PRICE REDUCED TO $1,100,000! Excellent owner operator opportunity on "Lake Ponderosa". It is a 1.43 acre site that offers 346.8 feet of shoreline overlooking beautiful Lake Ponderosa. The property includes a 3,060 sf restaurant/bar, bait & tackle shop, 1,536 sf enclosed deck, 144 sf walk-in cooler, lake front fuel service, 5 boat docks, boat ramp, sand volleyball, fenced in playground area. It has a fully equipped kitchen and bar with grease trap. The deck was recently updated with roll up windows facing the lake, 2 overhead doors and heaters. It is located 8 miles south of I-80, 1 hour east of Des Moines, and 3 miles west of Montezuma. Approximately 700 households call Lake Ponderosa home.