Historic bar with living quarters above and an adjacent apartment-style home for sale on Main Street in Elkader Iowa near the above and an adjacent Keystone Bridge. The main level features a well-known bar where locals have enjoyed a cold beverage a slice of pizza a game of pool and conversation. Upstairs is a two-bedroom one-bath residence ideal for owner occupancy or rental income. Next door is a two-bedroom two-bath apartment-style home. Both buildings are being sold AS-IS. Cherished by three local families over the past 60 years and by the current owner for 32 years this package offers both commercial and residential income potential. Offered at $87,500 per building.
Courtesy: NON-MEMBER
Welcome to the Goldfinch Suites, a rare and versatile investment opportunity located on a high-visibility corner lot in the heart of historic downtown Elkader. Just steps from the scenic Turkey River, this beautifully maintained 2 story building blends commercial space with proven short-term rental income-ideal for investors, entrepreneurs, or lifestyle buyers. The main level is currently home to a thriving coffee shop and outdoor retail store, catering to locals and visitors alike. With tow entrances and an open layout, the space could remain unified or be divided into two storefronts-ideal for boutiques, cafes, outfitters, or offices. Large windows fill the space with light and offer great visibility in accessible and welcoming downtown. Upstairs includes four fully furnished rental units, each with charm, modern amenities, and strong booking history. Guests are drawn to the cozy accommodations, proximity to downtown, and to Elkader’s outdoor attractions. Whether you’re managing the rentals yourself or seeking a turn-key operation, this property delivers consistent revenue potential. Located in the heart of Clayton County's Driftless District, Elkader offers river recreation, hiking, historic sites, and a strong sense of community. Easy commute to the Opera House, Keystone Bride, restaurants, and galleries-or kayak and fish along the Turkey River only 1 block away. The Goldfinch Suites is a cornerstone of Elkader's charm and a rare opportunity to own a fully operational, income-producing property in one of Iowa's most picturesque small towns. If purchases as a turnkey business, sellers are willing to train new owners on current business practices for 30 days at their expense.
Elkader is located in Iowa. Elkader, Iowa has a population of 1,270. Elkader is more family-centric than the surrounding county with 38.25% of the households containing married families with children. The county average for households married with children is 27.23%.
The median household income in Elkader, Iowa is $58,021. The median household income for the surrounding county is $58,148 compared to the national median of $69,021. The median age of people living in Elkader is 43 years.
The average high temperature in July is 84 degrees, with an average low temperature in January of 8.4 degrees. The average rainfall is approximately 35.2 inches per year, with 33.8 inches of snow per year.
