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Restaurant Building with Commercial Kitchen
New
For Sale
$149,900

405 State Street, Garner, IA 50438

Existing dining, party-room, office, and kitchen improvements support restaurant reuse.

Property Size5,680 SF
Price / SF$26.39
Days on Market2

Property Features for 405 State Street

General Information

Standard status Active
Size 5,680 SF
Property subtype Commercial
Zoning C

Site & Location

Traffic Count 4,500 vehicles/day
Highway Access Yes
Road Access Yes

Taxes and HOA fees

Annual Taxes $4,434

Amenities

commercial kitchen
dining area
party rooms
office space
0.189
5680

Building Details

Building Size 5,680 SF
Year Built 1919
Listing Agency: Structure Real Estate
Listed By: Cole Breitbach
Source: Pinnaclerealtyia
Added: Sep 16 Last Checked: Sep 16 at 12:05PM

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 Structure Real Estate

Investment Insights

Based on property information with market context.

This restaurant property at 405 State Street includes 4,500+ square feet of existing improvements, including a complete commercial kitchen, a large dining area, multiple party rooms, and office space. The building was constructed in 1919 and is zoned C.

The property fronts State Highway 18 in Garner, with reported traffic exceeding 4,500 cars per day and established pedestrian activity. Garner is a county seat with approximately 3,000 residents and is positioned between Mason City, Clear Lake, and Forest City. The property is also located minutes from Clear Lake tourism activity.

The layout supports continued restaurant use and includes separate areas for dining, events, food preparation, and administration.

Key Highlights

  • 4,500+ square feet with complete commercial kitchen
  • Large dining area with multiple party rooms
  • Office space included in the existing layout

Property Analytics

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Current Use

Conventional 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.

Lease Details

4,500 VPD
Traffic count
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

294
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 - Existing dining, party-room, office, and kitchen improvements support restaurant reuse.
Where is this conventional restaurant located?
The property is located at 405 State Street 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: 4,500+ square feet with complete commercial kitchen; Large dining area with multiple party rooms; Office space included in the existing layout
More about this property
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