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Garrison House Restaurant Property

104 N 16th St, Clarinda, IA 51632

For Sale
$450,000

Established restaurant operation with integrated lodging, retail, catering, and beverage components at a 4,820-square-foot property.

Property Size4,820 SF
Price / SF$93.36
Days on Market59

Property Features for 104 N 16th St

General Information

Standard status Active
Size 4,820 SF
Property subtype Residential Income

Financials

Asking Price $450,000
Business Included Yes

Taxes and HOA fees

Annual Taxes $1,401
Listing Agency: Thomas Realty
Listed By: Charles Thomas · License #IOB4146700
Source: Exprealty
Added: Sep 10 Changed: Nov 5 Last Checked: Nov 6 at 10:12AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Thomas Realty

Rey
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Investment Insights

Based on property information with market context.

Garrison House is a 4,820-square-foot restaurant property at 104 N 16th St in Clarinda, Iowa. The operation combines food service with beverage, retail, and catering components, along with lodging activity through a bed-and-breakfast and Airbnb offering.

The property is presented through two acquisition structures. One allows a buyer to acquire the restaurant business while leasing the building from the seller. The other combines the restaurant business, real estate, and lodging operation under one ownership structure. The integrated setup brings restaurant and lodging uses together within the same property.

Key Highlights

  • 4,820‑square‑foot restaurant property
  • Includes restaurant, lodging, retail, beverage, and catering operations
  • Bed‑and‑breakfast and Airbnb lodging components

Property Analytics

Who owns this building? See the owner, sales and loan history
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Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency Dental Office Pharmacy Law Firm Big Box & Wholesale Store Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

392
Businesses Nearby
Under-served
Demand for This Use

Demographics for 51632, IA

7,024
Population
2,818
Households
2.5
Avg Household Size
42
Median Age
18%
College-Educated
92%
High-School Grad
211.2 sq mi
ZIP Area
33
Density / Sq Mi
$54,758
Median Household Income
$39,710
Median Earnings
$664
Median Rent
$135,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Conventional restaurant - Established restaurant operation with integrated lodging, retail, catering, and beverage components at a 4,820-square-foot property.
Where is this conventional restaurant located?
The property is located at 104 N 16th St Clarinda, IA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 4,820‑square‑foot restaurant property; Includes restaurant, lodging, retail, beverage, and catering operations; Bed‑and‑breakfast and Airbnb lodging components
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