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117 S Main Street Elkader, IA 52043 Commercial - Business Active

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  • 117 S Main Street , Elkader, IA 52043 Main Photo

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Description

This offering includes two buildings located on Main Street near the Keystone Bridge. The first building is currently operating as a well-known neighborhood bar, where locals have long gathered to enjoy a cold beverage, a slice of pizza, a game of pool, and great conversation. Above the commercial space is a two-bedroom, one-bath residence, ideal for owner occupancy or additional rental income. The neighboring building was formerly used entirely as residential space. Per City of Elkader requirements, the main level must now be used as commercial space, while the upper level may remain residential if desired by the new owner. It currently features a two-bedroom, two-bath apartment-style residence. Both buildings are being sold AS-IS. Cherished by three local families over the past 60 years, including the current owner for the past 32 years, this unique property offers the opportunity for commercial use, residential living, and income-producing potential in a prime downtown location. *There are some virtually staged or altered photos

Property Highlights

Property Type: Commercial - Business
Building Description: 2.0 stories
Year Built: 1870

General Information

County: Clayton
Listed By:
Better Way Realty Chassy Pollard 319-720-5700
Cedar Rapids MLS
$165,000
Est. $1,143/mo
New to the Market Active
SQUARE FEET4,920 MLS#2604857
STATUSActive PROPERTY TYPECommercial - Business

Get in Touch

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Shown By

Agent Name: Melissa Schwenker
Agent Phone: (319) 759-0874
Agency Title: Ruhl&Ruhl Realtors
Agent Email:

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117 S Main Street , Elkader, IA 52043.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $165,000$165,000$165,000
Down Payment $33,000$5,775$41,250
Monthly Mortgage Amount $813$984$1,028
Taxes $230$230$230
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$73$0
Monthly Estimated Total $1,143$1,387$1,358

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