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118 W 1st Street

Sumner, IA 50674
  • $499,000
  • STATUS: Active
  • ON SITE: 61 Days
  • MLS #: 20245336
UPDATED: 60 min ago
$499,000
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1897
County:

School Ratings & Info

Description

TURN KEY Business/Residence located in Sumner, Iowa. The current bar/restaurant is a cornerstone of the community originally built in 1897 as the Bank of Sumner by Stephen F. Cass, this magnificent building was listed on the National Registry of Historic Places in 2004 after the entire building was gutted and refurbished. You will be amazed by this property's gorgeous features. The first floor boasts a full bar and a separate party room (aka two car attached garage) offering the perfect setting for social gatherings, events, and celebrations. In addition, there are two office spaces and a small food prep area with the possibility to expand to a full commercial kitchen. The second floor includes a spacious common area with a full kitchen, living room, dining room, and a 1200 sq ft deck. Currently set up as three short term rental suites; with a change of three door knobs, it could be converted back into a 3200 sq ft residence with 3 bedrooms and 3.5 baths. Property Highlights: 6,416 square feet of historic charm and character ~ 3 well-appointed bedrooms for a comfortable stay ~ 5 bathrooms catering to the needs of both overnight guests and event/bar customers ~ Vintage 20 ft mahogany bar with arm rest, foot rest, and brass waiter bar ~ 3 floor to ceiling stone fireplaces ~ Elevator to second-floor living areas ~ Partially finished basement. Furnishings, equipment, and inventory are negotiable. (Seller/owner is agent licensed to sell real estate in Iowa.)

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Listings courtesy of Northeast Iowa Regional Board of REALTORS as distributed by MLS GRID. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by MLS GRID or Vine Valley Real Estate. The use of the MLS GRID Data may be subject to an end user license agreement prescribed by Northeast Iowa Regional Board of REALTOR and may be amended from time to time. MLS Grid  logo Based on information submitted to the MLS GRID as of 2025-02-09T22:41:57.993 (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Click here for MLS GRID DMCA Notice
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118 W 1st Street Sumner, IA 50674

  • Price: $499,000
  • Status: Active
  • On Site: 61 Days
  • Updated: 60 min ago
  • MLS #: 20245336
0
Beds
0
Baths
0
½ Baths
0.12
Acres
1897
Built
Neighborhood:
Outside The Metro Area
County:
Bremer
Area:
Outside The Metro Area
Property Description
TURN KEY Business/Residence located in Sumner, Iowa. The current bar/restaurant is a cornerstone of the community originally built in 1897 as the Bank of Sumner by Stephen F. Cass, this magnificent building was listed on the National Registry of Historic Places in 2004 after the entire building was gutted and refurbished. You will be amazed by this property's gorgeous features. The first floor boasts a full bar and a separate party room (aka two car attached garage) offering the perfect setting for social gatherings, events, and celebrations. In addition, there are two office spaces and a small food prep area with the possibility to expand to a full commercial kitchen. The second floor includes a spacious common area with a full kitchen, living room, dining room, and a 1200 sq ft deck. Currently set up as three short term rental suites; with a change of three door knobs, it could be converted back into a 3200 sq ft residence with 3 bedrooms and 3.5 baths. Property Highlights: 6,416 square feet of historic charm and character ~ 3 well-appointed bedrooms for a comfortable stay ~ 5 bathrooms catering to the needs of both overnight guests and event/bar customers ~ Vintage 20 ft mahogany bar with arm rest, foot rest, and brass waiter bar ~ 3 floor to ceiling stone fireplaces ~ Elevator to second-floor living areas ~ Partially finished basement. Furnishings, equipment, and inventory are negotiable. (Seller/owner is agent licensed to sell real estate in Iowa.)
Exterior Features

Garage YN Yes Open Parking Spaces 2

Interior Features

Building Area Total 7572 Cooling Central Air Heating Forced AirGasIndividual Unit Total Available Square Footage 7492 Warehouse Square Footage 0

Property Features

Agent Owned YN Yes Available Office Square Footage 800 Available Retail Square Footage 2365 Common Area Yes Existing Lease Type None Expense History Projected For Lease YN No For Sale Rent For Sale For Sale YN Yes Gross Income 0 Investment YN No Multi Tenant YN No Nearest Highway Hwy 93 Net Operating Income 0 Number Dock Doors 0 Number Drive In Doors 1 Number Rail Doors 0 Operating Expense 0 Property Sub Type Office/Retail Sewer City Sewer Special Listing Conditions Normal Sale Sprinkler YN No Tax Annual Amount 7216 Tax Year 2024 Tiered Sliding No Zoning C & R



Listings courtesy of Northeast Iowa Regional Board of REALTORS as distributed by MLS GRID. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by MLS GRID or Vine Valley Real Estate. The use of the MLS GRID Data may be subject to an end user license agreement prescribed by Northeast Iowa Regional Board of REALTOR and may be amended from time to time. MLS Grid  logo Based on information submitted to the MLS GRID as of 2025-02-09T22:41:57.993 (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Click here for MLS GRID DMCA Notice
 
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808 E. 18th St.
Cedar Falls IA, 50613