www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
27607939
27836697

314 North Main Street, Marcus, IA 51035

LJ
IA S72691000
NAI United
Listed by NAI United
$325,000
234 days on market
Updated 31 days ago

The Old Panhead Restaurant and Building

Details
APN 0133456012
Property Type Retail
Sub Type Bar, Restaurant
Square Footage 10,000
Occupancy 100%
Tenancy Single
Year Built 1920
Buildings 1
Stories 2
Acreage 0.120
Occupancy Date 01/01/2026

The Old Panhead Restaurant and Building

Marketing description

Exceptional Downtown Restaurant & Lounge – Prime Main Street Location | Real Estate Included

Here is a rare opportunity to own a successful, 20-year-old restaurant and lounge that’s been a staple in the community. Situated on the main street in a small town, this business serves as the anchor of downtown and is widely considered the best option in town for dining and socializing. Patrons come from miles around, with plenty of loyal locals and out-of-towners making it a regular stop.

The restaurant offers a lively, welcoming environment blending a family-friendly atmosphere with the vibe of a popular downtown bar. The menu features traditional American fare and classic pub food—consistent favorites among a diverse clientele. With seating for up to 150 guests, the space is ideal for everyday dining, special events, and group gatherings.

Cleanliness and pride of ownership are evident throughout the spotless, well-maintained premises. This turnkey operation includes the real estate, making it not only a successful business venture but also a sound long-term investment.

Whether you're a seasoned operator or an entrepreneur looking to step into a proven opportunity, this restaurant and lounge offers unmatched value, a prime location, and a key role in revitalizing the downtown district. Don't miss your chance to own a cornerstone business with deep community roots and strong growth potential.

Bonus - The building has two large, upstairs apartments that could be renovated and leased for additional cash flow!

** Complete information will be provided to qualified buyers upon signing a Confidentiality Agreement and completing a Confidential Buyer Profile. No direct communication with the facility or staff what-so-ever is expected as a part of the pre-due diligence phase of the sale. **

Listing Contacts

LJ
IA S72691000
NAI United
Listed by NAI United

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Lawrence Jensen
License
S72691000
Brokerage
NAI United
Brokerage Phone
712.224.2727
Title
Commercial Associate
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591