104 N 16th, Clarinda, IA 51632
Local realty services provided by:CENTURY 21 Signature Real Estate
104 N 16th,Clarinda, IA 51632
$550,000
- - Beds
- - Baths
- 4,820 sq. ft.
- Multi-family
- Active
Listed by: charles thomas
Office: thomas realty
MLS#:6342569
Source:IA_HIMLS
Price summary
- Price:$550,000
- Price per sq. ft.:$114.11
About this home
Garrison House — Turnkey Hospitality Investment in the Heart of Clarinda A rare opportunity to own a fully operating, multi-revenue hospitality property generating over $270,000 in combined annual income. Garrison House pairs a beloved full-service restaurant and coffee house with a charming Bed & Breakfast and Airbnb operation — all under one roof, one address, and one seamless guest experience. The Restaurant & Coffee House A local favorite serving up food, beverage, retail, and catering, this concept has built a loyal following with over $220,000 in annual sales. With strong gross margins and an established payroll and operations team already in place, this is a business ready for a new owner to step in and grow — whether through expanded catering, event hosting, or extended hours. The Bed & Breakfast / Airbnb Upstairs (or adjacent), guests enjoy boutique lodging with both traditional B&B bookings and short-term Airbnb rentals, bringing in over $33,000 annually in overnight stays alone. The property's dual-income lodging model captures both the traditional traveler and the modern short-term rental market. Investment Snapshot Based on FY2025 operating income (~$55,637 combined NOI), the property is valued at approximately $618,000 at a 9% cap rate...
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Home facts
- Year built:1900
- Listing ID #:6342569
- Added:1 day(s) ago
- Updated:September 12, 2026 at 02:50 AM
Rooms and interior
- Basement:Yes
- Living area:4,820 sq. ft.
Structure and exterior
- Year built:1900
- Building area:4,820 sq. ft.
Finances and disclosures
- Price:$550,000
- Price per sq. ft.:$114.11
- Tax amount:$1,401 (2026)
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