104 N 16Th St, Clarinda, IA

Name: 104 N 16Th St, For Sale in Clarinda - Zoocasa
Brand: Thomas Realty
SKU: 6342569
Price: 450000 USD

House

For Sale

Listed price in listed location currency (USD).

$450,000

000

MLS® 6342569

Overview

Key Facts

Type

Levels Residential Income

Size 4820 sqft

Garage

Taxes $1,401

Days Active 16

Lot Size

Approx. Age 1900

Avg. Price Per Sqft $93

MLS® Number 6342569

Property Address: 104 N 16th St, Clarinda, IA, 51632-1601

Average square foot calculated using Size range provided by listing agent.

Description

Garrison House — For Sale Two Ways to Acquire This Established Restaurant & Lodging Business Garrison House offers a rare opportunity to step into a proven, profitable operation in two flexible structures, depending on the buyer's goals: Option 1 — Restaurant Business Only: $150, 000 Acquire the turnkey restaurant operation — including established food, beverage, retail, and catering revenue streams — while leasing the building from the seller. This path is ideal for an operator who wants to step directly into a running, profitable business without the capital outlay of real estate ownership. The restaurant alone generated $220, 997 in total income and $138, 716 in gross profit through August 2026, with $29, 717 in net ordinary income for full-year 2025. Option 2 — Total Sale (Business + Real Estate): $450, 000 For a buyer looking to own both the operation and the property outright, the complete package includes the restaurant business, the building, and the integrated lodging operation (B&B and Airbnb income). This structure offers full control — no landlord relationship, direct ownership of the real estate, and the ability to capture both restaurant and lodging income streams (combined 2025 revenue of $276, 487) under one roof. Why This Flexibility Matters Whether you're an operator looking to grow into ownership over time, or an investor seeking a full turnkey acquisition, Garrison House's dual-option structure lets you choose the path that fits your capital position and l

MLS® Number6342569

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1900

BasementFull

Driveway

Garage Spaces

HeatForced Air

A/C

Extras

Map

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