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Listed by Charles Thomas Thomas Realty
$ 450,000
Est. payment /mo
New
104 N 16th Clarinda, IA 51632
4,820 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,820 sqft
Price per Sqft $93
MLS Listing ID NOC6342569
Style Other
Maintenance Fees $9,392
Year Built 1900
Annual Tax Amount $1,401
Tax Year 2026
Lot Dimensions 40 x 140
Property Description
Garrison House — For Sale Two Ways to Acquire This Established Restaurant & Lodging Business Garrison House offers a rare opportunity to step into a proven, profitable operation in two flexible structures, depending on the buyer's goals: Option 1 — Restaurant Business Only: $150,000 Acquire the turnkey restaurant operation — including established food, beverage, retail, and catering revenue streams — while leasing the building from the seller. This path is ideal for an operator who wants to step directly into a running, profitable business without the capital outlay of real estate ownership. The restaurant alone generated $220,997 in total income and $138,716 in gross profit through August 2026, with $29,717 in net ordinary income for full-year 2025. Option 2 — Total Sale (Business + Real Estate): $450,000 For a buyer looking to own both the operation and the property outright, the complete package includes the restaurant business, the building, and the integrated lodging operation (B&B and Airbnb income). This structure offers full control — no landlord relationship, direct ownership of the real estate, and the ability to capture both restaurant and lodging income streams (combined 2025 revenue of $276,487) under one roof. Why This Flexibility Matters Whether you're an operator looking to grow into ownership over time, or an investor seeking a full turnkey acquisition, Garrison House's dual-option structure lets you choose the path that fits your capital position and l
Location
State IA
County Page
Area 4820
Direction West side of square Clarinda Iowa
Rooms
Basement Full
Interior
Heating Forced Air
Fireplace No
Exterior
View Y/N true
Accessibility None
Building
Story 2
Sewer City Sewer/Connected
Water Public
Architectural Style Other
Structure Type Brick
Schools
School District 1197 - Clarinda
Others
Energy Description Natural Gas
Acceptable Financing NOC6342569
Listing Terms NOC6342569