105 W Market Street Red Oak, IA ^$ 90,000

105 W Market Street

^$ 90,000

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105 W Market Street

Red Oak, IA, 51566

^$ 90,000

Studio Baths0.0

Monthly Estimate*

^$ 629

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Studio

Commercial Property for sale in Red Oak, IA

for $90,000. This building was built in 1940 on a lot size of 0.12.

Red Oak's Historic Rainbow Cafe is just waiting for a new owner. The restaurant is turn key ready and includes all equipment and an extra lot with a patio area. There is a small house on the northside of the restaurant that is currently used for storage and has extra freezers and a refrigerator but could be converted back to a house. Don't miss out on an excellent opportunity to a business owner.

Commercial Active

Price

^$ 90,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

Business

Lot Size

0.12

Year Built

1940

Town/City

Red Oak

County/Region

Montgomery

MLS | Web ID

6310609

Features

Interior

Air Conditioning Central Ductless Mini-Split

Floors Tile

Garage Stalls 0

General

Road Frontage City Street Curbs Paved Streets Sidewalks Storm Sewer Street Lights

Available Utilities Electric Separate Heating Separate Hot Water Separate

Sewer City Sewer/Connected

Heating Forced Air

Roof Flat Rubber

Water City Water/Connected

current use Commercial Event Space Food Service Restaurant Tavern/Lounge

Zoning Business/Commercial

Total Number of Units 2

HOA WCIR

Status Active Active

Style Business

Class COMMERCIAL (5+ UNITS)

Location Free Standing

Municipality Red Oak

Tax Year 2023

Fuel Natural Gas

Subdivision IA

Contingency None

Auction Y/N 0

Area Montgomery

Primary City Red Oak

Year Built 1940

Directions From Hwy 48 turn east on Market St

City Red Oak

Street Name Market

Agent First Name Audie

Agent Last Name Rainey

DOM 255

Postal Code 51566

Potential Short Sale No

Price Per Sq Ft 29.22

Exterior

Exterior Block Other

Fencing Privacy Wood

Lot Size Area 0.12

Lot Size Dimensions 45X120 each lot

Internal Only

OriginalMLSID 6310609

* Excluded Features

List By

Audie Rainey

Listing Agent

Rubey Realty

Broker

audierainey@rubeyrealty.com

Affordability Calculator

$629

Per Month

Monthly Principal & Interest: $629
Monthly Property Taxes: --
Monthly Home Insurance: --

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Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% 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 Red Oak, IA

Average List Price ^$147,700

Percent of Sale Price 64%

About Red Oak, IA

5,417 Population

-13% Since 2002

^$34,167 Median Income

43.2 Median Age

29% 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

See complete school information

Pricing History

Date	Price	Price Change	Description
1/3/2024	$90,000	-28.00%	Price Down
9/15/2023	$125,000	-16.67%	Price Down
8/16/2023	$150,000		Listed Price

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105 W Market Street, Red Oak, IA, 51566 is a Commercial Property for sale at $90,000 with a lot size of 0.12. 105 W Market Street is a studio with 0.0 baths and was built in 1940. The property's zip code is 51566 which is in Red Oak, IA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% 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 4/29/2024.

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105 W Market Street

Commercial Property for sale in Red Oak, IA

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