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318 Locust St NE 3,250 SF 100% Leased Flex Building Blairstown, IA 52209 $119,090 CAD ($36.64 CAD/SF)
Executive Summary
Turn-key opportunity to own a fully built-out café/restaurant space with additional residential living quarters in the heart of Blairstown. Formerly home to “Our Place” coffee shop & bakery, this property is ideally suited for an owner-operator, investor, or entrepreneur looking for an affordable entry into business ownership.
The main level features a welcoming customer area, service counter, and a functional commercial kitchen equipped with a newer hood system—allowing for immediate operation with minimal upfront investment. Recent updates include newer flooring, updated bathrooms, and improved mechanicals including furnace and water heater.
The property also includes on-site living quarters, offering flexibility for owner occupancy or additional rental income. This live/work setup creates a unique opportunity to operate a business while offsetting expenses through residential use.
With low annual property taxes (~$950/year) and pricing at approximately $26/SF, this asset presents a compelling value well below replacement cost.
?? Key Highlights
3,250 SF mixed-use building
Former café / bakery – ready for food service use
Commercial kitchen with newer hood system included
Updated interior: flooring, bathrooms, mechanicals
On-site residential living quarters
Live/work or dual-income potential
Low property taxes (~$950/year)
Priced at ~$26/SF (below replacement cost)
?? Investment / Owner-User Opportunity
Operate your business and live on-site
Lease commercial + residential separately for dual income
Minimal buildout required for food users (major cost savings)
Strong demand for small-town dining, coffee, or retail concepts
?? Ideal Uses
Coffee shop / café / bakery
Small-town restaurant or bar & grill
Retail boutique or specialty shop
Office or service business
Live/work investment property
Turn-key café/restaurant opportunity with residential living quarters in downtown Blairstown. Includes commercial kitchen with hood, updated interior, and strong live/work or dual-income potential. Priced at just $85,000 (~$26/SF) with low taxes.
Call PJ McInerney at Pinnacle Commercial with questions or showing instructions. (319) 775-3040.
Licensed in the State of Iowa
The main level features a welcoming customer area, service counter, and a functional commercial kitchen equipped with a newer hood system—allowing for immediate operation with minimal upfront investment. Recent updates include newer flooring, updated bathrooms, and improved mechanicals including furnace and water heater.
The property also includes on-site living quarters, offering flexibility for owner occupancy or additional rental income. This live/work setup creates a unique opportunity to operate a business while offsetting expenses through residential use.
With low annual property taxes (~$950/year) and pricing at approximately $26/SF, this asset presents a compelling value well below replacement cost.
?? Key Highlights
3,250 SF mixed-use building
Former café / bakery – ready for food service use
Commercial kitchen with newer hood system included
Updated interior: flooring, bathrooms, mechanicals
On-site residential living quarters
Live/work or dual-income potential
Low property taxes (~$950/year)
Priced at ~$26/SF (below replacement cost)
?? Investment / Owner-User Opportunity
Operate your business and live on-site
Lease commercial + residential separately for dual income
Minimal buildout required for food users (major cost savings)
Strong demand for small-town dining, coffee, or retail concepts
?? Ideal Uses
Coffee shop / café / bakery
Small-town restaurant or bar & grill
Retail boutique or specialty shop
Office or service business
Live/work investment property
Turn-key café/restaurant opportunity with residential living quarters in downtown Blairstown. Includes commercial kitchen with hood, updated interior, and strong live/work or dual-income potential. Priced at just $85,000 (~$26/SF) with low taxes.
Call PJ McInerney at Pinnacle Commercial with questions or showing instructions. (319) 775-3040.
Licensed in the State of Iowa
Property Facts
| Price | $119,090 CAD | Rentable Building Area | 3,250 SF |
| Price Per SF | $36.64 CAD | No. Stories | 2 |
| Sale Type | Investment or Owner User | Year Built | 1920 |
| Property Type | Flex |
| Price | $119,090 CAD |
| Price Per SF | $36.64 CAD |
| Sale Type | Investment or Owner User |
| Property Type | Flex |
| Rentable Building Area | 3,250 SF |
| No. Stories | 2 |
| Year Built | 1920 |
1 1
Not walkable
10/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 05009100 | Improvements Assessment | $77,899 CAD |
| Land Assessment | $13,590 CAD | Total Assessment | $91,489 CAD |
Property Taxes
Parcel Number
05009100
Land Assessment
$13,590 CAD
Improvements Assessment
$77,899 CAD
Total Assessment
$91,489 CAD
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318 Locust St NE
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