818-851-3314
1842 Madison Ave, Council Bluffs, IA for Sale
Hospitality - FOR SALE
1/6
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1842 Madison Ave
Council Bluffs, IA 51503


HIGHLIGHTS

  • 51 Unit, Interior Corridor Hotel
  • 2024 Revenue: $441,597
  • Excellent Location - Just Minutes from Downtown Omaha, Nebraska on Interstate 80 and nearby Interstate 29
  • Perfect for Owner Operator with Manager's Quarters Available
  • AmericInn Also for Sale by Same Owner as Package Deal - Directly Across Interstate 80
  • Absentee Owner - Potential Upside for Hands-on Operator

OVERVIEW

The Western Inn in Council Bluffs is a 51 unit, interior corridor, two story hotel. It is located just minutes from downtown Omaha, along the Missouri River, nearby Interstate 80 and 29. Council Bluffs is the most populous city in Southwest Iowa, and benefits greatly from business and leisure hub of Omaha, Nebraska. Revenues for 2023 and 2024 are approximately $440,000, though there is upside potential for a more hands-on operator since ownership is not on-site day-to-day. The hotel is well maintained. Amenities include an indoor pool, business center, a manager's apartment above the front desk office, and fitness center. The Omaha Airport is just 15 minutes away, providing convenient access for both business and leisure travelers. Omaha, with a population of 483,335 as of 2023, is home to a variety of attractions, including the Omaha Botanical Gardens, Bemis Center for Contemporary Arts, Durham Museum, Funplex Water Park & Rides, University of Nebraska Omaha, Dodge House Historic General, Full Fledged Brewing Company, Omaha's Henry Doorly Zoo, and Horseshoe Council Bluffs Casino, among many others. The Seller is also selling the AmericInn which is located directly across Interstate 80 - Offers are encouraged for both hotels as a package.

FOR SALE DETAILS

PRICE

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# OF ROOMS

51

CAP RATE

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TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Western Inn Council Bluffs

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1986

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.41 AC

LAND SF

61,420 SF

ZONING

C2

APN/PARCEL ID

7443-05-151-001

ASK ABOUT THIS PROPERTY

Tim TakaoAmber Hotel CompanyMore Info
818-851-3314

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Tim TakaoAmber Hotel CompanyMore Info
818-851-3314

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