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- LoopNet Team
2210 West St S
Grinnell, IA 50112
Best Western Pioneer Inn & Suites - NEW PRICE · Hospitality Property For Sale
·
37,548 SF
INVESTMENT HIGHLIGHTS
- Located off I-80, 55 miles east of the Des Moines Airport
- Nearby Grinnell College (private 4-year liberal arts college)
- Auto Transfer within Best Western system
- Second Price Reduction!
- Absentee-owned
- 100% smoke free hotel
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1964/2018 |
| Building Class | C | Parking Ratio | 2.9/1,000 SF |
| Lot Size | 2.66 AC | Corridor | Interior |
| Building Size | 37,548 SF | ||
| Zoning | C | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.66 AC |
| Building Size | 37,548 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1964/2018 |
| Parking Ratio | 2.9/1,000 SF |
| Corridor | Interior |
| Zoning | C |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
- Hot Tub
ABOUT 2210 WEST ST S , GRINNELL, IA 50112
ANOTHER PRICE REDUCTION!! This absentee-owned Best Western represents all the attributes of a superior hotel investment…that is, high revenue, strong net income and a solid market with multiple demand generators. The hotel qualifies for an Auto Transfer within the Best Western membership system. Grinnell is located on I-80 just 50 miles east of Des Moines (capital of Iowa) and has a population of 9,000. The hotel is situated minutes from Grinnell College, a 4-year, private liberal arts college (enrollment of 1700) and Iowa Valley Community College. Grinnell demand generators include the NASCAR-owned Iowa Speedway, Knoxville Raceway, Adventureland Park and Prairie Meadows Casino. Major businesses such as Grinnell Mutual Reinsurance Company, Grinnell College, Grinnell Regional Medical Center, JELD-WEN, Manatts, Inc., and Magna, Inc. all contribute to the hospitality demand. I-80 also contributes a significant amount of walk-in traffic to the hotel. This 58 room, 2-story hotel, has a variety of room types, including whirlpool and family suites. The lobby, front desk and breakfast area have been recently remodeled. Guests enjoy amenities such as an oversized indoor pool & spa, fitness room, guest laundry and flat screen TV’s. The Best Western Pioneer Inn & Suites provides solid room revenue, cash flow, an excellent location and a strong hospitality market!
PROPERTY TAXES
| Parcel Number | 180-3401500 | Improvements Assessment | $2,276,240 |
| Land Assessment | $199,980 | Total Assessment | $2,476,220 |
PROPERTY TAXES
