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Best Western La Grande Hacienda 1401 N 2nd St 55 Room Hotel Cherokee, IA 51012 $1,990,000 ($36,182/Room)
Executive Summary
55 Rooms BW, Property is in Excellent Condition, Sellers live in CA.. New Roof in 2023 period, ALL new BW Approved TVs in 2025, New BW approved Mattresses in ALL rooms in 2025, BW PIP DEX 3.0 Signed off in Sept 2025.
WIll Consider ALL Serious QUALIFIED Offers,
Needs a Good Operator.
WIll Consider ALL Serious QUALIFIED Offers,
Needs a Good Operator.
Property Facts
| Price | $1,990,000 | Building Size | 32,113 SF |
| Price Per Room | $36,182 | No. Rooms | 55 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1976/2024 |
| Property Subtype | Hotel | Parking Ratio | 2.34/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 3.07 AC | Opportunity Zone |
Yes
|
| Zoning | C - go on Google Maps, you will see Extra Land for TRUCK PARKING with a Storage shed to the South of the Hotel Building, this is also included in the sale | ||
| Price | $1,990,000 |
| Price Per Room | $36,182 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 3.07 AC |
| Building Size | 32,113 SF |
| No. Rooms | 55 |
| No. Stories | 2 |
| Year Built/Renovated | 1976/2024 |
| Parking Ratio | 2.34/1,000 SF |
| Corridor | Interior |
| Opportunity Zone |
Yes |
| Zoning | C - go on Google Maps, you will see Extra Land for TRUCK PARKING with a Storage shed to the South of the Hotel Building, this is also included in the sale |
Amenities
- Business Center
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 55 | $78.00 | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
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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Videos
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Photos
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Street
Map
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Contact the Sale Advisor
Best Western La Grande Hacienda | 1401 N 2nd St