111 N Main Street, Rake, Iowa 50465

IA, Rake
$49,900
  • 0.24 Acre
  • Commercial Sale Property Type
  • 1950 Year Built
  • Active Status
Property Description
Are you searching for your next lucrative investment? Look no further! This fully operational bar and grill located in Rake, IA, offers a fantastic opportunity for new income streams. Spanning a surprising amount of space, this establishment boasts an inviting 8-person sit-up bar, a generous open dining area, and an impressive range of amenities to enhance your patrons’ experience. The current leased features include a pool table, jukebox, dartboard, gambling machine, and ATM, all providing additional revenue potential if new owner chooses to continue them. Adjacent to the bar area, you’ll find a second sit-up bar, along with ample tables and chairs for the restaurant side, perfect for casual dining. The property has a kitchen & two restrooms for guest convenience. But that’s not all! A stylish back room with sliding glass doors opens up to a fenced-in patio, offering an inviting outdoor space for customers to relax and enjoy their time. **Please note that all food and beverage inventory, cash register, and Red Bull fridge are excluded from the sale.** Ohhhh, the possibilities!!
Basic Details
  • Property Type: Commercial Sale
  • Listing Type: For Sale
  • Listing ID: 6330293
  • Price: $49,900
  • Year Built: 1950
  • Lot Area: 0.24 Acre
  • Status: Active
  • Office Name: Realty ONE Group Black Diamond
Features
  • Heating System Forced Air
  • Parking None
  • Architectural Style Business
  • Sewer City Sewer/Connected
  • Utilities Heating Common
Address Map
  • Country US
  • State IA
  • County Winnebago
  • City Rake
  • Zipcode 50465
  • Street: Main
  • Street Number: 111
  • Street Suffix: Street
  • Directions: Main street
  • Street Dir Prefix: N
Additional Information
  • Accessibility Features: None
  • Construction Materials: Brick
  • Current Use: Bar/Tavern/Lounge
  • Lot Size Dimensions: 80X132
  • Number Of Units Total: 1
  • Possible Use: Lounge/Bar,Office,Professional/Office,Rest/Lounge,Restaurant,Retail
  • Previous Price: 54900
  • Water Source: Public
Financial
  • Tax Annual Amount: 946
Map
Contact Agent
AJ Brown
A.J. Brown
Land & Farm Realtor
Phone: 641-680-9944
Fax: 641-664-3520

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