51364, IA Terril, 204 Main Street

General Description

This well-established and locally loved bar and grill offers small-town charm just 10 miles east of the Iowa Great Lakes, making it a popular destination for both locals and visitors. Known for its excellent food, including crowd favorites like wing night and steak night, this business has built a strong reputation and 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. Since owning the property, the sellers have made extensive upgrades, including remodeling both bathrooms, adding a new backroom/enclosure with updated wiring, installing a new exhaust system, replacing the front windows, pouring a new cement pad for outdoor seating, pouring 2 new cement pads for the added walk-in coolers and adding rock to exterior areas. In the kitchen, they’ve put in a new prep table and a new 3-compartment sink. A 50-amp outlet has also been installed. Major system updates include a new roof in 2019 and a new furnace in 2020. The cold storage shed has also been improved - raised up with new steps installed and new rafters added. The property is being sold as-is and turn-key with all furnishings and equipment included, offering a seamless transition for the next owner to step in and continue its successful operation.

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