$599,000 Valuation Analysis    ♡   Sumner, IA 50674 3 bed 5 bath 7,616 SqFt ($78/SqFt) 5,227SqFt lot. Built 1897 Listed 2023-11-26, Taxes $4,052 | ✓ USDA Eligible near Sumner, IA Restrictions may apply due to home size |
TURN KEY Business/Residence: Welcome to this truly iconic and historic gem nestled in Sumner
Iowa, at 118 W 1st Street. This turnkey property seamlessly blends the charm of a bygone era with modern functionality, offering a unique opportunity to own a piece of Sumner's history. The current business, Clocktower Koselig, enjoys a central location, providing easy access to local amenities and attractions. Be not 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 propertys 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 sizeable 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 catring to the needs of both overnight guests and event/bar customers ~ Vintage 20 ft mahogany bar with arm rest, foot rest and brass waiter ba r ~ 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. Seize the opportunity to own this historic masterpiece. Whether you're captivated by its rich history or enticed by its potential for infinite opportunities and either rent the second story or live above your business, The Clocktower Building awaits your vision and passion. Schedule a viewing today and step into a living piece of Iowa's past. (Seller is agent licensed to sell real estate in Iowa.)
Presented by Kelly Schaufenbuel at
The Property Shoppe.
Property MLS #20234964 from NorthEastIARegional
Bedrooms On Upper Level: 3
Primary Bedroom Level: Second Floor
Full Bathrooms: 3
1/2 Bathrooms: 2
Half Bathrooms On Main Level: 1
Full Bathrooms On Upper Level: 3
Half Bathrooms On Upper Level: 1
Bathroom 1 Features: Jetted Tub, Master Bath, Separate Shower, Tub/Shower
Dishwasher
Dryer
Garbage Disposal
Intercom
Microwave Built In
Range-Free Standing
Refrigerator
Washer
Laundry Facilities: 2nd Floor, Laundry Closet
Heating Features: Forced Air, Gas, Zoned/Dual
Heating Fuel: Natural Gas
Furnished Description: All furniture and appliances on second floor. Most outdoor furniture. Most furniture and equipment on the first floor. Wine inventory and retail products and displays are negotiable.
Dining Room Level: Second Floor
Kitchen Level: Second Floor
Basement Description: Block
Deck
Patio
Lot Description: Corner Lot
Lot Size Acres: 0.12
Lot Size Dimensions: 40.00 x 132.00
Lot Size Square Feet: 5227
Garage Spaces: 2
Garage Description: 2 Stall, Attached Garage
Garage Features: 1200
Calculated Total Monthly Association Fees: 0
High School: Sumner-Fredericksburg
Middle School: Sumner
Map directions Map directions Map directionsSource Listing Status: ACTIVE
Source Property Type: RESIDENTIAL
Exclusions: Real estate office desks, computers, printers, tablets, outdoor patio sets on ground floor patio, stored items in the basement, bar in the garage party room, 10 foot ladder, 2 wheel carts.
Area: Bremer
Source Neighborhood: Bremer
Parcel Number: 0424366007
State Region: Outside the Metro Area
Zoning: R-1
Flood Plain: Not in Flood Plain
Property Subtype: Zero-Lot-Line
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $209,520 + $12,000 $221,520 | $4,052 |
| 2021 | $209,240 + $12,000 $221,240 | $4,140 |
| 2020 | $203,340 + $12,000 $215,340 | $4,178 |
| 2019 | $203,340 + $12,000 $215,340 | $4,054 |
| 2018 | $131,208 + $8,400 $139,608 | $4,028 |
| 2017 | $203,340 + $12,000 $215,340 | $4,356 |
| 2016 | $203,340 + $12,000 $215,340 | $4,428 |
| 2015 | $203,340 + $12,000 $215,340 | $4,112 |
| 2014 | $203,340 + $12,000 $215,340 | $5,664 |
| 2013 | $205,150 + $12,000 $217,150 | $6,888 |
| 2012 | $205,150 + $12,000 $217,150 | $6,926 |
| 2011 | $212,300 + $9,420 $221,720 | $6,192 |
| 2009 | $195,030 + $8,000 $203,030 | $6,404 |
| 2008 | $unknown + $unknown $203,030 | $810 |
$599,000
NorthEastIARegional
Listed 2023-11-26
$625,000
NorthEastIARegional
Sold 2022-07-27
$465,000
Public Record
Year Built: 1897
BelowGradeFinishedArea: 1120
Building Exterior Type: Brick, Stone Accent
Property Age: 127
Roof: Rolled, Steel
Levels or Stories: 2
House Style: 2 Story
Total Area Main: 3208
Total Below Grade Area: 1200
Elevator: Yes
Water Source: City
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  | |||
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.