305-309 Gilman Street Sheffield, IA $ 1,449,000
305-309 Gilman Street
$ 1,449,000
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305-309 Gilman Street

Sheffield, IA, 50475
$ 1,449,000
Bedrooms-- Baths--

Monthly Estimate*

$ 9,149

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Commercial Property for sale in Sheffield, IA

for $1,449,000. This building was built in 1921.

Block 10 is a hidden gem in the heart of Iowa. This amazing renovated building and business are a travelers destination spot for special events, great food and specialty coffee. Block 10 has been a well established coffee shop located in Sheffield Iowa since 2017. Turn key opportunity for a buyer who is seeking a well-known community business with growth potential including business, furniture, fixtures, equipment, and real estate. Recent investments have been made to the property, including major building improvements, decreasing immediate capital expenditures. The business has an established customer base, strong community recognition, and a proven operating history. Block 10 presents an opportunity for an owner – operator, investor, or entrepreneur seeking an established business. Decor is negotiable. Please note; listing is two parcels 0304382018 ( restaurant) and 0304382010 ( lounge).

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Commercial Active

Price

$ 1,449,000

Property Type

Commercial

Taxes

$ 1,898

Style

Business

Year Built

1921

Town/City

Sheffield

County/Region

Franklin

MLS | Web ID

6340153

Features
General
Sewer Public Sewer
Heating Forced Air
Cooling Central Air
Utilities Electric Common
Roof Metal Rubber Tar/Gravel
Appliances Range Dishwasher Refrigerator Freezer
Garage Spaces 2
Architectural Style Business
Construction Materials Brick
Year Built 1921
Tax Year 2024
Current Use Event Space Restaurant Retail Bar/Tavern/Lounge
Accessibility None
County Franklin
Property Type Commercial Sale
Contingency None
Possible Use Income Lounge/Bar Restaurant Retail
Status Active
Directions HWY 65 to Sheffield. Turn W on Gilman St. building on S side of street. I-35 exit 176 to Sheffield. 10 miles E in County Rd C13 into Sheffield.
Open Parking Spaces 20
Number Of Units Total 0
Lot Size Units Acres
Tax Annual Amount 1898
Living Area Units Square Feet
Standard Status Active
Legal Description SHEFFIELD LOTS 8-9 10-11-12 BLK 10
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Interior
Basement Finished
Flooring Concrete Slab
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Exterior
Fencing Chain Link
Parking Features On Street
Water Source City Water - In Street
Lot Dimensions 16 368 sq ft
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* Excluded Features
List By
Amy Davidson

Listing Agent

Century 21 Preferred

Broker

amydavidsonc21@gmail.com

Email

Affordability Calculator

$9,307
Per Month
98%
2%
0%
Monthly Principal & Interest
$9,149
Monthly Property Taxes
$158
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
2872932 Elementary School
2872966 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/8/2026$1,449,000 Listed Price

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305-309 Gilman Street, Sheffield, IA, 50475 is a Commercial Property for sale at $1,449,000. 305-309 Gilman Street was built in 1921. The property's zip code is 50475 which is in Sheffield, IA