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Property profile & analytics
OFF-MARKET
Warehouses

722 Garfield St Clarinda, IA 51632-2316

1,000 SF 0.27 ac lot Built 1950
Individually Owned 5-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US25-1859650
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1950
Construction FRAME
Total area 1,000 SF
Lot 0.27 ac (11,770 SF)
APN 831261120000
UPID US25-1859650
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • The ZOo Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Carol L Putnam · 5 yrs held
Carol L Putnam
since 2021
1 recorded transaction
2021
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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