major highways, regional amenities, and a growing residential base.

OVERVIEW

This mixed-use property near Knoxville, IA presents a compelling opportunity for both investors and owner-operators. Featuring a fully equipped, turnkey restaurant with a spacious outdoor entertainment area, the site is designed to accommodate immediate business operations. Above the restaurant are owner’s living quarters, providing convenience for hands-on management. Additionally, the property includes six fully occupied rental apartments, generating consistent income that contributes to a reported gross potential income of nearly $10,000 per month. Its location just beyond Knoxville offers the advantages of a supportive community and proximity to major roadways, enabling strong regional access. With its combination of hospitality, residential income, and commercial potential, this property serves as a unique investment that balances cash flow with operational control. Buyers can leverage the onsite living space and expand entertainment offerings to fully capitalize on the available amenities and vibrant local demand. This property also includes a condo located in 4550 Cove Cir #1105 St. Petersburg, Fl. 33708. This studio apartment is situated on the 11th floor overlooking intracoastal waterways and the Gulf of Mexico. It comes fully furnished and is available for owner living or for vacation stays and can also be rented to locals and tourists.

FOR SALE DETAILS

PRICE

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# OF UNITS

8

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1952

PARKING SPACES

27

LAND DETAILS

LAND ACRES

2.25 AC

LAND SF

98,010 SF

ZONING

-

APN/PARCEL ID

0557501500

ASK ABOUT THIS PROPERTY

Matt ShawMetro Commercial Real Estate LLCMore Info
515-360-2247

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Matt ShawMetro Commercial Real Estate LLCMore Info
515-360-2247

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