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$995,000
Est. payment /mo
9,460 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 9,460 sqft
Price per Sqft $105
MLS Listing ID 833890
Year Built 1953
Annual Tax Amount $15,544
Tax Year 2024
Lot Size 1.130 Acres
Acres 1.13
Property Sub-Type Commercial
Property Description
Own a true Iowa landmark with the opportunity to purchase the iconic Cronk's Cafe, one of western Iowa's most recognizable restaurants. Originally established in 1929, Cronk's has been a beloved gathering place for generations, making this a rare opportunity to acquire a business with deep community roots. This is a completely turnkey offering with all furniture, fixtures, equipment, and inventory included, allowing a new owner to begin operations immediately. Currently operating just one night per week, the business offers tremendous upside for an owner ready to expand hours and maximize its earning potential. The main dining room seats over 100 guests, while a private party room seats approximately 45. The full-service bar seats 30, and the massive banquet and event room features two pool tables, two buffet stations, a foosball table, approximately $20,000 in lighting and sound equipment, 33 tables, abundant seating, and plenty of room for dancing, weddings, receptions, live entertainment, and community events. The impressive commercial kitchen is fully equipped with three hood systems, two 60-inch flat grills, gas grill, two ovens, prep tables, steam tables, deep fryer, broaster, meat slicer, walk-in cooler, huge ice machine, commercial dishwasher, and all dishes, cookware, and utensils needed to begin serving customers on day one. The basement includes a beer walk-in cooler, separate meat walk-in cooler and freezer, plus additional equipment, supplies, and inventory the seller will leave for the next owner. Additional features include a 60+ vehicle parking lot that was redone just three years ago, four HVAC units with two newer units, and 3-phase power. The seller has invested substantially in upgrades throughout the property and is selling it as-is. Whether you're an experienced restaurateur, entrepreneur, caterer, brewery, or event venue operator, Cronk's Cafe offers exceptional potential and is ready for its next chapter.
Location
State IA
County Crawford
Area Surrounding Areas/Other Areas
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Listed by Century 21 ProLink
Nearby School & Business
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