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

405 State Street, Garner, IA 50438

Commercial Sale, Garner, IA

Property SizeContact for details
Lot Size0.19 Acres
Days on Market3

Property Features for 405 State Street

General Information

Property type Commercial Sale
Property subtype Retail
Zoning C
Directions Highway 18 to State St
Standard status Active
APN 2101250132
Lot size 0.19 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description ORIG LOT 13 EXC S 6" & ALL LOTS 14 & 15 & PARTY WALL BLK 25
Tax Annual Amount 4434
Legal Description ORIG LOT 13 EXC S 6" & ALL LOTS 14 & 15 & PARTY WALL BLK 25

Building Details

Year built 1919
Listing Agency: Berkshire Hathaway Home Serv · Berkshire Hathaway HomeServices
Listed By: Jared Hottle · License #S68688000
Added: Sep 15 Changed: Sep 16 Last Checked: Sep 17 at 4:06AM
MLS# 20264429

Copyright © 2026 Northeast Iowa Regional Board of Realtors. 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 restaurant property in downtown Garner occupies approximately 4,500+ square feet and includes a commercial kitchen, dining area, multiple party rooms, and office space. The building was constructed in 1919 and was previously operated as a Pizza Ranch, providing an established restaurant layout for continued food-service use or reconfiguration.

The property is positioned on State Highway 18 with reported traffic exceeding 4,500 cars per day, along with pedestrian activity. Garner is the Hancock County seat and has more than 3,000 residents, with Clear Lake tourism and nearby communities contributing to the surrounding trade area. The 0.189-acre site is zoned C.

Key Highlights

  • Approximately 4,500+ sq ft restaurant building
  • Commercial kitchen with dining area, multiple party rooms, and office space
  • Positioned on State Highway 18 with 4,500+ cars/day

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
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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
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Restaurant property with a commercial kitchen, dining area, party rooms, and office space.
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: Approximately 4,500+ sq ft restaurant building; Commercial kitchen with dining area, multiple party rooms, and office space; Positioned on State Highway 18 with 4,500+ cars/day
More about this property
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