111 N Main Street Rake, IA ^$ 52,000

111 N Main Street

^$ 52,000

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111 N Main Street

Rake, IA, 50465

^$ 52,000

Studio Baths0.0

Monthly Estimate*

^$ 346

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Studio

Commercial Property for sale in Rake, IA

for $52,000. This building was built in 1950 on a lot size of 0.24.

Current functioning business opportunity with endless possibilities to expand for more income potential. Operating as a Bar/Lounge/Restaurant. Large dining and bar area as well as a separate room that adds an additional 660 sq ft to use as you please. Enjoy serving summer drinks on the outdoor patio area. MOST Kitchen equipment in place and included with sale.

Commercial Active

Price

^$ 52,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

Business

Lot Size

0.24

Year Built

1950

Town/City

Rake

County/Region

Winnebago

MLS | Web ID

6315031

Features

Interior

Air Conditioning Central

Basement None

Garage Stalls 0

General

Available Utilities Electric Separate Heating Separate Hot Water Separate

Sewer City Sewer/Connected

Heating Forced Air

Roof Metal

Water City Water/Connected

current use Restaurant Tavern/Lounge

Total Number of Units 1

HOA HRTI

Status Active Active

Style Business

Miscellaneous Alarms

Class COMMERCIAL (5+ UNITS)

Tax Year 2022

Fuel Propane

Subdivision IA

Contingency None

Auction Y/N 0

Area Winnebago

Primary City Rake

Year Built 1950

Directions Use GPS.

City Rake

Street Name Main

Agent First Name Pamela

Agent Last Name Yegge

DOM 87

Postal Code 50465

Potential Short Sale No

Price Per Sq Ft Total 23.55

Exterior

Exterior Brick/Stone Vinyl

Lot Size Area 0.24

Lot Size Dimensions 80X132 10 560 Sq ft.

Internal Only

OriginalMLSID 6315031

* Excluded Features

List By

Pamela Yegge

Listing Agent

Exit Realty Home/Land Properties

Broker

pam@exithomeland.com

Affordability Calculator

$346

Per Month

Monthly Principal & Interest: $346
Monthly Property Taxes: --
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Rake, IA

Average List Price ^$52,000

Percent of Sale Price 0%

About Rake, IA

161 Population

-16% Since 2002

^$51,029 Median Income

48.58 Median Age

39% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2872932 Elementary School

2872966 Middle School

Unknown High School High School

Pricing History

Date	Price	Price Change	Description
2/28/2024	$52,000		Listed Price

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111 N Main Street, Rake, IA, 50465 is a Commercial Property for sale at $52,000 with a lot size of 0.24. 111 N Main Street is a studio with 0.0 baths and was built in 1950. The property's zip code is 50465 which is in Rake, IA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of the Iowa Association of REALTORS service.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is deemed reliable but is not guaranteed accurate by the the MLS. The MLS may, at its discretion, require use of other disclaimers as necessary to protect participants and/or the MLS from liability. Data is updated as of 6/1/2024.

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111 N Main Street

Commercial Property for sale in Rake, IA

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