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Ernest Abell

ernieabell.realty@hotmail.com +1(641) 414-3893

Listed by Charles Thomas Thomas Realty

$ 450,000

Est. payment | -/mo

4,820 SqFt

Save

$ 450,000

Est. payment | -/mo

Save

4,820 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,820 sqft

Price per Sqft $93

MLS Listing ID NOC6342569

Style Other

Maintenance Fees $9,392

Year Built 1900

Annual Tax Amount $1,401

Tax Year 2026

Lot Dimensions 40 x 140

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

Location

State IA

County Page

Area 4820

Direction West side of square Clarinda Iowa

Rooms

Basement Full

Interior

Heating Forced Air

Fireplace No

Exterior

View Y/N true

Accessibility None

Building

Story 2

Sewer City Sewer/Connected

Water Public

Architectural Style Other

Structure Type Brick

Schools

School District 1197 - Clarinda

Others

Energy Description Natural Gas

Acceptable Financing NOC6342569

Listing Terms NOC6342569

Schools and Properties Nearby

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+1(641) 414-3893

ernieabell.realty@hotmail.com

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104 N 16th Clarinda, IA 51632