318 Locust St NE, Blairstown, IA 52209 For Sale

318 Locust St NE | Blairstown, IA

$85,000 | 3,250 SF | Mixed-Use Commercial

Turn-key opportunity to own a fully built-out café/restaurant space with additional residential living quarters in the heart of Blairstown. Formerly home to “Our Place” coffee shop & bakery, this property is ideally suited for an owner-operator, investor, or entrepreneur looking for an affordable entry into business ownership.

The main level features a welcoming customer area, service counter, and a functional commercial kitchen equipped with a newer hood system—allowing for immediate operation with minimal upfront investment. Recent updates include newer flooring, updated bathrooms, and improved mechanicals including furnace and water heater.

The property also includes on-site living quarters, offering flexibility for owner occupancy or additional rental income. This live/work setup creates a unique opportunity to operate a business while offsetting expenses through residential use.

With low annual property taxes (~$950/year) and pricing at approximately $26/SF, this asset presents a compelling value well below replacement cost.

💼 Key Highlights

• • 3,250 SF mixed-use building
  • Former café / bakery – ready for food service use
  • Commercial kitchen with newer hood system included
  • Updated interior: flooring, bathrooms, mechanicals
  • On-site residential living quarters
  • Live/work or dual-income potential
  • Low property taxes (~$950/year)
  • Priced at ~$26/SF (below replacement cost)

💰 Investment / Owner-User Opportunity

• • Operate your business and live on-site
  • Lease commercial + residential separately for dual income
  • Minimal buildout required for food users (major cost savings)
  • Strong demand for small-town dining, coffee, or retail concepts

🎯 Ideal Uses

• • Coffee shop / café / bakery
  • Small-town restaurant or bar & grill
  • Retail boutique or specialty shop
  • Office or service business
  • Live/work investment property

Turn-key café/restaurant opportunity with residential living quarters in downtown Blairstown. Includes commercial kitchen with hood, updated interior, and strong live/work or dual-income potential. Priced at just $85,000 (~$26/SF) with low taxes.

Call PJ McInerney at Pinnacle Commercial with questions or showing instructions. (319) 775-3040.

Licensed in the State of Iowa