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104 N 16th, Clarinda, IA 51632

Clarinda
Local realty services provided by:CENTURY 21 Signature Real Estate
104 N 16th,Clarinda, IA 51632
$450,000
  • - Beds
  • - Baths
  • 4,820 sq. ft.
  • Multi-family
  • Active
Listed by: charles thomas
Office: thomas realty
MLS#:6342569
Source:IA_HIMLS

Price summary

  • Price:$450,000
  • Price per sq. ft.:$93.36

About this home

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...

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Home facts

  • Year built:1900
  • Listing ID #:6342569
  • Added:44 day(s) ago
  • Updated:October 25, 2026 at 03:33 PM

Rooms and interior

  • Living area:4,820 sq. ft.

Structure and exterior

  • Year built:1900
  • Building area:4,820 sq. ft.

Finances and disclosures

  • Price:$450,000
  • Price per sq. ft.:$93.36
  • Tax amount:$1,401 (2026)

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