104 W Main Street, Panora, IA 50216

$200,000

Excellent Investment Opportunity in Historic Downtown Panora! Discover an exceptional opportunity to own a versatile commercial property, conveniently located directly across from the Panora town square. With the potential for multiple income streams, this property is ideal for investors, entrepreneurs, or anyone looking to own a storefront with residential living space above. The main level currently houses Lake Panorama Pizzeria and features an open, modern dining area, commercial kitchen space, updated electrical, and ADA-accessible restroom. With its separate Main Street entrance and prime downtown location, this space offers excellent potential for a restaurant, retail business, or other commercial venture. The second floor features a spacious 2 bedroom, 2-bathroom apartment with a living room, family room, kitchen, and enclosed stairway access directly from Main Street. The upper level also includes a utility area housing the furnace, along with additional storage space. Whether used as an owner-occupied residence or rental property, the apartment provides an excellent opportunity for additional income. A full basement offers generous storage space and convenient access from both the main level and a large exterior door off the rear alley.Whether you're looking to launch your own business, expand your investment portfolio, or enjoy the convenience of living above your workplace, this unique downtown property offers tremendous flexibility and potential.

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