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310 Virgil Ave SE
Mount Vernon, IA 52314
Sleep Inn & Suites Mount Vernon · Hospitality Property For Sale
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72,345 SF
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 2004/2013 |
| Building Class | B | Parking Ratio | 1.56/1,000 SF |
| Lot Size | 1.88 AC | Corridor | Interior |
| Building Size | 72,345 SF | ||
| Zoning | C | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.88 AC |
| Building Size | 72,345 SF |
| No. Stories | 3 |
| Year Built/Renovated | 2004/2013 |
| Parking Ratio | 1.56/1,000 SF |
| Corridor | Interior |
| Zoning | C |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
ABOUT 310 VIRGIL AVE SE , MOUNT VERNON, IA 52314
Fee Simple interest in the three story, 60-room Sleep Inn & Suites Mount Vernon, IA available at a significant discount to replacement cost Offered unencumbered of debt and management with the ability to retain the Sleep Inn & Suites flag The only nationally branded hotel in Mount Vernon and situated on ~1.9 acres with ample tractor trailer, bus, and RV parking Recent CapEx items completed within the last year include a new roof and new signage Hotel continues to re-stabilize through the pandemic affording new ownership the opportunity to further improve performance trends alongside several economic expansion efforts currently underway throughout the broader Cedar Rapids MSA Highly visible and accessible from the intersection of Highways 30 and 1 with upwards of 20,000 vehicles passing the exit daily Located just two miles away from Cornell College and within walking distance of downtown Mount Vernon’s historic Main Street Convenient to all local and regional demand including major employers, St. Luke’s and Mercy Medical Center, the US Cellular Center, National Czech & Slovak Museum, Hawkeye Downs, Eastern Iowa Airport, Kirkwood Community College, and the University of Iowa colleges and medical facilities
PROPERTY TAXES
| Parcel Number | 17152-31005-00000 | Improvements Assessment | $1,935,900 |
| Land Assessment | $281,100 | Total Assessment | $2,217,000 |
PROPERTY TAXES
