60 Unit Motel | 1201 Hawkeye Ave SW
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
60 Unit Motel 1201 Hawkeye Ave SW
60 Room Hotel Le Mars, IA 51031 $1,848,600 CAD ($30,810 CAD/Room)
Investment Highlights
- Conveniently situated on Highway 75 Business
- Walking distance to all restaurants - 4 Brothers Stackhouse, Pizza Hut, Taco Bell, Hardee's Burger, In-store Hy-Vee
- Large Potential Upside
- Walking distance to Walmart Superstore, Hy-Vee Grocery Store, Hy-Vee Gas Station/Convenience Store
- Walking distance to Version, Cricket Cellular, Dollar Tree, Massage Therapy and other shopping stores/ amenities
- F, F, & E included in sale
Executive Summary
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.
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.
Property Facts
| Price | $1,848,600 CAD | Building Size | 28,944 SF |
| Price Per Room | $30,810 CAD | No. Rooms | 60 |
| Sale Type | Investment | No. Stories | 3 |
| Sale Conditions | Business Value Included | Year Built/Renovated | 1989/2017 |
| Property Type | Hospitality | Parking Ratio | 1.55/1,000 SF |
| Property Subtype | Hotel | Corridor | Interior |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 2.40 AC |
| Price | $1,848,600 CAD |
| Price Per Room | $30,810 CAD |
| Sale Type | Investment |
| Sale Conditions | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.40 AC |
| Building Size | 28,944 SF |
| No. Rooms | 60 |
| No. Stories | 3 |
| Year Built/Renovated | 1989/2017 |
| Parking Ratio | 1.55/1,000 SF |
| Corridor | Interior |
| Opportunity Zone |
Yes |
Amenities
- Business Center
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
About 1201 Hawkeye Ave SW , Le Mars, IA 51031
Former EconoLodge constructed in 1989 at strategic intersection location with one-side Walmart Superstore and other-side the Iowa's famous store Hy-Vee.
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 2 | $203.35 CAD | - |
| Guest Room | 58 | $130.82 CAD | - |
1 of 1
PROPERTY TAXES
| Parcel Number | 12-17-376-004 | Improvements Assessment | $886,815 CAD |
| Land Assessment | $671,776 CAD | Total Assessment | $1,558,591 CAD |
PROPERTY TAXES
Parcel Number
12-17-376-004
Land Assessment
$671,776 CAD
Improvements Assessment
$886,815 CAD
Total Assessment
$1,558,591 CAD
zoning
| Zoning Code | C |
| C |
1 of 14
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Sioux Medallion Hospitality
60 Unit Motel | 1201 Hawkeye Ave SW
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.