Carla Werning
- Buy
- Sell
https://www.ruhlmortgage.com/BlakeEller.html
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
Property Highlights
Property Type: Multi Unit - Multiple
General Information
Sqft: 4,820
County: Page
Listed By:
Thomas Realty
712-542-6325
No Coast MLS
MLS ID: 6342569
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104 N 16th, Clarinda, IA 51632.
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563-441-1862
toll free 866-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $450,000 | $450,000 | $450,000 |
| Down Payment | $90,000 | $15,750 | $112,500 |
| Monthly Mortgage Amount | $2,365 | $2,866 | $2,871 |
| Taxes | $626 | $626 | $626 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $198 | $0 |
| Monthly Estimated Total | $3,122 | $3,821 | $3,628 |
Carla Werning
REALTOR®
Cell: (319) 360-9173
Licensed in IA
Cedar Rapids Office
5805 Council St. NE
Suite A
Cedar Rapids, IA 52402
(319) 373-7845
Suite A
Cedar Rapids, IA 52402
(319) 373-7845
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