118 W 1st Street, Sumner

Property Description

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 just 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 property’s 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 spacious 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 catering to the needs of both overnight guests and event/bar customers ~ Vintage 20 ft mahogany bar with arm rest, foot rest, and brass waiter bar ~ 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 endless 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.)