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Restaurant Building
For Sale
$145,000

235 State Street, Garner, IA 50438

Commercial Sale, Garner, IA

Property SizeContact for details
Days on Market53

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: Oct 1 Last Checked: Oct 5 at 7:06PM
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.

Built in 1920, this commercial property has fiber cement and wood siding, forced-air heating, and a public water source. Its history includes restaurant, bar, and bakery operations, along with other commercial businesses, spanning more than 50 years.

The building is at 235 State Street in downtown Garner, on the city’s main commercial corridor. Parking is available on street.

Key Highlights

  • More than 50 years of commercial use, including restaurant, bar, and bakery operations
  • Built in 1920
  • Fiber cement and wood siding

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 - The property has a long record of restaurant, bar, and bakery operations.
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: More than 50 years of commercial use, including restaurant, bar, and bakery operations; Built in 1920; Fiber cement and wood siding
More about this property
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