Central Iowa Restaurant & Event Venue

Business
  • Listing# : 18209
  • Listed Price : $3,950,000
  • Total Sales : $0
  • SIC : 5812
  • Down Payment : $3,950,000
  • Status : Active
  • Discretionary Earnings : N/A

Business Type :

Restaurants / American Restaurant

Business Description :

This property is located in Marion County, Iowa. Positioned just a quick 50-minute drive from Des Moines, the capital of Iowa, and a city with an approximate population of one million, the location offers convenient access to urban amenities.

The city itself boasts a population of nearly 11,000 residents and is home to notable institutions such as Central College, Pella Corporation, and Vermeer. The property, formerly a value entertainment venue, is situated on a spacious 4.43-acre lot with a tax-assessed value of $6,198,730.

The total approximate square footage under the roof is 21,326, providing ample space for various purposes. The indoor occupancy capacity is 450, while the outdoor occupancy stands at 275. Additionally, the property features approximately 10,000 square feet of patio space, offering opportunities for outdoor activities and events.

Surrounded by notable neighbors such as Chik-fil-a and a future hotel, the location is part of a community undergoing continuous expansion with developments in single and multifamily living. Furthermore, the property is conveniently located within a 5-minute drive of Lake Red Rock, Iowa's Largest Lake. Lake Red Rock presents an ideal venue for boating, camping, water sports, and various recreational activities, adding to the overall appeal of the property.


Assets/Liabilities:

    • Accounts Receivable $0
    • Incl :
    • Real Estate $3,050,000
    • Incl : Yes
    • Inventory $0
    • Incl :
    • Liabilities $0
    • Incl :
    • FF&E $900,000
    • Incl : Yes
    • Other: $0
    • Incl :
    • Leasehold $0
    • Incl :
    • Total Assets $3,950,000
    • Incl : Yes

Lender Prequalified: No

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