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721 Main, OSAGE, IA 50461

Mitchell County

Key Facts

5,148Sq Ft
1900Year Built
2Stories

Description

Seize the chance to own a well-established, fully operational diner with endless potential and the convenience of on-site living or additional rental income, with a loyal customer base and strong community presence. This turnkey opportunity offers a spacious updated dining area, a fully equipped commercial kitchen, updated furnishings, and all the essentials to continue business without interruption. Located in a high-traffic area, this diner also features modern kitchen equipment and appliances with a great work flow layout. Upstairs, you’ll find a spacious 2-bedroom apartment. The apartment will come fully furnished and features a private entrance, full bathroom, large living room with a beautiful view overlooking Main Street, and washer and dryer on site. Whether you're looking to continue the current concept or bring your own culinary dream to life, this property offers the perfect foundation for success. Step into ownership with confidence and start serving the community today!

Property Information

Property Type

Commercial Sale

Sub-Type

Business

Style

2 Story

Year Built

1900

Stories

2

Living Area

5,148 sq ft

Zoning

Z3 - General Urban Distri

Days on Market

365

MLS® Listing#

250384

Property Features

Cooling

Central Air

Flooring

TileWood

Construction

Brick

Utilities

Natural Gas Available

Sewer

Public Sewer

Water Source

Public

Financial Details

Annual Taxes

$2,496

Tax year 2024

Parcel Number

1024354013

Affordability Calculator

$59,000

Estimated monthly payment

$1,570/mo

Principal $236,000 · Est. interest $329,241 over 30 yrs

Neighborhood Market Statistics

How this home compares to active listings in OSAGE, IA

$320,000
Median Listing Price
45
Median Days on Market
1,702
Median Sq Ft
$124
Median Price / Sq Ft
14
Active Listings
  • This home’s price is 8% below the area median.
  • Its price per sq ft is 54% below the area median.

Market statistics compiled from active EXIT Realty® and MLS listings in OSAGE, IA.

Location

Map showing the location of 721 Main, OSAGE, IA 50461

Points of Interest in OSAGE, IA

Showing the OSAGE area map.

Nearby Schools

  • Washington Elementary School

    Elementary · 0.2 mi away

  • Lincoln Elementary School

    Elementary · 0.2 mi away

  • Osage Middle School

    Secondary · 0.4 mi away

  • Sacred Heart Catholic Church

    School · 0.4 mi away

  • Osage High School

    Secondary · 0.5 mi away

  • St Ansgar High School

    Secondary · 8.2 mi away

  • St Ansgar Elementary School

    Elementary · 8.2 mi away

  • St Ansgar Community Schools

    School · 8.3 mi away

  • Central Springs Community School District

    Elementary · 13.6 mi away

  • Riceville Community School

    Secondary · 13.8 mi away

  • Washington Elementary School

    Elementary · 15.8 mi away

  • Carrie Lane High School

    Secondary · 16.2 mi away

  • Charles City Community School District

    School · 16.5 mi away

  • St. John Christian Preschool

    School · 16.6 mi away

  • Immaculate Conception School

    School · 16.7 mi away

  • Lincoln Elementary School

    Elementary · 16.7 mi away

  • Lyle Public School

    Elementary · 16.9 mi away

  • Rockford Junior-Senior Rockford Senior High

    Secondary · 17.0 mi away

  • RRMR Elementary School

    Elementary · 17.0 mi away

  • Carrie Lane High School

    Secondary · 17.1 mi away

Commute Calculator

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Nearby Homes

Similar Homes Nearby

Similar Home Values

Comparable nearby listings and their asking prices.

AddressPriceBedsBathsSq Ft
209 Park St, OSAGE, IA$216,00051,608
530 Main Street, Osage, IA$250,0004,532
814 Ash Street, Osage, IA$259,000332,288
1419 Chase Street, Osage, IA$269,000321,215
1415 Chase Street, Osage, IA$275,000321,208
721 Main St, Osage, IA$295,0005,148

Moving Cost Estimate

EXIT Agents in OSAGE

Listing Courtesy: CENTURY 21 PREFERRED

Presented by: RYAN KETELSEN

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Greater Mason City Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright ©2026 Greater Mason City Board of REALTORS®. All rights reserved.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of one or more Multiple Listing Services (MLS). Listing information is deemed reliable but is not guaranteed accurate. Copyright © EXIT Realty® and respective MLS providers.

Data provided by MasonCity. MLS® Listing#250384. © 2026EXIT Realty®. All rights reserved.