Metro Commercial Real Estate, LLC
Listed by Metro Commercial Real Estate, LLC
$795,000
Wacko's Building For Sale
Details
Property Type Retail, Mixed Use
Sub Type Restaurant
Square Footage 4,224
Units 7
Tenancy Multi
Lease Type Modified
Class C
Year Built 1952
Buildings 2
Acreage 2.250
Zoning C-2
Investment Type Stabilized
Ground Lease No
Small apartment complex with restaurant
Marketing description
For Sale: Located just outside of Knoxville, IA this property comes with an array of unique opportunities. It has a fully equipped and turnkey restaurant with a large outdoor space for entertainment, as well as owners living quarters directly above, and 6 occupied rental apartments. This property has a GPI of nearly $10k making it a great investment for anyone looking to own their own business or rental properties.
Included with this property is a fully furnished condo in Madeira Beach, Florida, situated on the 11th floor overlooking stunning water views.
Investment highlights
- The building itself has owners quarters located directly above the restaurant, perfect for working and managing the property and business. Six other apartment units are fully occupied and provide steady income with low vacancy rates.
- 6 Fully Occupied Apartments
- 2/2 Owners Quarters (or Rental Units)
- Paved Parking
- 2.25 Acres
- Restaurant:
- This property comes with a fully equipped restaurant that is a popular spot amongst locals. It seats +/- 140 total guests indoors and outdoors and has a large bar inside. In addition, there is a spacious deck area for entertainment, as well as a sand volleyball court.
- Fully Equipped & Turnkey
- Seats +/- 40 Inside and 100 Outside
- Deck Area & Volleyball Court
- Large Bar
Listing Contacts
Metro Commercial Real Estate, LLC
Listed by Metro Commercial Real Estate, LLC
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Zoning
C-2 CommercialSpecial CommercialHighway Commercial
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View all 59 uses Last updated Mar 9, 2026 For deeper zoning details, reports are available at Zoneomics
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