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104 N 16th, Clarinda, IA 51632

$450,000
  • 104 N 16th, Clarinda, IA 51632 Main Photo

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BEDS0 BATHS0 SQUARE FEET4,820 MLS#6342569
STATUS PROPERTY TYPEMulti Unit - Multiple

Property 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

104 N 16th | MLS# 6342569

This multi-family property located at 104 N 16th, Clarinda, IA 51632 is currently listed for sale with an asking price of $450,000. Search Clarinda real estate on www.trophypa.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full
Fuel Type: Natural Gas
Heating: Forced Air
Home Style: Other
Lot Size: 0.13 Acres
Taxes: $1,401
Year Built: 1900

Feature Descriptions

Days on Site: 37
Exterior: Brick
Financing: Other
Lot Dimensions: 40 x 140
Maintenance Expense: 9392.9
Parcel #: 0831116200000
Sewer: City Sewer/Connected
SQFT Living Area: 4820
Units: 3
Water: Public

Listed By / Shown

Listed By

Agency Name: Thomas Realty
Agency Phone: 712-542-6325

Shown By

Agency Title: Trophy Properties & Auction
Agency Phone: (855) 573-5263

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Estimated Payment

$ 1,249.50 per month $1,001.50 Principal & Interest $116.75 Property Tax $131.25 Homeowner's Insurance

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