104 N 16thClarinda, IA 51632




Mortgage Calculator
Monthly Payment (Est.)
Enter an interest rate to see your estimated monthly payment.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
| 4 weeks ago | Listing updated with changes from the MLS® | |
| 4 weeks ago | Price changed to $450,000 | |
| a month ago | Listing first seen on site |
Listing information is provided by Participants of the Iowa Association of REALTORS MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, Iowa Association of REALTORS MLS.
Data last updated at: 2026-10-11 08:43 PM UTC
Did you know? You can invite friends and family to your search. They can join your search, rate and discuss listings with you.