104 N 16th
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
Broker Details
Thomas Realty 712-542-6325
MLS ID: 219245 State License Number: ***
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $450,000 |
| No. of Units: | 3 |
| Year Built: | 1900 |
| Lot Size: | 4,820.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $150,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-NCMLSIA-6342569
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Final Deal Analysis
Similar Properties in the Area
2841-2843 Boulevard Place
Indianapolis, IndianaBrokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout