Restaurant / Commercial Space / Upscale Apartment

Gary J. Wegmann

This listing was posted on Gary J. Wegmann (via Intagent Real Estate Websites).

$299,000

Restaurant / Commercial Space / Upscale Apartment

Price:

$299,000

Home Loan:

Mortgage Rates are Still Low - Free Quote Now

BR/BA:

2 BR, 2 BA

Location:

116 & 118 N. Franklin St., Manchester, IA

Description:

SOLD COMMERCIAL & RESIDENTIAL PROPERTY LOCATED AT 116 & 118 N. Franklin St., Manchester, Iowa 52057 Located in Manchester's prime downtown business district is this historic and substantially renovated two story brick building. "Jude's Cafe" has been serving the Manchester area for 20 years and for over the last decade in this location. After a total of 45 years in the restaurant business in Manchester and surrounding areas, the sellers have decided to retire and are offering their business and real estate. The multi use property consists of commercial space on the street level fronting N. Franklin St. Take the passenger elevator up to the impressive 1,996 sf well appointed apartment on the second story- all completely new in 2007 along with a two car attached garage in the rear of the building. The street level of the building totals 2,640 square feet of commercial space in what could be considered to be two independent "store fronts" each with direct access to N. Franklin St. In 2006, the space was substantially renovated for use as a restaurant. The building was essentially gutted with a new kitchen & bathrooms, all new walls, ceilings, flooring, mechanicals, plumbing and electrical services. The two partitioned dining rooms comfortably seat 106 customers.The kitchen features a professional line of commercial stainless steel equipment. All associated restaurant equipment stays, including a brand new pass through dishwasher capable of cleaning up to 40 standard racks per hour for use in medium to high volume catering environments, stainless freezers, reach in coolers, grills, tables & chairs etc. Fire suppression system in place. An office and two storage rooms round out the lower level of the building. On the second level, you'll find a beautiful upscale apartment with 1,996 sf of living area! Completely redone from top to bottom in 2007, the apartment features a master suite with private bath & walk in closet, spacious kitchen with custom hickory cabinets, dining area and living room, guest bedroom & full bath, large laundry room and utility room. Cabinets, fixtures, windows, doors, walls, floors, insulation & drywall, mechanicals, plumbing and electrical all new in 2007. Relax and grill out on the 16x30 open roof top deck directly off the rear of the apartment. To top it off, the passenger elevator was professionally installed new in 2007 as well as a wide tiered stairway, both providing comfortable and easy access to the upper level apartment from the two car attached garage which was added in 2007 in the rear of the building. Restaurant operators and entrepreneurs, investors or anyone looking for commercial, retail or office space in Manchester area should consider taking a look at this property. Attractive cash flow potential. A contract sale would be considered and financials provided to qualifed buyers. Historic two story brick building in the heart of the downtown Manchester business district. Commercial square footage on the steet level - 2,641 sf - two independent store fronts. Currently in use as "Judes Cafe", seating capacity - 106. Sellers have served the Manchester, Delhi & Dyersville areas in the restaurant business for 45 yrs.Executive upstairs apartment - 2 BR / 2 Bath - 1,996 sf. Passenger elevator & stairway access.Both levels were gutted and completely redone by present owners in 2006 & 2007. Gross leaseable building area - 5,698 sf both levels.Adequate street parking / rear alley access to garage. Zoning - Multi Use. Commercial & Residential.Assessor parcel - 631293400700Property Tax - $4576Listed at $299,000. Offers submitted for seller consideration. Please contact the listing broker Gary J. Wegmann at 563-923-XXXX. Wegmann Real EstateGary J. Wegmann / BrokerTel. 563-923-XXXX Cell. 563-590-XXXX "We Bring People and Places Together" All information collected from sources deemed reliable, however cannot be gauranteed.

Property Type:

Commercial & Office Space for Sale

Amenities:

Dishwasher, Elevator, Parking, Patio/Deck, Storage

For sale by:

Agent/Broker

Agent Name:

Gary J. Wegmann

Posted:

May 12 on Intagent Real Estate Websites

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116 & 118 N. Franklin St. | Manchester IA | 7268591249

Restaurant / Commercial Space / Upscale Apartment

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