2013 E Main Street

    Lamoni, IA 50140
    • $700,000
    • STATUS: Active
    • ON SITE: 140 days
    • MLS #: 1903081
    UPDATED: 51 min ago
    $700,000
    • 0
      BEDS
    • 1.55
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 25,988
      SQFT
    • $27
      $/SQFT
    Neighborhood:
    Type:
    Business Opportunity
    Built:
    1992
    County:

    School Ratings & Info

    Description

    Beautiful thirty units well maintained Super 8 franchise motel with a nice living quarter. Great interstate location on heavily traveled I-35, in southern Iowa, at exit # 4, US Hwy 69 with traffic counts over 5000 per day. Property has recently been remodeled to meet all the franchise requirements of 2013 with new bedding, new Simmons mattresses, and new carpets in rooms as well as hallways. Exterior is refurbished with new stucco & paint. It is a home of Graceland private university. Super 8 provide free breakfast, HSIA and free local calls. All rooms are equipped with micro/fridges.It is an ideal motel for starter investor with good occupancy, high ADR and room revenue.

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    © 2019 Cedar Rapids Area Association of REALTORS® Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Graf Home Selling Team & Associates. Data last updated: 2019-09-17T07:42:31.267.
    www.cedarrapidsareahomes.com/homes/94153968

    2013 E Main Street Lamoni, IA 50140

    • Price: $700,000
    • Status: Active
    • Updated: 51 min ago
    • MLS #: 1903081
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.55
    Acres
    25,988
    SQFT
    $27
    $/SQFT
    1992
    Built
    Neighborhood:
    OT-W (West Of I-380)
    County:
    Decatur
    Area:
    OT-W (West Of I-380)
    Property Description
    Beautiful thirty units well maintained Super 8 franchise motel with a nice living quarter. Great interstate location on heavily traveled I-35, in southern Iowa, at exit # 4, US Hwy 69 with traffic counts over 5000 per day. Property has recently been remodeled to meet all the franchise requirements of 2013 with new bedding, new Simmons mattresses, and new carpets in rooms as well as hallways. Exterior is refurbished with new stucco & paint. It is a home of Graceland private university. Super 8 provide free breakfast, HSIA and free local calls. All rooms are equipped with micro/fridges.It is an ideal motel for starter investor with good occupancy, high ADR and room revenue.
    Exterior Features

    Construction Methods Frame Lot Size 1.55 Acre Roof Shingle Asp

    Interior Features

    Basement YN No Ceiling Height 7Ft-10Ft Flooring Carpet Heating Cooling Electricity HeatWindow/Wall Air

    Property Features

    Building Description Multi Tenant For Lease No For Sale Yes Gross Tax 35638 Miscellaneous Rest RoomsSign Net Tax 0 Owner Pays Re TaxInsuranceImprovmentJanitorialHeatingWaterElectricityTrash Collection Possession At Closing Power 220 Volt Property Sub Types Business Restricted Listing No Sale Includes BuildingBusinessFranchiseLand Terms Cash Traffic Count 5001-10000 Utilities ElectricGas Zoning Comm

    Listing information © 2019 Cedar Rapids Area Association of REALTORS® Multiple Listing Service.
    Listing provided courtesy of Ashok Parikh of Skogman Realty Commercial.
    © 2019 Cedar Rapids Area Association of REALTORS® Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Graf Home Selling Team & Associates. Data last updated: 2019-09-17T07:42:31.267.
     
    The Graf Home Selling Team & Associates
    1190 Twixt Town Rd NE
    Cedar Rapids IA, 52402