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111 N Main Street

Rake, IA 50465
  • $39,500
  • STATUS: Closed
  • ON SITE: 136 Days
  • MLS #: 6330293
Sold - 12/04/2025
$39,500
SOLD - 12/04/2025
  • 0
    BEDS
  • 0.24
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Business Opportunity
Built:
1950
County:
Area:

School Ratings & Info

Description

Are you searching for your next lucrative investment? Look no further! This fully operational bar and grill located in Rake, IA, offers a fantastic opportunity for new income streams. Spanning a surprising amount of space, this establishment boasts an inviting 8-person sit-up bar, a generous open dining area, and an impressive range of amenities to enhance your patrons' experience. The current leased features include a pool table, jukebox, dartboard, gambling machine, and ATM, all providing additional revenue potential if new owner chooses to continue them. Adjacent to the bar area, you'll find a second sit-up bar, along with ample tables and chairs for the restaurant side, perfect for casual dining. The property has a kitchen & two restrooms for guest convenience. But that's not all! A stylish back room with sliding glass doors opens up to a fenced-in patio, offering an inviting outdoor space for customers to relax and enjoy their time. **Please note that all food and beverage inventory, cash register, and Red Bull fridge are excluded from the sale.** Ohhhh, the possibilities!!

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© 2025 North Central Iowa MLS. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by the MLS as distributed by MLS Grid or Jane Fischer & Associates. Data last updated: 2025-12-14T19:54:03.11.

Based on information submitted to the MLS GRID as of 2025-12-14T19:54:03.11(date and time MLS Grid Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.janefischer.com/homes/166424600
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111 N Main Street Rake, IA 50465

  • Price: $45,900
  • Status: Closed
  • On Site: 136 Days
  • Updated: 46 min ago
  • MLS #: 6330293
0
Beds
0
Baths
0
½ Baths
0.24
Acres
1950
Built
County:
Winnebago
Area:
Rake
Property Description
Are you searching for your next lucrative investment? Look no further! This fully operational bar and grill located in Rake, IA, offers a fantastic opportunity for new income streams. Spanning a surprising amount of space, this establishment boasts an inviting 8-person sit-up bar, a generous open dining area, and an impressive range of amenities to enhance your patrons' experience. The current leased features include a pool table, jukebox, dartboard, gambling machine, and ATM, all providing additional revenue potential if new owner chooses to continue them. Adjacent to the bar area, you'll find a second sit-up bar, along with ample tables and chairs for the restaurant side, perfect for casual dining. The property has a kitchen & two restrooms for guest convenience. But that's not all! A stylish back room with sliding glass doors opens up to a fenced-in patio, offering an inviting outdoor space for customers to relax and enjoy their time. **Please note that all food and beverage inventory, cash register, and Red Bull fridge are excluded from the sale.** Ohhhh, the possibilities!!
Exterior Features

Architectural Style Business Construction Materials Brick Open Parking Spaces 8 Parking Features None

Interior Features

Heating Forced Air

Property Features

Accessibility Features None Auction YN No Contingency None Current Use Bar/Tavern/Lounge Fractional Ownership 0 Fuel Natural Gas Homestead Description None In Foreclosure No Lot Size Dimensions 80X132 Net Taxes 946 Possible Use Lounge/BarOfficeProfessional/OfficeRest/LoungeRestaurantRetail Sewer City Sewer/Connected Tax Annual Amount 946 Tax Legal Description 16 100 26 LOTS 14 & 15 & 16 BLK 4 AND S 5' OF LOT 17 Tax Year 2023 Utilities Heating Common Water Source Public Yearly Seasonal Yearly

Listing information © 2025 North Central Iowa MLS.
Listing provided courtesy of Marisa Koppen of Realty ONE Group Black Diamond: 641-592-2665 of North Central Iowa MLS as distributed by MLS Grid.



© 2025 North Central Iowa MLS. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by the MLS as distributed by MLS Grid or Jane Fischer & Associates. Data last updated: 2025-12-14T19:54:03.11.

Based on information submitted to the MLS GRID as of 2025-12-14T19:54:03.11(date and time MLS Grid Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Jane Fischer & Associates
1002 East State St. Suite B
Mason City IA, 50401