51364, IA Terril, 204 Main Street

General Description

Seller financing and contract purchase options are available, making this a flexible opportunity for buyers looking to invest in a well-established business. This locally loved bar and grill offers small-town charm just 10 miles east of the Iowa Great Lakes, attracting both locals and visitors. Known for its excellent food, including popular wing nights and steak nights, the business has built a strong reputation and a loyal customer base. The sale includes three parcels: the bar and restaurant, an adjacent parking lot, and an additional lot to the west that features a cold storage shed. The sellers have made extensive upgrades, including remodeling both bathrooms, adding a new enclosed backroom with updated wiring, installing a new exhaust system, replacing the front windows, pouring a cement pad for outdoor seating, adding two cement pads for new walk-in coolers, and placing fresh rock around exterior areas. Kitchen improvements include a new prep table and a three-compartment sink, along with the installation of a 50-amp outlet. Major updates also include a new roof in 2019 and a new furnace in 2020. The cold storage shed has been raised with new steps and reinforced with new rafters. The property is being sold as-is and turn-key with all furnishings and equipment included, allowing a new owner to step in and continue the successful operation without interruption.

Legal: LOTS 13 & 14 BLK 11 ORIGNIAL TOWN LOTS 15 & 16 BLK 11 ORIGINAL TOWN LOT 17 BLK 11 ORIGINAL TOWN