Mark Stefl

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721 Main StOsage, IA 50461

Commercial · 5,148 Sq. ft. | 0.07 Acres
$295,000 ACTIVE

721 Main St Overview

Time on Site:
383 days
Visits:
89

Seize the chance to own a well-established, fully operational diner with endless potential and the convenience of on-site living or additional rental income, with a loyal customer base and strong community presence. This turnkey opportunity offers a spacious updated dining area, a fully equipped commercial kitchen, updated furnishings, and all the essentials to continue business without interruption. Located in a high-traffic area, this diner also features modern kitchen equipment and appliances with a great work flow layout. Upstairs, you’ll find a spacious 2-bedroom apartment. The apartment will come fully furnished and features a private entrance, full bathroom, large living room with a beautiful view overlooking Main Street, and washer and dryer on site. Whether you're looking to continue the current concept or bring your own culinary dream to life, this property offers the perfect foundation for success. Step into ownership with confidence and start serving the community today!

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721 Main St Facts & Features

  • Type Commercial
  • Sq. ft. 5,148
  • Price/Sq.ft. $57
  • Lot 0.07 Acres

Details

General

Income/Expenses

  • Existing Lease Type: None
  • Gross Income: 0
  • Net Operating Income: 0
  • Operating Expense: 0

Building Information

  • Year Built: 1900

Location/Region

  • County Or Parish: Mitchell

Rent/Lease Information

  • Lease Term: N/A

Tax Information

  • Tax Annual Amount: 1812.13
  • Tax Assessed Value: 173570
  • Tax Year: 2024

General Information

  • Parcel Number: 1024354013
  • Property Sub Type: Retail
  • Property Type: Commercial Sale
  • Special Listing Conditions: Normal Sale
  • Zoning: CBD

Interior

Parking Information

  • Garage: false

Building Interior

  • Building Area Total: 5148

General Information

  • Cooling: Central Air
  • Flooring: Wood,Tile,Carpet
  • Heating: Forced Air,Natural Gas

Exterior

Lot Information

  • Frontage Type: City Street,State Road
  • Lot Size Square Feet: 2904

Building Exterior/Construction

  • Construction Materials: Brick
  • Roof: Sloped

General Information

  • Sewer: Public Sewer
  • Utilities: Electricity Available,Natural Gas Available,Water Available,Sewer Available,Phone Available

721 Main St Neighborhood

Community

50461 (Osage) Demographics

46
Median Age
32
Population Density (per sq. mile)
39%
College Educated
$60,305
Estimated Median Income
1,962
Estimated Total Home Owners
438
Estimated Total Renters
82% / 18%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

721 Main St Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% 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. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

721 Main St Market Data

Based on the last 30 days in this zip code

$305,716
Average List Price
$619
Average Price per Square Foot
9
Properties Sold
93
Average Days on Market
17
Properties for Sale
Calculations provided by Reliance Network

721 Main St History

Date Event Value Agent
4/8/2026Source: Northeast Iowa Regional MLS Price Reduction
$295,000 -9.2%
6/12/2025Source: Northeast Iowa Regional MLS Added to Database
June 12, 2025
Listing provided courtesy of Century 21 PreferredNortheast Iowa Regional MLS- MLS# 20252731MLS Provider