1401 N 2nd St - Hospitality FOR SALE
Cherokee, IA 51012 |
312-935-1484
1401 N 2nd St
Cherokee, IA 51012
HIGHLIGHTS
- 2-story, 55-room, interior corridor hotel with minimal PIP
- Near the Western Iowa Tech Community College and Convention Center, the Cherokee Regional Medical Center, the Cherokee Mental Health Institute, Tyson®
- Consistent revenue performance; More or less $850,000 Room Revenue Average
- Absentee out of state owner. Opportunity for onsite owner operator to increase revenues and profit margins
- Space available to convert into extended stay suites
- New roof in 2022 and many recent improvements
OVERVIEW
CBRE Hotels is pleased to be the exclusive agent in connection with the solicitation of offers to acquire the fee-simple Best WesternLa Grande Hacienda. The Best Western is conveniently located off northwestern Iowa’s highways 3 and 59 just minutes from theCherokee Historic District and the Sanford Museum.
FOR SALE DETAILS
BUILDING DETAILS
PROPERTY NAME
Best Western La Grande Hacienda
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
-
STORIES
2
ROOM ENTRANCE
Interior
BUILDING CLASS
B
YEAR BUILT
1976
PARKING SPACES
75
LAND DETAILS
LAND ACRES
3.07 AC
LAND SF
133,729 SF
ZONING
C
APN/PARCEL ID
7-22-451-010
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312-935-1484
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312-935-1484
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