722 Garfield St Clarinda, IA 51632-2316
This beautifully restored 6,000 square foot industrial seed mill, situated on a 0.27-acre lot in Clarinda, Iowa's well-maintained industrial park, presents a unique investment opportunity. The Harnagel Building, a cornerstone of Clarinda's history, boasts a rich past as a grocery store, hardware store, and seed mill. Recently and lovingly restored, it currently houses The ZOo Art Gallery and Market, featuring a 1950s Art Deco espresso bar with an oval seating area. A professionally designed commercial kitchen is ready for any menu. The building is ideal for local gatherings, visitors, and small parties, offering unlimited potential for diversified income streams. The second story presents possibilities for apartments or bed and breakfast suites, while the basement could be developed into a virtual shooting range. The property has been fully updated to code, including new windows, doors, roof, electrical entry, plumbing, on-demand hot water, interior/exterior lighting, custom HVAC with exposed ducts, exterior paint and mural repair, and a new bathroom. Landscaping has also been completed. All systems are designed for minimal maintenance. A separate metal warehouse with bridge plank flooring, two freight doors, and a loading dock provides ample storage or additional rental income potential. This meticulously maintained property is a must-see for investors seeking a versatile and historically significant commercial space. The property is priced at $395,000.
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The ZOo Cafe & Coffee Shop
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.