The Franklin Hotel 102 Elkader St 16 Room Hotel Strawberry Point, IA 52076 $580,000 ($36,250/Room)

I am excited to present a unique opportunity to own The Franklin Hotel, a historical landmark in Strawberry Point since 1902. This property has a rich history of serving travelers and hosting community events.
Key highlights of this opportunity:
Historical Significance: The Franklin Hotel is listed on the State of Iowa historical registry.
Grant Opportunity: Benefit from a \$15,000 grant available yearly.
Turnkey Business: The hotel is fully operational, featuring 6 long-stay apartments, 11 hotel rooms, a full kitchen with restaurant, catering services, a full bar, and a separate banquet space.
Multiple Revenue Streams: The property includes a long-term lease in a separate section of the building, providing a stable income source.
Included in Purchase: The purchase price covers the building and the business, including the Franklin's established reputation, customer loyalty, and all trade fixtures.
Don't miss this chance to acquire a turnkey property with a strong foundation and multiple avenues for revenue.