118 W 1st Street, Sumner, IA


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About 118 W 1st Street

TURN KEY Business/Residence: Price includes property, furnishings, and equipment. Vintage mahogany bar with vintage stools. 7 sofas. 13 tables with chairs. Appliances: 2 fridges, stove, 2 dishwashers, 2 microwaves, 2 pizza ovens, 2 bottle coolers, dishes, fully stocked kitchen, 3 queen beds, 3 twin beds, all towels and linens and more too much to list. Located in Sumner, Iowa. Upstairs is currently being rented out as airbnb rentals, but can also be a fabulous 3200 sq ft, 3 bedroom, 3.5 bath residence. Live upstairs, work downstairs. The current business, Clocktower Koselig, enjoys a central location, providing easy access to local amenities and attractions. Be not just an owner but a cornerstone of the community, contributing to Sumner's rich tapestry. Originally built in 1897 as the Bank of Sumner by Stephen F. Cass, this magnificent building has witnessed the ebb and flow of time, surviving the Great Depression and transforming through various uses. Listed on the National Register of Historic Places in 2004, it stands as a testament to Sumner's enduring spirit. You will be amazed by this property’s gorgeous features. The first floor boasts a full bar and a separate party room (aka two car attached garage) offering the perfect setting for social gatherings, events, and celebrations. The second floor includes a spacious common area with a full kitchen, living room, dining room, and a 1200 sq ft deck. Currently set up as three short term rental suites; with a change of three door knobs, it could be converted back into a 3200 sq ft residence with 3 bedrooms and 3.5 baths. Property Highlights: 6,416 square feet of historic charm and character ~ 3 well-appointed bedrooms for a comfortable stay ~ 5 bathrooms catering to the needs of both overnight guests and event/bar customers ~ Vintage 20 ft mahogany bar with arm rest, foot rest, and brass waiter bar ~ 3 floor to ceiling stone fireplaces, 2 gas and 1 electric ~ Elevator to second-floor living areas ~ Partially finished basement ~ Comfortable furnishings as well as all equipment included for a turnkey business ~ Repeat bar and airbnb customer base established ~ Wine and retail inventory negotiable. (Seller is agent licensed to sell real estate in Iowa.)

Features of 118 W 1st Street

MLS® # 20234964
Price $580,000
Bedrooms 3
Bathrooms 5.00
Full Baths 3
Half Baths 2
Square Footage 7,616
Acres 0.12
Year Built 1897
Type Residential
Sub-Type Zero Lot Line
Status Active

Community Information

Address 118 W 1st Street
City Sumner
County Bremer
State IA
Zip Code 50674


Parking 2 Stall, Attached Garage
# of Garages 2
Is Waterfront No


Interior Features French Doors, Paneled Doors, Stereo Surround System, Elevator, Intercom, Hardwood Floors
Appliances Smoke Detector, Dishwasher, Dryer, Disposal, Intercom, Microwave Built In, Free-Standing Range, Refrigerator, Washer
Heating Forced Air, Gas, Zoned
Cooling Ceiling Fan(s), Central Air, Zoned
Fireplace Yes
Fireplaces Multiple, Electric, Gas, Family Room, Living Room, Master Bedroom


Exterior Features Sidewalk, Deck, Patio
Lot Description Corner Lot
Roof Rolled/Hot Mop, Steel

School Information

Elementary Sumner
Middle Sumner
High Sumner-Fredericksburg

Additional Information

Date Listed November 25th, 2023
Days on Market 208
Zoning R-1
Short Sale No
RE / Bank Owned No

Listing Details

AgentKelly Schaufenbuel
OfficeThe Property Shoppe

Listing Map

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