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Executive Summary

FOR SALE — Premier Hotel Investment Opportunity Near Entertainment Hotspot in Burlington, Iowa
Offered at $1,600,000, this exceptional hotel property presents an unbeatable opportunity to own a hospitality asset in the heart of Burlington’s thriving entertainment corridor — steps from Catfish Bend Casino, Fun City Resort, and a variety of local attractions, restaurants, and retail destinations.
Property Highlights:
-Prime location just off Highway 61, minutes from the Mississippi River waterfront
-Close to major draws such as Catfish Bend Casino, FunCity Water Park, and the Pzazz! Resort & Convention Center—a hub for year-round visitors
-Well-maintained building with strong redevelopment potential
-Ideal for repositioning as a boutique hotel, extended-stay property, or franchise conversion
-Ample on-site parking and easy access to regional highways and rail connections
-Serves a robust market of tourists, business travelers, and event attendees
Why Burlington:
Burlington is southeastern Iowa’s entertainment capital, offering a unique mix of leisure, gaming, and riverfront recreation. The city attracts thousands of visitors annually with its casino resorts, sports complexes, and convention facilities. This hotel is strategically situated to capture both overnight travelers and long-term guests seeking convenience and value near the area’s top destinations.
Investment Highlights:
-Affordable acquisition cost with significant upside potential
-Proven hospitality market anchored by consistent casino and resort traffic
-Perfect for local or regional investors expanding within Iowa’s growing tourism corridor
This property combines location, opportunity, and value—a rare chance to own a well-positioned hotel in a high-demand entertainment district.

Property Facts

Price $1,600,000
Price Per Room $16,667
Sale Type Investment
Sale Conditions
1031 Exchange
  • Build to Suit
  • Lease Option
  • High Vacancy Property
  • Redevelopment Project
  • Short Sale
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 4.29 AC
Building Size 66,986 SF
No. Rooms 96
No. Stories 2
Year Built/Renovated 1965/2016
Parking Ratio 2.05/1,000 SF
Corridor Interior
Opportunity Zone Yes
Zoning commercial - C-2 (COMMERCIAL DISTRICT) : -HOTELS AND MOTELS - RESTURANTS AND BARS - RETAIL STORES -OFFICES AND SERVICE BUSINESSES -ENTERTAINMENT AND EVENT VENUES

Amenities

  • Business Center
  • Fitness Center
  • Pool
  • High Speed Internet Access
  • On-Site Bar
  • Meeting Event Space
  • Public Access Wifi
  • Hot Tub

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 96 $73.00 400

Property Taxes

Property Taxes

Parcel Number
11-31-101-045
Land Assessment
$544,100
Improvements Assessment
$1,665,900
Total Assessment
$2,210,000
  • Listing ID: 39770531

  • Date on Market: 3/13/2026

  • Last Updated:

  • Address: 2759 Mount Pleasant St, Burlington, IA 52601

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