507 Erie, Storm Lake, IA 50588
Buena Vista County
Key Facts
Description
A rare opportunity to own one of the community’s most beloved establishments has arrived. For more than 30 years, Boz Wellz has been a trusted gathering place where friends meet, stories are shared, and memories are made. Now, this successful restaurant and bar is being offered for sale as a truly turn-key operation, including all furniture, fixtures, equipment, inventory, and the adjacent north parking lot. From the moment you step inside, the seasoned hardwood floors and warm, thoughtfully curated décor create an inviting atmosphere rich with character and history. At the heart of the space is the expansive bar — the undeniable centerpiece of the restaurant — where countless conversations and connections have unfolded over the years. Designed with both efficiency and versatility in mind, the property offers approximately 2,000 ft sq on each level. The main level features the restaurant and bar operations, while the impressive lower level expands the possibilities with a second full kitchen, extensive food preparation areas, catering capabilities, numerous refrigerators and freezers, abundant prep space, an office, and generous storage. Above the restaurant sits a stunning, fully renovated one-bedroom apartment that elevates this property even further. Whether utilized as an owner’s residence, or an additional income opportunity, this luxurious living space is truly remarkable. The chef’s kitchen is a showpiece, featuring custom hardwood cabinetry, high-end appliances, and a striking hammered copper sink. The spacious bedroom offers elegant two-tiered coffered ceilings, recessed lighting, and an enviable walk-in closet designed to impress. Welcoming warmth exudes with two gas fireplaces. This combination of proven business success, extensive infrastructure, included assets, additional parking , and luxury living space are exceptionally rare. Schedule your private tour today and explore the possibilities of owning a true community landmark.
Property Information
Property Type
Commercial Sale
Sub-Type
Business
Year Built
1900
Living Area
4,000 sq ft
Lot Size
0.18 acres
MLS® Listing#
832948
Property Features
Financial Details
Annual Taxes
$6,532
Tax year 2024
Parcel Number
1403252009
Affordability Calculator
$45,000
Estimated monthly payment
$1,198/mo
Principal $180,000 · Est. interest $251,116 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Storm Lake, IA
- $385,841
- Median Listing Price
- 66
- Median Days on Market
- 1,843
- Median Sq Ft
- $209
- Median Price / Sq Ft
- 310
- Active Listings
- This home’s price is 42% below the area median.
- Its price per sq ft is 73% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Storm Lake, IA.
Location
Points of Interest in Storm Lake, IA
Showing the Storm Lake area map.
Nearby Schools
Storm Lake Community School District
Elementary · 0.1 mi away
St Mary's School
School · 0.3 mi away
Storm Lake High School
Secondary · 0.5 mi away
Early Childhood School
School · 0.6 mi away
Storm Lake Elementary School
Elementary · 1.5 mi away
Storm Lake Middle School
Secondary · 1.5 mi away
Alta Elementary School
Elementary · 5.5 mi away
Alta Aurelia High School
Secondary · 5.5 mi away
Alta High School
Secondary · 5.7 mi away
Mustangs Child Care Center
School · 10.5 mi away
Newell Fonda Community School
Secondary · 10.5 mi away
Schaller-Crestland Elementary
Elementary · 11.2 mi away
Schaller-Crestland M.S. Ridge View Middle School
Secondary · 12.6 mi away
Alta Aurelia Middle School
Elementary · 12.6 mi away
Galva-Holstein Upper Elementary
Elementary · 14.4 mi away
Albert City-Truesdale Elementary School
Elementary · 15.9 mi away
Sioux Central Community School District
Secondary · 16.2 mi away
East Sac County Elementary Sac Building
Elementary · 18.4 mi away
East Sac County Middle School
Elementary · 18.6 mi away
Bright Beginnings
School · 19.1 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 503 E 7TH ST, Storm Lake, IA | $160,000 | 3 | — | 1,093 |
| 116 KENZY ST, Storm Lake, IA | $160,000 | 3 | — | 1,512 |
| 3156 18th Street 2, Spirit Lake, IA | $160,000 | — | — | 1,400 |
| 114 E 4th Street, Lake Park, IA | $164,900 | 4 | 2 | 1,782 |
| 816 W 12th Ave N, Clear Lake, IA | $165,000 | 3 | 1 | 938 |
| 617 E Sifford Street, Lake City, IA | $165,000 | 1 | 2 | 1,232 |
Moving Cost Estimate
EXIT Agents in Storm Lake
Listing Courtesy: Compass Real Estate of NW IA
Presented by: Steven Brashears