Exceptional investment potential with this turnkey restaurant property located on Eldora’s high-traffic Edgington Avenue, offering visibility to approximately 5,100 cars per day. Built in 1983 and spanning 3,280 square feet on a 0.46-acre lot, this standalone building is ideally situated in the community’s prime retail corridor near Casey’s, Hy-Vee, and the proposed new Fareway grocery store. The property features two professional-grade vent hood systems, a 7x16 walk-in cooler, dual building sections (44x60 and 60x90), and 27 dedicated parking spaces—making it fully equipped for immediate restaurant operations or flexible for a variety of commercial uses. Vacant and move-in ready, this well-maintained facility presents excellent opportunities for owner-users, investors, or developers seeking redevelopment potential in a strong demographic market. Whether continuing as a restaurant, converting to another retail or service use, or repurposing for new development, this property delivers a rare combination of infrastructure, location, and value in a growing Iowa community.
Once in a lifetime opportunity to own a landmark piece of history right on the main street square in Eldora. The historic Carnegie building stands as a cherished part of the community’s story, offering a rare chance to preserve its legacy while bringing your own vision to life. Whether you dream of continuing a successful restaurant or creating a new destination business, this remarkable property is ready for its next chapter. Featuring over 4,400 square feet between the main level and basement, the building blends timeless character with practical function. Inside, you’ll find soaring ceilings, large windows that fill each room with natural light, multiple dining areas, a bar, an equipped kitchen, four bathroom stalls, and two original wood-burning fireplaces that reflect the craftsmanship and charm of a bygone era. Thoughtful updates throughout make the property operable, move-in ready, and prepared for immediate use. Step into a building rich with history, possibility, and purpose. Bring your business, your creativity, and your passion—and become part of the continuing story of one of Eldora’s most treasured historic spaces. *Kitchen equipment and furnishings are included with the listing; please ask your agent for a detailed list of included and excluded items. Immediate possession is available mid October.
Eldora is located in Iowa. Eldora, Iowa has a population of 2,673. Eldora is more family-centric than the surrounding county with 35.5% of the households containing married families with children. The county average for households married with children is 28.57%.
The median household income in Eldora, Iowa is $61,384. The median household income for the surrounding county is $58,845 compared to the national median of $69,021. The median age of people living in Eldora is 40 years.
The average high temperature in July is 83.2 degrees, with an average low temperature in January of 8.6 degrees. The average rainfall is approximately 36.5 inches per year, with 31.5 inches of snow per year.