1201 Hawkeye Ave SW - Hospitality FOR SALE


Le Mars, IA 51031
$1,300,000 USD
712-546-8800
1201 Hawkeye Ave SW, Le Mars, IA for Sale
$1,300,000 USD
Hospitality - FOR SALE
1/25
null | Request Cap Rate

1201 Hawkeye Ave SW
Le Mars, IA 51031


HIGHLIGHTS

  • Conveniently situated on Highway 75 Business
  • Walking distance to Walmart Superstore, Hy-Vee Grocery Store, Hy-Vee Gas Station/Convenience Store
  • Walking distance to all restaurants - 4 Brothers Stackhouse, Pizza Hut, Taco Bell, Hardee's Burger, In-store Hy-Vee
  • Walking distance to Version, Cricket Cellular, Dollar Tree, Massage Therapy and other shopping stores/ amenities
  • Large Potential Upside
  • F, F, & E included in sale

OVERVIEW

Sioux Medallion Hospitality LLC is pleased to present a unique investment opportunity the Le Mars Inn & Suites. This 60-unit limited-service hotel spans 23,968 SF across 3 floors, with interior corridors offering comfort and convenience for guests, for sale in Le Mars, IA, The Ice Cream Capital of the World. Build in 1989, the property is situated on 2.4 acers of prime land, included in the sale. Property was recently refurbished and includes a new roof in 2016. F, F, & E included in sale. There is an 1,800 sf vacant bar/pub area that could be opened up for additional revenue. Le Mars is in northwestern Iowa with a population around 10,000 and home to several larger companies to include Wells Dairy, Kemp Foods and BoDeans Packaging Company. Financials available upon signed CA. No Seller Financing. Business amenities include a meeting space, a business center, guest laundry facilities, and an exercise room, complemented by a complimentary continental breakfast, ensuring a pleasant stay. Strategically positioned at head of the block 3 sides open with highway 75 one side and roads on other two sides at the highest traffic intersection on Highway 75 Business in heart of food and dairy industry. Take advantage of this incredible investment offering to acquire Le Mars Inn and Suites Le Mars, IA. Its prime location and modern comforts make it an ideal choice for discerning buyers looking in Northwest Iowa.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$45 USD /SF

# OF ROOMS

60

PRICE/ROOM

$21,667 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

60 Unit Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1989

PARKING SPACES

45

LAND DETAILS

LAND ACRES

2.4 AC

LAND SF

104,544 SF

ZONING

C

APN/PARCEL ID

12-17-376-004

ASK ABOUT THIS PROPERTY

MOHAMMAD IQBALSioux Medallion HospitalityMore Info
712-546-8800

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MOHAMMAD IQBALSioux Medallion HospitalityMore Info
712-546-8800

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.