$449,000
ANITA, IA 50020
MLS# 26-464
3809 sqft
1 / 53
Property Description
The Redwood Steakhouse is a well-established, owner-operated supper club with 56 years of success and a loyal customer base. Known for its classic Midwestern charm, the restaurant features a nostalgic atmosphere with wood-paneled interiors, cozy booths, and dim lighting. Guests enjoy hand-cut steaks, a large seafood menu, and the signature relish tray that defines the experience. After-dinner drinks made with real ice cream add to its unique appeal. The 3,809 sq ft property includes a spacious banquet room, abundant seating, a full commercial kitchen, and a large parking lot. Conveniently located just off I-80, this destination restaurant attracts both local patrons and travelers. Turnkey opportunity with strong reputation, consistent traffic, and proven longevity in the community.
Details
Maps
Contract Information
Start Showing Date: 2026-03-18
Auction: No
Sale: For Sale
Bank Owned?: No
Agent Equity: No
Current Price: $449,000
Status: Active
Listing Date: 2026-03-10
List Price: $449,000
General Property Description
Location: Other
Leased: None
Building Size: 3,001 - 5,000
Exchange: No
Bldg Expandable: No
Addl Land Availble: No
SF Manufacturing: 0
SF Warehouse: 0
SF Office: 0
SF Mezzanine: 0
SF Freezer: 53
SF Refrigerator: 53
SF Other: 0
Lrgst Cnt SF Lease: 0
Lot Dimensions: 400x 165-200
Type of Property: Business with RE
Year Built: 1947
Tot Fnshd SF: 3809
Currently Not Used
Lot Size: 69,696 sf. 1.60 Acre
Location, Tax & Legal
Located City/County: City
Legal: LOT2OF2 NW1/4SW1/4 SEC.28 & S40'LOT1OF2 NW1/4SW1/4 SEC. 28 (EXC.E75') (REDWOOD)
Parcel No.: 320007458001000
Zoning: Commercial
Current REIDS Yr Pd: N/A
Insurance: TBD
Assessed Value Bldg: 176260
Assessed Value Land: 27500
Area: Southwest Iowa
House #: 1807
Street Name: WHITE POLE
Street Suffix: Road
State/Province: IA
County: CASS
Zip Code: 50020
Remarks & Misc
Directions: Directions from I-80
Take Exit 70 (Anita exit) off Interstate 80.
Head south on IA-148 / White Pole Road toward Anita.
Continue for about 1 mile.
The restaurant will be on the North side along White Pole Road.
It's a very easy drive--basically straight off the interstate
Large parking lot makes it easy to access once you arrive
Office/Member Info
Net Taxes: 3444
Tax Year: 2024
Status Change Info
Back on Market Date: 2026-03-18
Status Change Date: 2026-03-18
Possession
At Closing: 1
Construction
Frame: 1
Roof
Asphalt: 1
Terms
Sell In Entirety: 1
Potential Use
Lounge/Bar: 1
Restaurant: 1
Restaurant/Lounge: 1
Documents on File
Abstract: 1
Legal Description: 1
Lease/Rent Includes
None: 1
Parking
Parking Space: 1
Parking Area: 1
20 - 50: 1
Number of Stories
One: 1
Floors
Carpet: 1
Conc Slab: 1
Tile: 1
Walls
Drywall: 1
Finished: 1
Insulated: 1
Paneling: 1
Utilities
Electricity: 1
Gas: 1
Phone Available: 1
Sewer: 1
Water: 1
Foundation/Basement
Slab: 1
Heating/Cooling
Central Air: 1
Forced Air: 1
Hot Water: 1
Natural Gas: 1
Misc Amenities
HW Heater: 1
Other - See Remarks: 1
Ceiling Height
9': 1
Door Height
No - OHD: 1
Door Width
No - OHD: 1
Docks
None: 1
Mortgage Info
Gross Taxes: 3444.29
Tax Year: 2024
Assessed Value: 203760
Restrooms
Three or More: 1
Wiring
200 - 400 Amps: 1
Flood Zone
100 Year: 1
To Show
Call Agent: 1
Call Office: 48 hours
Photo Certification
I own the photos or have the right to use.: Yes
Property Features
Terms: Sell In Entirety
Potential Use: Lounge/Bar; Restaurant; Restaurant/Lounge
Documents on File: Abstract; Legal Description
Parking: Parking Space; Parking Area; 20 - 50
Construction: Frame
Number of Stories: One
Floors: Carpet; Conc Slab; Tile
Walls: Drywall; Finished; Insulated; Paneling
Roof: Asphalt
Misc Amenities: HW Heater; Other - See Remarks
Ceiling Height: 9'
Door Height: No - OHD
Door Width: No - OHD
Docks: None
Restrooms: Three or More
Wiring: 200 - 400 Amps
Flood Zone: 100 Year
Possession: At Closing
To Show: Call Agent
Utilities: Electricity; Gas; Phone Available; Sewer; Water
Listing Office: Arrowhead Realty Company LLC
Last Updated: March - 18 - 2026
Information deemed reliable but not guaranteed.