Language and Region
Currency

Email*

Please enter a valid email address.

To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Message

943 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

60 Unit Motel 1201 Hawkeye Ave SW 60 Room Hotel Le Mars, IA 51031 $1,399,999 ($23,333/Room)

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

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.

PROPERTY FACTS

Price	$1,399,999	Building Size	28,944 SF
Price Per Room	$23,333	No. Rooms	60
Sale Type	Investment	No. Stories	3
Sale Condition	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 State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Lot Size	2.40 AC
Zoning	C

Price	$1,399,999
Price Per Room	$23,333
Sale Type	Investment
Sale Condition	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 State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	C

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.