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Downtown Restaurant Building
For Sale
$145,000

235 State Street, Garner, IA 50438

Commercial Sale, Garner, IA

Property SizeContact for details
Days on Market45

Property Features for 235 State Street

General Information

Property type Commercial Sale
Property subtype Other
Parking features On Street
Directions Google Maps
Standard status Active
APN 2101230170

Taxes and HOA fees

Tax Year 2024
Tax Description ORIG LOTS 15, 16 & S 8' LOT 17 BLK 23
Tax Annual Amount 3286
Legal Description ORIG LOTS 15, 16 & S 8' LOT 17 BLK 23

Utilities

Heating system Forced Air
Water source Public

Building Details

Year built 1920
Number of units 1
Building materials Fiber Cement, Wood Siding
Architectural style Other
Listing Agency: Hall Realty
Listed By: Zachary Schultz-Hermanson
Added: Aug 14 Changed: Sep 4 Last Checked: Sep 27 at 9:06PM
MLS# 6341643

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.

Located at 235 State Street, this approximately 6,000-square-foot commercial building occupies a downtown position along Garner’s main commercial corridor. The property has supported restaurant, bar, and bakery operations for more than 50 years, providing an established setting for continued food-and-beverage use or other commercial applications subject to applicable zoning and approvals.

Built in 1920, the building features fiber cement and wood siding, forced-air heating, public water, and on-street parking. Its substantial floor area and prior hospitality use may accommodate restaurant, beverage, entertainment, retail, professional service, event, or related commercial concepts, subject to required approvals.

Key Highlights

  • Nearly 6,000 square feet of commercial space
  • 235 State Street location in downtown Garner
  • More than 50 years of restaurant, bar, and bakery use

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency Pharmacy Spa & Massage Center Dental Office (Bike/Boat/Book/etc) Store Law Firm

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

Location Intelligence

Trade Area within ½ mile

235
Businesses Nearby
Under-served
Demand for This Use

Demographics for 50438, IA

4,033
Population
1,812
Households
2.2
Avg Household Size
44
Median Age
23%
College-Educated
89%
High-School Grad
127.5 sq mi
ZIP Area
32
Density / Sq Mi
$69,637
Median Household Income
$44,307
Median Earnings
$795
Median Rent
$176,500
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 - Commercial property with prior restaurant and bar use along Garner’s main commercial corridor.
Where is this conventional restaurant located?
The property is located at 235 State Street Garner, IA.
What is the asking price?
The asking price for this property is $145,000.
What are key features of this property?
This property features: Nearly 6,000 square feet of commercial space; 235 State Street location in downtown Garner; More than 50 years of restaurant, bar, and bakery use
More about this property
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