118 W 1st Street, Sumner, IA

Retail for Sale - $499,900 - 7,572 Sq. Ft.


Agent Info

Tim Lalk
CENTURY 21 Signature Real Estate

Property Info

CIMLS#1177263
Location
  118 W 1st Street
  Sumner IA 50674
UpdatedJune 18th, 2025
TypeRetail
Price$499,900
Building7,572 Sq. Ft.

Property Description

Now is the perfect time to own this iconic property in Sumner, which has been meticulously remodeled with no expenses spared, ensuring a wonderful experience for all who visit. The building currently houses a bar and restaurant on the ground floor, while the upper level is designated for short-term rentals. Property highlights include: - 6,416 sq ft of historic charm and character - Three bedrooms, each with its own private bath - A vintage 20 ft mahogany bar featuring an armrest, footrest, and brass waiter bar - Three floor-to-ceiling stone fireplaces - An elevator to the second-floor living area - A 1,200 sq ft deck on the second floor - A lift to a partially finished basement Originally built in 1897 as the Bank of Sumner by Stephen F. Cass, this building was listed on the National Registry of Historic Places in 2004 after a complete gut renovation. With a simple change of three door knobs on the second floor, it could be converted back into a 3,200 sq ft residence featuring three bedrooms and 3.5 baths or continue it as a successful short term rental. Furnishings, equipment, and inventory are negotiable. (The owner is a licensed real estate agent in Iowa, but is not the listing agent.)


Financials


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