2142 WATER Street, Muscatine, IA 52761 | QC7041360 | Mel Foster Brokerage, LLC

2142 WATER Street $950,000

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    2142 WATER Street Muscatine, IA 52761

    • 3.35 Acres
    • Commercial
    • MLS# QC7041360
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    Views: 709 Days On Site: 266

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    Property Details

    Owner is willing to lease 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 w/a 35 year history.This rare property features aprox 3.4 acres of owned land w/850 feet of river frontage & a marina & docks.There is a 2 bedroom home,above ground pool, several garages & a large covered building for boat storage.This popular restaurant is set up to serve large crowds w/300+ seats. The huge kitchen has several stations including a pizza prep area & oven, a salad station & large grill line.The bar & dining area is something that you might see in Key West with a large screen porch & an additional screen porch that is great for parties & large groups.There is a stage area for live music & a game room.The outdoor space is great for additional seating & events.There is a laundry & bathrooms w/showers for boaters to use.There is also a successful marina business that can be bought as part of this property.

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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

    $100,000 Median Sales Price
    4 Homes Sold
    27 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
        6/4/2020 9:30:00 PM New in Database Source New Value: $950,000

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        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.