1113 S 2nd AvenueSheldon, IA 51201

Commercial · 5,552 Sq. ft. | 0.92 Acres
$299,000 Active

1113 S 2nd Avenue Overview

Time on Site:
405 days
Visits:
98

With over 5,000 square feet of updated space, this Sheldon restaurant, formerly 'The Train Station Sheldon Depot' is available for purchase. After major renovation in 2024 and operations since, the owners have made the difficult decision to refocus their time and effort on their other businesses. This is a turnkey opportunity for the next restaurant enthusiast and the owners will ensure to communicate all the tricks to the operation and mechanics of this building to suit your vision. The dining area and bar will all remain intact, and your patrons will be able to come in and sit down in short order. The kitchen with many new appliances and equipment, will remain just as they are today as well, which means they are freshly serviced and fully operational. There is an updated HVAC system, fresh flooring, and paint, along with some décor and lighting. In 2024 an outdoor patio was added for the perfect weather that NW Iowa offers throughout the seasons. There is space for games, live music, private parties, conferences, meetings, and several ways to flex the space to fit the events you might host. Of course there is ample parking, no matter the size of the crowd that might be drawn. The pictures will show you much of the condition and the opportunity that awaits. Recognize there is much more to share than we can here and you will have a lot of questions; the owners are ready to assist in the seamless transition. UTILITIES INFO - AVERAGE MONTHLY TOTAL: $1286.00 - Gas/Electric: MidAmerican Energy; Garbage/Recycling: City of Sheldon; Water/Sewer: City of Sheldon

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1113 S 2nd Avenue Facts & Features

  • Type Commercial
  • Sq. ft. 5,552
  • Price/Sq.ft. $54
  • Lot 0.92 Acres

Details

General

Listing Information

  • Contingency: None

Building Information

  • Year Built: 1973

Business Information

  • Current Use: Business,Investment

Location/Region

  • County Or Parish: Iowa

Tax Information

  • Tax Year: 2023

General Information

  • Parcel Number: 0030910000
  • Property Sub Type: Commercial
  • Property Type: Commercial

Interior

Building Interior

  • Building Area Total: 5552

General Information

  • Basement: No

Exterior

Lot Information

  • Lot Size Acres: 0.92

1113 S 2nd Avenue Neighborhood

Community

51201 (Sheldon) Demographics

40
Median Age
52
Population Density (per sq. mile)
36%
College Educated
$57,643
Estimated Median Income
1,773
Estimated Total Home Owners
751
Estimated Total Renters
70% / 30%
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.

1113 S 2nd Avenue 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.

1113 S 2nd Avenue Market Data

Based on the last 30 days in this zip code

$300,749
Average List Price
$144
Average Price per Square Foot
6
Properties Sold
132
Average Days on Market
38
Properties for Sale
Calculations provided by Reliance Network

1113 S 2nd Avenue History

Date Event Value Agent
5/28/2026Source: Northwest Iowa Regional MLS Price Reduction
$299,000 -6.3%
3/17/2026Source: Northwest Iowa Regional MLS Price Reduction
$319,000 -14.9%
5/20/2025Source: Northwest Iowa Regional MLS Added to Database
May 20, 2025
Listing provided courtesy of ISB Services Inc- MLS# 828747MLS Provider