2142 WATER ST, Muscatine, IA 52761 | 19-660 | Mel Foster Brokerage, LLC

2142 WATER ST $950,000

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    2142 WATER ST Muscatine, IA 52761

    • 3.35 Acres
    • Commercial
    • MLS# 19-660
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    Views: 2672 Days On Site: 605

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    Property Details

    Owner is willing to lease the restaurant! This is a once in a lifetime opportunity to own a landmark bar and restaurant located on the banks of the Mighty Mississippi River with a 35 year history. This rare property features aprox 3.4 acres of owned land with 850 feet of river frontage and a marina and docks. There is a 2 bedroom home , above ground pool, several garages and a large covered building for boat storage. This popular restaurant is set up to serve large crowds with 300+ seats. The huge kitchen has several stations including a pizza prep area and oven, a salad station and large grill line. The bar and dining area is something that you might see in Key West with a large screen porch and an additional screen porch that is great for parties and large groups.

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    Neighborhood

    52761 (Muscatine) Demographics

    38 Median Age
    171 Population Density (per sq. mile)
    33% College Educated
    $55,037 Estimated Median Income
    8,582 Estimated Total Home Owners
    3,255 Estimated Total Renters
    73% / 28% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    30,273 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $123,250 Median Sales Price
    6 Homes Sold
    55 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $950,000
        9/16/2019 11:52:00 AM New in Database Source New Value: $950,000

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        **Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Information is provided in part by the IDX program of the Muscatine Multiple Listing Service, Inc. All information provided is deemed reliable but is not guaranteed and should be independently verified.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.