108 N Main Street, Elkader, IA

About 108 N Main Street

Turnkey movie theatre & remodeled residence with stunning river views in the heart of Elkader! This fully updated, operational movie theatre presents a rare opportunity to own a thriving business and a beautifully remodeled living space—all under one roof in downtown Elkader. The theatre has been extensively renovated and features large reclining seats with cup holders, modern concession equipment, updated projection and sound systems, and all inventory needed to continue operations immediately. Upstairs, you’ll find a spacious and stylishly updated residence that's move-in ready. It features two full bathrooms, with multiple bedroom layout options to suit your needs. The new kitchen boasts modern finishes, complemented by gorgeous flooring throughout, updated bathrooms, and comprehensive plumbing and electrical upgrades. A standout detail: the push-button light switches have been replaced with modern versions that maintain the vintage look while offering modern function. Historic charm is preserved with beautiful transom windows above interior doors and original hardware details still in place. All appliances, including the washer and dryer, are included with the sale, making this an easy and functional space to settle into or rent out. Step outside to a spacious deck with what may be the best view in Elkader—overlooking the picturesque Turkey River and offering a direct sightline to the town’s iconic Italianate-style courthouse and its striking clocktower. In addition to the theatre and private residence, the building includes two additional street-facing commercial spaces that are ideal for retail or office use. Each unit has separate entrance directly from Main Street, street-facing windows, perfect for signage or product displays, separate electric meters and access to their own designated restrooms. These spaces add valuable rental potential or personal workspace flexibility for a new owner. The sellers have made numerous thoughtful upgrades over the years, including modifications to upstairs office windows for safe rooftop access to maintain the marquee lighting and transformers with ease. Whether you’re seeking a one-of-a-kind live/work opportunity, a unique investment with multiple income streams, or a charming home with attached business potential, this turnkey property checks all the boxes.

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