205 Annex Road Madrid, IA $ 725,000
205 Annex Road
$ 725,000
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205 Annex Road

Madrid, IA, 50156
$ 725,000
Bedrooms-- Baths-- Sq 8,680

Monthly Estimate*

$ 4,523

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Commercial Property for sale in Madrid, IA

for $725,000. This 8,680 square foot building was built in 1991 on a lot size of 0.53.

Looking for your next investment or professional opportunity? This is it! We are selling a thriving Bowling Alley complete with restaurant and bar. This is a turnkey business; the seller is marketing this property with everything included, all you have to do is purchase this readymade business with established bowling leagues, kids club summer bowling program, and customers coming in from Boone, Ames, Ankney, Huxley, Slater, and other surrounding communities. The pin setters have recently been completely overhauled and are working flawlessly. There is a laser light system for night bowling. The restaurant is a staple within the community for bowlers and non-bowlers alike. Plus, with the addition of the bar, this is not only a bowling center, but is also a social hub for the community. Call for your showing today.

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Commercial Active

Price

$ 725,000

Property Type

Commercial

Taxes

$ 5,451

Style

Business

Lot Size

0.53

Year Built

1991

Town/City

Madrid

County/Region

Boone

MLS | Web ID

67107

Features
General
Sewer Public
Construction Concrete
Heating Natural Gas
Cooling Central Air
Ceiling Height 11 - 15 Ft
Possession As Agreed
Roof Flat
Water Public
Water Heater Gas
Zoning comm
Year Built 1991
Electric City
Stories Count 1.0
County Boone
Type Business
Business Type Bar/Tavern/Lounge Business Only Restaurant
Age 21-50 Years
Property Type C
Terms As Agreed
Auction No
Days on Market 234
City Madrid
Legal Description BURKHEIMERS 2ND ADD L 12 13 & 14 SW SW
Public Remarks Looking for your next investment or professional opportunity? This is it! We are selling a thriving Bowling Alley complete with restaurant and bar. This is a turnkey business; the seller is marketing
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Exterior
Foundation Slab
Parking Spaces 11 - 20 Spaces
Lot Size 136 x 125
Acres 0.53
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Interior
Flooring Carpet Tile
Total Number of Units 1
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* Excluded Features
List By
Nate Nerem

Listing Agent

Nerem & Associates

Broker

neremn@gmail.com

Email

Affordability Calculator

$4,977
Per Month
91%
9%
0%
Monthly Principal & Interest
$4,523
Monthly Property Taxes
$454
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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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The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
1415598 Elementary School
1415489 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/13/2025$725,000 -3.33% Price Down
4/17/2025$750,000 Listed Price

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205 Annex Road, Madrid, IA, 50156 is a Commercial Property for sale at $725,000 with 8,680 sqft and a lot size of 0.53. 205 Annex Road was built in 1991. The property's zip code is 50156 which is in Madrid, IA