110 Court Street, Decorah, IA 52101
Friest & Associates Realtors, PC Office: (563) 382-3227
Email: faar@friest.com
Website: www.friest.com
MLS ID #:
20161511
Property Address:
820 Commerce Drive
Decorah, IA 52101
Decorah, IA 52101
County:
Winneshiek
Region:
Outside the Metro Area
Location:
Other Location
Miles to Airport:
4
Miles to Highway:
1
Miles to Highway:
State Hwy 9
Year Built:
1978
Property Type:
Commercial
Sub-Type:
Retail
Building Description:
Free Standing, 1 Story, Basement
Date Listed:
March 21st, 2016
Status:
Active
Price:
$395,000.00
Ownership:
Individual
Possession:
Negotiable
Gross Taxes:
$7,177.00
Tax Year:
2014
Gross Op Income:
$262,751.00 Actual
Net Op Income:
$50,953.00 Actual
Gross Op Expense:
$211,798.00 Actual
Terms/Lease:
N/A
Sale/Lease Type:
Normal Sale
For Sale:
Yes
Avail at List Office:
None
Zoning:
C
Potential Use:
Other Potential Uses
Legal Desc:
BLK 2 L 6 CARLSONS 3RD ADDN (brief description taken from beacon)
Sprinkler:
Yes
Included:
Land, Building, Business, Equipment, Trade Fixtures, Furniture
Total Avail Sq Ft:
4,520 sq ft
Total Building Sq Ft:
2,360 sq ft
Office SqFt:
24 sq ft
Lot Sq Footage:
16,575
Acres:
0.3800
Frontage/Access:
City Street
Exterior:
Wood Siding
Roof Construction:
Comp Shingle
Wall Construction:
Frame
Floor Construction:
Carpeted, Concrete
Utilities Available:
Electric, Gas, Water, Sewer, Phone
Sewer Type:
City Sewer
Heating:
Forced Air, Gas
Cooling:
Central
Remarks: Located in Northeast Iowa, in the thriving community of Decorah, Iowa - the Stone Hearth Inn is a long-established restaurant and lounge. The facility was built in 1978 and offers over 4400 square feet, including the main and lower levels. The restaurant has seating on main for 100 with booths, tables and seating at the bar. Gas fireplace offers nice atmosphere for diners. Lower level is a sports bar with pool tables, TV's, dart boards, games - seats 70. This is a great area for smaller parties, receptions and family gatherings as it offers a casual seating along with a private entrance. Current owners been in the restaurant business for over 25 years. Income/expenses available to serious, qualified buyers. Net sales in 2017 exceeded $500,000. Sale price includes business, equipment, inventory. Food and liquor inventory to be taken at time of sale and added to the selling price. Many recent updates - including new dishwasher, compressor on walk-in freezer, vanities in restrooms, carpeting, landscaping, basement tile system and sump pump, counter height tables in dining room, remodeled upstairs bar area, ansul system, water heater, handicap access ramp and resurfaced parking lot. For pictures and info on the restaurant, visit website: www.stonehearthdecorah.com
Listing provided courtesy of Keller Williams Legacy Group.Listing Agent: Barbara Smed
IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.
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