1401 N 2nd St | Cherokee, IA 51012
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- LoopNet Team
1401 N 2nd St
Cherokee, IA 51012
Best Western La Grande Hacienda · Hospitality Property For Sale
·
32,113 SF
INVESTMENT HIGHLIGHTS
- 2-story, 55-room, interior corridor hotel with minimal PIP
- Consistent revenue performance; More or less $850,000 Room Revenue Average
- Space available to convert into extended stay suites
- Near the Western Iowa Tech Community College and Convention Center, the Cherokee Regional Medical Center, the Cherokee Mental Health Institute, Tyson®
- Absentee out of state owner. Opportunity for onsite owner operator to increase revenues and profit margins
- New roof in 2022 and many recent improvements
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1976/2022 |
| Building Class | B | Parking Ratio | 2.34/1,000 SF |
| Lot Size | 3.07 AC | Corridor | Interior |
| Building Size | 32,113 SF | ||
| Zoning | C | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 3.07 AC |
| Building Size | 32,113 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1976/2022 |
| Parking Ratio | 2.34/1,000 SF |
| Corridor | Interior |
| Zoning | C |
AMENITIES
- Business Center
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
PROPERTY TAXES
| Parcel Number | 7-22-451-010 | Improvements Assessment | $1,442,710 |
| Land Assessment | $128,730 | Total Assessment | $1,571,440 |
PROPERTY TAXES
Parcel Number
7-22-451-010
Land Assessment
$128,730
Improvements Assessment
$1,442,710
Total Assessment
$1,571,440
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