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28534 U.S. 18
Mc Gregor, IA 52157

$2,401 USD/MO

General Retail For Lease  •  2,095 SF

Property Details

  • Property Type General Retail
  • Year Built 1996
  • Total Building Size 2,100 SF
  • Tenancy Single
  • Building Class C
  • Zoning Comm
0 Walk Score

1 Space Available

Name Space Use Size Rent Details
1st Floor Ste Retail 2,095 SF $13.75 USD/SF/YR
Maggies Diner

The 2,100 sqft. restaurant / bar / catering / event center building has been operated as a well-known restaurant in NE Iowa for over 30 years. Located near Prairie Du Chien, Wisconsin, McGregor Iowa, Waukon Iowa and Elkader Iowa there are multiple possibilities for this centrally located building.

Restaurant is highly profitable. Current owners have been in the business for 20 years and have raised their family, built a new house, and more with the income from the restaurant, which seats 75.

Currently only open for breakfast an lunch, there are opportunities for continued growth & expansion, by taking advantage of their bar & liquor license and being open at night for dinner & entertainment.

Catering: Currently do over $50,000 / year in catering but can be a lot higher, including hosting weddings, birthday parties, family events, & class reunions.

Owners will benefit from low taxes & operating costs. Taxes: $1,262 / yr. for Maggies Diner.

If you would like the business to stay as an operating restaurant, the current owners willing to stay up to 3 months and train the new owner.

No previous restaurant experience required. The only thing we ask is that the candidate is organized, has a positive attitude and is willing to learn.

  • Date available: Aug 2026
  • Lease term: None
  • Service type: Utilities And Char
  • Space Type: Sublet

Description

Maggie’s Diner offers approx. 2,100 SF with seating for ~75, full kitchen, bar, and catering operations. The storage component includes 91 units across multiple buildings with ~95–96% occupancy, generating consistent recurring income. Strong highway visibility and easy access support both uses. Ideal for investors seeking diversified income streams with upside potential or an owner-operator looking to offset operations with stabilized storage cash flow.

Property Flyers

Amenities

  • 24 Hour Access
  • Corner Lot
  • Restaurant
  • Storage Space

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 55
Type: Surface
Included in Rent: Yes
Trev Adair 319-550-2125 Pinnacle Realty
Trev Adair 319-550-2125 Pinnacle Realty