118 W 1st ST Active Save Request In-Person Tour Request Virtual Tour
Sumner,IA 50674
Key Details
Property Type Commercial
Sub Type Office/Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20245336
Year Built 1897
Annual Tax Amount $7,216
Tax Year 2024
Lot Size 5,227 Sqft
Property Sub-Type Office/Retail
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.)
Location
State IA
County Bremer
Zoning C & R
Interior
Heating Forced Air,Gas,Individual Unit
Cooling Central Air
Exterior
View Y/N true
Building
Sewer City Sewer
Others
Acceptable Financing NBR20245336
Listing Terms NBR20245336
Special Listing Condition Normal Sale