104 W Main Street

    St. Lucas, IA 52166
    • $350,000
    • STATUS: Active
    • ON SITE: 52 days
    • MLS #: 20190424
    $350,000
    • 0
      BEDS
    • 0.24
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,380
      SQFT
    • $80
      $/SQFT
    Type:
    Commercial
    Built:
    1900
    County:
    Area:

    School Ratings & Info

    Description

    Here is your chance to be your own boss while also owning an iconic and successful restaurant in all of NE Iowa. The White House Supper Club is a turn-key fine dining establishment that has been owned by the same family for over 50 years. With seating up to 175 patrons, the friendly staff makes the White House the go-to restaurant to celebrate, take a date or to simply have a quiet evening with your loved ones. The owners have made the hard decision to retire but they want to help with a seamless transition to ensure continued success for the next lucky owners. The restaurant has a loyal customer base and consistent year over year profits. Financial information will be provided to serious and qualified potential buyers. The sale will include the real estate, all fixtures, furniture and equipment. Inventory can be negotiated. The second story of the restaurant has an apartment rental for an additional revenue stream or to turn into the new owner's living quarters to help with expenses. Contact me for your personal tour and to answer any of your questions.

    Monthly Payment Calculator

    Listing information © 2019 Waterloo Cedar Falls Board of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but not guaranteed accurate by the MLS. Data last updated: 2019-03-22T23:53:27.4.
    www.cedarvalleyhomesforsale.com/homes/91279601

    104 W Main Street St. Lucas, IA 52166

    • Price: $350,000
    • Status: Active
    • MLS #: 20190424
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.24
    Acres
    4,380
    SQFT
    $80
    $/SQFT
    1900
    Built
    County:
    Fayette
    Area:
    Fayette
    Property Description
    Here is your chance to be your own boss while also owning an iconic and successful restaurant in all of NE Iowa. The White House Supper Club is a turn-key fine dining establishment that has been owned by the same family for over 50 years. With seating up to 175 patrons, the friendly staff makes the White House the go-to restaurant to celebrate, take a date or to simply have a quiet evening with your loved ones. The owners have made the hard decision to retire but they want to help with a seamless transition to ensure continued success for the next lucky owners. The restaurant has a loyal customer base and consistent year over year profits. Financial information will be provided to serious and qualified potential buyers. The sale will include the real estate, all fixtures, furniture and equipment. Inventory can be negotiated. The second story of the restaurant has an apartment rental for an additional revenue stream or to turn into the new owner's living quarters to help with expenses. Contact me for your personal tour and to answer any of your questions.
    Exterior Features

    Building Description 2 StoryBasement Dock Doors 0 Exterior Finish BrickAluminumVinyl Frontage Access City StreetPaved 2 Lane Location DowntownRural Roof Construction Comp ShingleFlat

    Interior Features

    Common Area No Cooling Central Floor Construction Tile/VinylCarpeted Heating Forced AirGasElectricPropane Insulation Unknown Sprinkler No Sq Ft Total Available 4380 Wall Construction FrameBrickAluminum

    Property Features

    Agent Owned No Amenities Cable Commercial Type Retail Documents On File Legal DescriptionOther Docs Flood No For Lease No For Sale Yes Gross Income Is Actual Gross Taxes 2906 Investment No Lease Terms N/A Lease Type None Multitenant No Ownership IndividualJoint TenantGen PartnershipCorporationLl Corp Possession At Closing Possible Financing Cash ConventionAt Closing Potential Use Retail Price Type Gross Region Outside The Metro Area Restrictions And Easements Unknown Sale Lease Includes LandBuildingBusinessEquipmentTrade FixturesFurniture Sale Type Normal Sale Sewer City Sewer Tax Incentive None Tax Year 2017 Tenant Pays N/A Utilities On Site ElectricGasWaterSewerPhone Zoning C-1

    Listing provided courtesy of Emily Koch of Keller Williams Legacy Group.
    Listing information © 2019 Waterloo Cedar Falls Board of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but not guaranteed accurate by the MLS. Data last updated: 2019-03-22T23:53:27.4.
     
    Amy Wienands Real Estate
    1730 W. Ridgeway Avenue
    Waterloo IA, 50701