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The Grove Inn and Suites 711 Commercial Ave 32 Room Hotel Eagle Grove, IA 50533 $1,299,000 ($40,594/Room)
Investment Highlights
- Heavy traffic State Highway (main throughfare through town)
Executive Summary
2019 Construction in excellent condition. Needs professional management to reach full potential.
Site is 2.72 acres with 20 Double Queen Guest Rooms (1 ADA), 5 King Suites (1 is ADA), and 7 King Guest Rooms (1 ADA). Two stories with elevator.
2021 Gross $465,110
2022 Gross $612,521
2023 Gross $452,837
2024 Gross $437,588
2025 Gross $345,821
In-house manager retired in late 2022 and local shareholders have been managing since then as numbers reflect. Buyer should obtain new management to pursue 2022 numbers or greater.
New in 2026 are local partnerships for fitness center/recreation access, as well as golf course, coffee, and restaurant discounts for guests.
Hotel was constructed in 2019 by local investors and nonprofits to provide an amenity to the community. No franchise, royalty, or management agreements are in place.
Change of use from hotel within next three years would trigger payback of a hotel/motel tax agreement with City of Eagle Grove. Upon expiration, this incentive is forgiven.
Site is 2.72 acres with 20 Double Queen Guest Rooms (1 ADA), 5 King Suites (1 is ADA), and 7 King Guest Rooms (1 ADA). Two stories with elevator.
2021 Gross $465,110
2022 Gross $612,521
2023 Gross $452,837
2024 Gross $437,588
2025 Gross $345,821
In-house manager retired in late 2022 and local shareholders have been managing since then as numbers reflect. Buyer should obtain new management to pursue 2022 numbers or greater.
New in 2026 are local partnerships for fitness center/recreation access, as well as golf course, coffee, and restaurant discounts for guests.
Hotel was constructed in 2019 by local investors and nonprofits to provide an amenity to the community. No franchise, royalty, or management agreements are in place.
Change of use from hotel within next three years would trigger payback of a hotel/motel tax agreement with City of Eagle Grove. Upon expiration, this incentive is forgiven.
Property Facts
| Price | $1,299,000 | Building Size | 18,774 SF |
| Price Per Room | $40,594 | No. Rooms | 32 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 2019 |
| Property Subtype | Hotel | Parking Ratio | 2.06/1,000 SF |
| Lot Size | 2.72 AC | Corridor | Interior |
| Zoning | Commercial - Within City of Eagle Grove, Wright County, Iowa | ||
| Price | $1,299,000 |
| Price Per Room | $40,594 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Lot Size | 2.72 AC |
| Building Size | 18,774 SF |
| No. Rooms | 32 |
| No. Stories | 2 |
| Year Built | 2019 |
| Parking Ratio | 2.06/1,000 SF |
| Corridor | Interior |
| Zoning | Commercial - Within City of Eagle Grove, Wright County, Iowa |
Amenities
- Business Center
- Controlled Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Fiber Optic Internet
- Smoke Detector
- Awning
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 5 | - | - |
| Guest Room | 27 | - | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
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The Grove Inn and Suites | 711 Commercial Ave
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