104 N 16th St - Hospitality FOR SALE


Clarinda, IA 51632
$550,000 USD
712-542-6325
104 N 16th St, Clarinda, IA for Sale
$550,000 USD
Hospitality - FOR SALE
1/26
null | Request Cap Rate

104 N 16th St
Clarinda, IA 51632


HIGHLIGHTS

  • Operating restaurant, coffee house, and lodging business under one roof
  • Historic brick building located in downtown Clarinda
  • Bed & breakfast and short-term rental accommodations are already established
  • Central location provides access to local businesses and community activity

OVERVIEW

Garrison House presents an opportunity to acquire an operating hospitality asset in downtown Clarinda, Iowa. The property combines multiple revenue streams under one roof, including a full-service restaurant, coffee house, bed and breakfast accommodations, and short-term rental operations. This diversified income structure provides exposure to both food-service and lodging demand while offering future ownership flexibility. Located within Clarinda's established downtown area, the property benefits from proximity to local businesses, civic services, community events, and the area's commercial activity. Its central location supports visibility and accessibility for restaurant patrons, coffee house customers, overnight guests, and visitors traveling throughout southwest Iowa. The property's historic brick construction contributes to its character while supporting a hospitality-focused environment that differentiates it from traditional investment properties. According to the marketing materials, the restaurant and coffee house operation has developed an established customer base through food service, beverages, retail sales, and catering activities. The lodging component includes both traditional bed and breakfast accommodations and short-term rental offerings, allowing the property to serve multiple guest segments. Future ownership may find opportunities to expand existing operations through additional events, catering programs, or hospitality offerings while maintaining the property's current mixed-use format. For investors seeking an operating business and real estate combination, Garrison House offers an established hospitality platform within a community-serving location. The combination of restaurant, coffee, and lodging uses creates a diversified operating profile that distinguishes the asset within the local market.

FOR SALE DETAILS

PRICE

$550,000 USD

PRICE/SF

$114 USD /SF

# OF ROOMS

3

PRICE/ROOM

$183,333 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Garrison House

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

-

APN/PARCEL ID

070831116200000

ASK ABOUT THIS PROPERTY

Charles ThomasThomas RealtyMore Info
712-542-6325

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Charles ThomasThomas RealtyMore Info
712-542-6325

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.