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Brick Restaurant with Lodging
For Sale
$450,000

104 N 16th, Clarinda, IA 51632

Residential Income, Clarinda, IA

Property Size4,820 SF
Price / SF$93.36
Days on Market18

Property Features for 104 N 16th

General Information

Property type Residential Multi Family
Property subtype Other
Basement Full
Directions West side of square Clarinda Iowa
Standard status Active
APN 0831116200000
Size 4,820 SF

Taxes and HOA fees

Tax Year 2026
Tax Description ORIG S 17' LOT 7 & N 23 1/3' LOT 8 BLK 24
Tax Annual Amount 1401
Legal Description ORIG S 17' LOT 7 & N 23 1/3' LOT 8 BLK 24

Utilities

Heating system Forced Air
Water source Public

Building Details

Year built 1900
Floors in Building 2
Number of units 3
Building materials Brick
Listing Agency: Thomas Realty
Listed By: Charles Thomas · License #IOB4146700
Added: Sep 10 Changed: Sep 15 Last Checked: Sep 27 at 4:06PM
MLS# 6342569

Copyright © 2026 NoCoast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 4,820-square-foot restaurant property includes an integrated lodging operation, creating a combined hospitality and food-service asset. The building dates to 1900 and features brick construction, forced-air heating, and a public water supply.

Located at 104 N 16th in Clarinda, Iowa, the property is offered with the restaurant and lodging operations under one ownership structure. The configuration supports a hospitality-focused use combining dining and overnight accommodations within the same property.

Key Highlights

  • 4,820‑square‑foot restaurant property
  • Integrated lodging operation included
  • Brick construction

Property Analytics

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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
18k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 73% Home Improvements & Furnishings 24% Electronics 4%
Clarinda #2 Shops & Services
7,308 visits/mo 0.1 miles
Dollar General Shops & Services
4,911 visits/mo 0.4 miles
Easter's True Value Rental Home Improvements & Furnishings
4,370 visits/mo 0.1 miles
First Interstate Bank Shops & Services
1,089 visits/mo 0.1 miles
U.S. Cellular Electronics
666 visits/mo 0.1 miles

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 Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Restaurant property with integrated lodging, public water, and forced-air heating.
Where is this conventional restaurant located?
The property is located at 104 N 16th 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; Integrated lodging operation included; Brick construction
More about this property
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