Clarinda, IA Homes between $500,000 and $550,000

Clarinda, IA Homes between $500,000 and $550,000 for Sale

$550,000
6342569 MLS
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

104 N 16th, Clarinda

Listing courtesy of with Thomas Realty
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Clarinda, Iowa Homes between $500,000 and $550,000

Dreaming of finding the perfect home in a welcoming Iowa community? Clarinda offers a fantastic blend of small-town charm and modern living. If you're searching for homes between $500,000 and $550,000 for sale, you'll discover stunning properties with spacious layouts and beautiful surroundings. Imagine settling into a quality home in a friendly neighborhood. It could be a lovely place to call your own.

Explore the available homes between $500,000 and $550,000 for sale in Clarinda, Iowa and find a property that matches your lifestyle and aspirations. With options ranging from updated houses to houses with acreage, Clarinda provides a wonderful place to invest in your future and join a close-knit community. Start your search today and uncover the possibilities that await you!

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