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441 S Gilbert Street

Iowa City, IA 52240
  • $399,900
  • STATUS: Active
  • ON SITE: 22 Days
  • MLS #: 2203741
UPDATED: 78 min ago
$399,900
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Business Opportunity
County:

School Ratings & Info

Description

Check out this 31 year, very profitable established restaurant for sale in the heart of downtown Iowa City. The locals and students agree that this is a great place to grab lunch or dinner! This is also a very family friendly gathering place, with a great menu and a fun atmosphere. The interior is custom built with cherry wood and granite top bar. You can become the next care taker for this Iowa City icon! The Sales mix is ~80% food ~20% beverage. The pandemic did not slow down this business ! Owner looking to retire after all these years to spend more time with family, and is willing to train new owner. For more information about the history and photos please check out the website: www.samspizzaic.com Call Listing Agent directly to set up ALL showings, at least 48 hour notice is preferred. Dave Moore 319-631-1283. Qualified buyers with pre approval letter or proof of funds letter will need to sign a Confidentiality Agreement required for any financial information. Buyer to assume lease or negotiate new one. Existing lease is long term with good w/options until 2031. Business is priced below replacement costs of furniture, fixtures and equipment. Contract terms possible. Owner willing to help train Buyer. Confidentiality Agreement in Associated Documents. Do not talk to the employees about the listing.

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© 2022 Cedar Rapids Area Association of REALTORS® Multiple Listing Service, Inc. 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 or The Graf Home Selling Team & Associates. Data last updated: 2022-05-19T15:42:38.997.
www.cedarrapidsareahomes.com/homes/128078317
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441 S Gilbert Street Iowa City, IA 52240

  • Price: $399,900
  • Status: Active
  • On Site: 22 Days
  • Updated: 78 min ago
  • MLS #: 2203741
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Iowa City/Coralville
County:
Johnson
Area:
Iowa City/Coralville
Property Description
Check out this 31 year, very profitable established restaurant for sale in the heart of downtown Iowa City. The locals and students agree that this is a great place to grab lunch or dinner! This is also a very family friendly gathering place, with a great menu and a fun atmosphere. The interior is custom built with cherry wood and granite top bar. You can become the next care taker for this Iowa City icon! The Sales mix is ~80% food ~20% beverage. The pandemic did not slow down this business ! Owner looking to retire after all these years to spend more time with family, and is willing to train new owner. For more information about the history and photos please check out the website: www.samspizzaic.com Call Listing Agent directly to set up ALL showings, at least 48 hour notice is preferred. Dave Moore 319-631-1283. Qualified buyers with pre approval letter or proof of funds letter will need to sign a Confidentiality Agreement required for any financial information. Buyer to assume lease or negotiate new one. Existing lease is long term with good w/options until 2031. Business is priced below replacement costs of furniture, fixtures and equipment. Contract terms possible. Owner willing to help train Buyer. Confidentiality Agreement in Associated Documents. Do not talk to the employees about the listing.
Exterior Features

Construction Materials BlockConcreteStone VeneerSee Remarks Exterior Features Sprinkler/Irrigation

Interior Features

Basement YN No Cooling Central Air Cooling YN Yes Flooring Concrete Heating Central Heating YN Yes Interior Features Storage

Property Features

Lease Considered YN No Property Sub Type Business Sewer Public Sewer Tax Annual Amount 0 Tenant Pays ElectricityHeatSee RemarksWater Utilities Electricity AvailableNatural Gas Available Zoning Description Business

Listing information © 2022 Cedar Rapids Area Association of REALTORS® Multiple Listing Service.
Listing provided courtesy of Kelley Myers of Ruhl & Ruhl Realtors.
© 2022 Cedar Rapids Area Association of REALTORS® Multiple Listing Service, Inc. 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 or The Graf Home Selling Team & Associates. Data last updated: 2022-05-19T15:42:38.997.
 
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The Graf Home Selling Team & Associates
2252 Blairs Ferry Road
Hiawatha IA, 52233