318 Locust St NE

Investment Overview

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