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Turn-Key Restaurant in Downtown Garner
For Sale
$149,900

405 State St, Garner, IA 50438

Former Pizza Ranch location with complete commercial kitchen and dining.

Property Size4,500 SF
Lot Size0.19 Acres
Price / SF$33.31
Days on Market244

Property Features for 405 State St

General Information

Standard status Active
Size 4,500 SF
Lot size 0.19 Acres

Taxes and HOA fees

Annual Taxes $4,434
Listing Agency: Berkshire Hathaway Home Serv
Listed By: Jared Hottle · License #S68688000
Source: Exprealty
Added: Jan 26 Changed: Sep 20 Last Checked: Sep 26 at 9:51AM

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 Berkshire Hathaway Home Serv

Investment Insights

Based on property information with market context.

This is a turn-key restaurant opportunity located in downtown Garner, Iowa. The former Pizza Ranch location features over 4,500 square feet of space, including a complete commercial kitchen, a large dining area, multiple party rooms, and office space. The property benefits from high visibility, with over 4,500 cars per day and significant foot traffic on State Highway 18. Garner has over 3,000 residents with an average income exceeding $86,000. The property's location as a county seat ensures consistent traffic. The property offers flexible use options, including operating as a full restaurant, splitting the operation for rental income, or utilizing it as a pure investment. The location is strategically positioned between Mason City, Clear Lake, and Forest City. The property is ready for immediate operation and could suit a restaurateur, entrepreneur, or investor.

Key Highlights

  • Turn‑key restaurant opportunity with COMPLETE COMMERCIAL KITCHEN and LARGE DINING AREA.
  • High traffic location: over 4,500 cars/day plus excellent foot traffic on State Highway 18.
  • Strategic location in downtown Garner, between Mason City, Clear Lake, and Forest City.

Property Analytics

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Current Use

Turn key restaurants

Suggested Use

Top Pick Real Estate Agency Pharmacy (Bike/Boat/Book/etc) Store Barber Shop Cafe & Coffee Shop Spa & Massage Center

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

294
Businesses Nearby

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
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Market

Vacancy Rate% for Retail in Midwest region

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

What type of property is this?
Turn key restaurant - Former Pizza Ranch location with complete commercial kitchen and dining.
Where is this turn key restaurant located?
The property is located at 405 State St Garner, IA.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: Turn‑key restaurant opportunity with COMPLETE COMMERCIAL KITCHEN and LARGE DINING AREA.; High traffic location: over 4,500 cars/day plus excellent foot traffic on State Highway 18.; Strategic location in downtown Garner, between Mason City, Clear Lake, and Forest City.
More about this property
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