705 Morton Avenue Emerson, IA ^$ 145,000

705 Morton Avenue

^$ 145,000

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Recently Listed

705 Morton Avenue

Emerson, IA, 51533

^$ 145,000

Bedrooms-- Baths-- Sq 6,303

Monthly Estimate*

^$ 916

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Commercial Property for sale in Emerson, IA

for $145,000. This 6,303 square foot building was built in 1900 on a lot size of 0.11.

Small community looking to support restaurant! Excellent opportunity to own and operate your own restaurant at fraction of startup price. Price includes all kitchen equipment, tables, chairs,etc for a turn key operation. Restaurant has over 2700 SF with seating for 75 patrons. The upper level of the building is almost 3600 SF and an open canvas for more vision and opportunity! Call today to see.

Commercial Active

Price

^$ 145,000

Property Type

Commercial

Taxes

^$ 1,292

Style

Lot Size

0.11

Year Built

1900

Town/City

Emerson

County/Region

Mills

MLS | Web ID

6342978

Features

General

Sewer City Sewer/Connected

Heating Forced Air

Cooling Central Air

Utilities Electric Separate Heating Separate

Roof Metal

Appliances Microwave Freezer Other

Garage Spaces 0

Architectural Style Other

Construction Materials Block Brick Concrete Other

Year Built 1900

Tax Year 2024

Current Use Commercial Restaurant

Accessibility No Stairs Internal

County Mills

Property Type Commercial Sale

Contingency None

Possible Use Grocery Lounge/Bar Restaurant Retail

Status Active

Directions Main St (Morton Ave) Emerson

Open Parking Spaces 10

Number Of Units Total 2

Lot Size Units Acres

Lot Size Square Feet 4791.6

Tax Annual Amount 1292

Living Area Units Square Feet

Standard Status Active

Legal Description W 9.3' OF E1/2 & E 30.7' OF W1/2 OF LOTS 349 & 350

Interior

Basement Sump Pump

Exterior

Parking Features On Street

Water Source Public

Building Area Total 6303

Lot Dimensions 40X120

Lot Size Acres 0.11

Foundation Area 2280

* Excluded Features

List By

Audie Rainey

Listing Agent

Rubey Realty

Broker

712-621-1818

Contact

Affordability Calculator

$1,023

Per Month

Monthly Principal & Interest: $916
Monthly Property Taxes: $108
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly 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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THE TIME TO SELL IS NOW! What's my home worth?

Nearby

Trends
Schools

Commerical listings in Emerson, IA

Average List Price ^$145,000

Percent of Sale Price 0%

About Emerson, IA

425 Population

-8% Since 2002

^$54,861 Median Income

48.54 Median Age

31% 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

Pricing History

Date	Price	Price Change	Description
9/22/2026	$145,000		Listed Price

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705 Morton Avenue, Emerson, IA, 51533 is a Commercial Property for sale at $145,000 with 6,303 sqft and a lot size of 0.11. 705 Morton Avenue was built in 1900. The property's zip code is 51533 which is in Emerson, IA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

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 9/29/2026.

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705 Morton Avenue

Commercial Property for sale in Emerson, IA

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