104 N 16th, Clarinda, IA 51632

Property Description

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